Search: raise

More than one in five high growth companies in Scotland is founded, led or managed by women – the highest proportion in the UK, according to a new report by JP Morgan Private Bank.

Edinburgh-based Baillie Gifford has invested £72 million ($100m) into Blockchain.com, the UK’s biggest cryptocurrency company, signalling a new stamp of approval for Bitcoin and other cryptocurrencies.

UK businesses have avoided using litigation to resolve commercial disputes during the COVID-19 pandemic, instead turning to negotiation and mediation, according to new research by EY. The research suggests that UK companies have heeded official guidance, released by the Cabinet Office in May 2020, w

EIE21, Scotland’s premier tech investor conference which will see company founders pitch for investment from seed level to up to multimillion series A and later stage investment rounds on 10th June, has launched the annual EIE Scottish Startup Survey. The EIE Scottish Startup Survey, the first

Claire Massie, Pinsent Masons head of banking & restructuring in Scotland, reveals how businesses will need to alter their operating model in an attempt to fight climate change. Climate change will require businesses in all sectors to reassess and change their operating model as part of the tran

Aberdeen Asian Income Fund Limited, a fund managed by Aberdeen Standard Investments (ASI), has posted strong results for the year ended 31 December 2020.  Over the 12 months ended 31 December 2020, the Company’s net asset value (NAV) increased in sterling terms +12.9%, compared to the MSC

Iain Fraser and Tom MacLennan, partners with FRP Advisory, have been appointed joint administrators to Wooha Brewing Company Limited, the fast-growing artisan brewing business based in Kinloss, Morayshire. Founded in 2015 by Heather McDonald, Wooha Brewing had built a substantial export business for

The Financial Reporting Council (FRC) has published a new report which sets out what firms can expect from the FRC in the course of supervision with a focus on audit quality and firm resilience. 'Our Approach to Audit Supervision' highlights the FRC's approach to supervision and what the w

Consumer price inflation unexpectedly dipped to a three-month low of 0.4% in February from 0.7% in January, according to the latest figures released by the Office for National Statistics (ONS).

Neil McDonald, the stockbroker behind last year’s flotation of Scottish technology firm Calnex, has reported a 188% rise in underlying profits after an increase in fundraising activity in 2020. Neil McDonald, who heads up the Edinburgh office of Cenkos Securities, said Calnex is also engaging

Scottish residential property revenues and sales volumes rose over 20% in the last six months according to analysis of the latest Scottish Government data by property firm apropos. The UK-wide letting firm found that completed property sales rose 23.2% and government revenue was up 20.4% from Septem

Housing minister Kevin Stewart has written to the UK Government to urge a rethink on VAT rates for building refurbishments and renovations. In his letter to Treasury minister Jesse Norman, he argues the current situation acts as a disincentive to improvement work that might make buildings more energ

Suzi Smith, commercial litigation associate at Shoosmiths in Scotland, discusses the significance of the recent launch of the Business Banking Resolution Service (BBRS) for SMEs. The Business Banking Resolution Service (BBRS), launched on 15 February 2021, is a new dispute resolution service aimed a

Amphista Therapeutics, a University of Dundee spin-out company, has announced a £38 million investment round that will further its work to develop new drugs for a range of diseases. Amphista is a biopharmaceutical company creating first-in-class therapeutics that harness the body’s natur

An investigation has been launched into how £3.3 million has had to be refunded to thousands of savers as a Barrhead-based community bank collapsed two years after auditors cast doubt over its future as a going concern. Pioneer Mutual Credit Union went into insolvency and had failed to provide