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Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding. The funding round was led by Puma Private Equity with participation from Lloyds Banking Group, Nationwide and existing investors Par Equity and Scottish Enterprise.

A Former Dundee pub boss has been banned by The Insolvency Service from acting as a company director for 11 years due to misuse of Covid bounceback loans (BBL). Philip Donaldson, 41, a director of Macmerry 300 Ltd, secured two £50,000 loans intended for pandemic recovery, which he then transfe

Professional services firm Hutcheon Mearns has strengthened the roll-out of its growth strategy with the appointment of Dougal Bennett as a non-executive director. Mr Bennett is a highly experienced figure in private equity, and he joins Hutcheon Mearns to support the firm’s rapid scale up, bo

Aberdeenshire-based engineering firm Brimmond has posted a 74% increase in turnover for 2023-24, reaching £11.4 million – surpassing its forecast of £10m. A number of high-value contract wins across multiple sectors have contributed to this exceptional financial position:

Aberdeen-headquartered Spirit Energy has appointed Nick Harrison as CFO. Mr Harrison joins the firm with more than three decades of experience working within the energy sector, having previously held positions with Repsol Sinopec, Talisman Energy and Shell.

A fund to help businesses, charities and other organisations adopt fair work practices has opened for applications and has been launched at McAllister Litho Glasgow. Grants are available to implement changes such as the delivery of workplace training and processes that support flexible working and h

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

The Financial Reporting Council's (FRC) Annual Review of Audit Quality revealed a disappointing performance from BDO and Forvis Mazars, whose audit results fell significantly below expectations. The results are based on a risk-based sample of the audits undertaken by 'Tier 1' audit firms, which

The rules governing financial services could be streamlined to reduce burdens on businesses, following a review launched by the Financial Conduct Authority (FCA). The move comes after the introduction of the Consumer Duty, which makes sure that businesses deliver good outcomes for consumers when the

St James’s Place (SJP), the UK's largest wealth manager, has staged a dramatic comeback after a turbulent period. Despite a plummeting share price, since 2022, and a £426 million customer refund scandal, SJP's newly announced £500m cost-cutting programme and better-than-expected ha

The famous gold bikini worn by the late Carrie Fisher as Princess Leia in Star Wars has sold at auction for $175,000 (£136,000).

Excluding the impact of being a partner in an unincorporated business which is declared bankrupt, the two main routes into bankruptcy are by an individual submitting the appropriate form to the accountant in bankruptcy (AiB – a civil servant based in Ayrshire) or a creditor lodging a petition

Drinks giant Diageo has reported its first decline in global sales since the pandemic, however, the UK defied the trend, thanks to a surge in popularity of Guinness and related products. Sales of Guinness and its variants, such as Guinness 0.0 and Nitrosurge, soared in the UK, leading to a 5% increa

Are you looking for an exceptional way to reward your high-achieving team and valued clients? Look no further! Golf Trailblazers is proud to present an exclusive Corporate Golf Event and Performance Coaching Day at the legendary St. Andrews Fairmont. This special event offers a unique blend of luxu