The Scottish Government has received record revenues of £89 million from residential property in the last two months according to property firm Apropos by DJ Alexander. The UK-wide letting firm, has analysed official data and found revenues from residential properties from the land and buildin
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Payments start-up Modulr, based in Edinburgh, London and Dublin, has secured £9 million in investment from PayPal Ventures. Modulr is a Payments-as-a-Service API platform which enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and a
Social Investment Scotland (SIS) has announced the appointment of Jill Arnold to head its new wholly-owned impact investment fund, thought to be Scotland's first impact investor. Ms Arnold, who previously held a senior role at RBS, will be the inaugural head of SIS Ventures.
Aberdeen-based global payroll and tax compliance specialist activpayroll has donated a five-figure sum to four Scottish charities to support their work during the Covid-19 pandemic.
The Financial Reporting Council (FRC) has voiced renewed concerns about the financial market’s vulnerability to the failure of one of the Big Four audit firms that dominate the sector. The regulator said it had requested detailed information from Deloitte, KPMG, EY and PWC on their responses t
Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report. According to the newly published HMRC Annual Report and Accoun
Glasgow-based video technology platform specialist Ordo has experienced high client demand for its product range since the beginning of the COVID-19 pandemic, with the company on track to more than double revenue to around £3 million in the current financial year. Odro, which provides a comple
Despite ongoing economic uncertainty, the value of Venture Capital (VC) investment in Scottish scale-ups increased in the third of quarter of 2020, according to the latest data from KPMG's Private Enterprise’s Global Venture Pulse Survey. Between July and September of this year, VC deal volume
Graeme Finnie, managing partner at French Duncan, discusses the potential outcomes of the US Presidential election, and its impact on Scotland’s economy and business community. How the 2020 US election outcome affects Scotland’s economy and SME community could be largely dependent on the
Glasgow-based Talking Medicines, the world’s first social intelligence company for the pharmaceutical industry, has secured a £1.1 million funding deal to scale up its AI-based data technology platform for measuring patient sentiment. Tern Plc, the investment company specialising in
Mortgage approvals reached a thirteen-year high of 91,454 in September, according to new data from the Bank of England.
Forty of Scotland’s most talented, innovative and ambitious entrepreneurs are joining Scottish Enterprise's flagship entrepreneurial development programme, Unlocking Ambition.
UK regulators have fined Goldman Sachs almost £100 million as part of a $2.9 billion settlement with authorities around the world for the investment bank’s role in Malaysia’s 1MDB scandal. Yesterday, the Prudential Regulation Authority (PRA) fined the bank £48.3m —
After a quiet second quarter, there has been a resumption of Initial Public Offering (IPO) activity as both the Main Market and AIM have adapted to operating in a predominantly virtual environment as a result of COVID-19, according to EY’s latest market tracker IPO Eye. Following a quiet secon
The UK Government's plans to substantially increase low-deposit mortgages for first-time buyers have come amid an acute rise in loan prices. According to data from the Bank of England, the average cost of a two-year fixed-rate mortgage with a 5% deposit was 3.95 %in September, an increase from 3.02%
