Search: raise

Scottish private sector firms registered a further sharp uplift in business activity during September, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output -

Martin Gilbert is set to be awarded about £5 million worth of shares for nine months’ work as chairman at his new company, AssetCo. Deputy chairman Peter McKellar is set to receive around £4m worth of shares under the same allocation plan announced by the firm last week.

Businesses emerging from the Covid-induced cocoon of furlough payments used to retain their workforce since the pandemic struck are now facing the cold wind of scrutiny as HMRC gears up to claw back any cash that may have been handed over in error, writes Christine Rolland, forensic accounting

Tyk, a London-based global tech company, today announced it has closed a $35 million growth equity funding round led by new investors Scottish Equity Partners (SEP), alongside existing investors MMC Ventures. Tyk’s innovative API management solution helps to build mission-critical systems in h

The rare whisky market for 2021 is set to break all previous records, following a strong first six months of the year, according to new figures published today by whisky analyst, broker and investment experts Rare Whisky 101. The first half of 2021 has seen nearly 85,000 bottles of single malt Scotc

The start of construction on what will become Scotland’s largest hotel was marked on Friday by a ground-breaking ceremony at Candleriggs Square in the heart of Glasgow’s historic Merchant City, heralding the £300 million transformation of one of the city’s most prominent deve

The Financial Conduct Authority (FCA) has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms. Incorrect or outdated permissions on the Financial Services (FS) Register can mislead consumers

A biomass power generator built by Aviva Investors should be torn down because of planning irregularities, a council has ruled. Vale of Glamorgan Council said that it would issue a legal enforcement notice against the Barry Biomass site requiring that “the plant and all buildings are removed f

Virgin Money, owner of Glasgow-based Clydesdale Bank, has partnered with Edinburgh-based golf company Shot Scope, providing a funding package of £1.5m to help the company scale internationally. Shot Scope, a manufacturer of golf improvement technology provides wearable, global positioning

Cushman & Wakefield has announced the promotion of Priya Kharbanda, Ewan Stewart and Adam Watt to senior surveyors in the Scottish operation. They are among 44 promotions across a range of markets, skill lines and functions across the UK.

Anderson Anderson & Brown Corporate Finance (AABcf) has reported a resurgence in the M&A market throughout the first half of 2021 as it published its Deals+ Half Year Market Review. AAB’s report highlights selected M&A transactions, fundraising transactions as well as AAB transacti

Michael Reid, insolvency practitioner and managing partner Aberdeen-based chartered accountants Meston Reid & Co, puts the spotlight on wrongful trading. When the Insolvency Act 1986 became the principal law applicable to corporate insolvency in April 1986, there was much discussion around secti

Financial crime prevention costs UK financial institutions an average of £374,000 every year, according to new research from global legal business DWF. The survey of 300 financial crime decision-makers working in the financial services sector in the UK, also found that on average, organisation

The National Lottery Heritage Fund has announced a £1.9 million investment to help create a "world-class" attraction at the Royal Zoological Society of Scotland’s Highland Wildlife Park in the Cairngorms National Park.

Growth capital investor BGF has completed a £7 million investment in The Artisanal Spirits Company plc (ASC) as part of its admission to trading on AIM.