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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

New figures from LINC Scotland, the national angel capital association, indicate that investment levels from Scotland’s business angel community into promising young companies are in line for a record year in 2021. The association’s research found that Scotland-based angel investors led

Professional services firm Moray Group has appointed Joseph Bowie as its new group-wide chief operating officer to help drive growth. Father-of-two Joseph Bowie, 36, takes on the COO position after more than a decade at legal firm Aberdein Considine.

Shepherd and Wedderburn has reported a 4.1% turnover growth to £59.3 million in the year to 30 April 2021, with profits before partner distributions rising 13% to £25.3m. In recognition of the exemplary resilience, adaptability and commitment shown by colleagues to clients during th

Sovereign Grooming is set to invest more than £500,000 in launching a new hair salon and barber school in Glasgow which will tackle a grooming industry skills shortage. Sovereign Grooming, led by Best Barber UK winner Kyle Ross, aims to train 600 barbers over the next decade to counter a Covid

Matthew Gregory, the chief executive of bus and rail firm FirstGroup has announced that he will step down from the role in September this year, The news arrives amid mounting investor criticism over the sale of two North American businesses completed earlier this year.

Tesco Bank has confirmed all Tesco Bank Personal Current Accounts will close from Tuesday 30 November 2021. Tesco Bank’s Current Account was closed to new business in December 2019 and will now also close for existing customers.

Wealth manager Brewin Dolphin has posted record gross discretionary fund inflows of £1.3 billion for the third quarter ended June 30 2021. The gross discretionary inflows were higher than the £1.0bn reported in Q2, with Brewin Dolphin stating that continued growth across its direct and i

Barratt Developments has said it is well-positioned for FY22 after a year of 'excellent performance' as it reported profits before tax of £107 million. The group has today issued a trading update for the year ended 30 June 2021 ahead of the publication of its annual results on 2 September

AssetCo, the new asset management business launched by north east entrepreneur Martin Gilbert, has announced that it has reached an agreement with Preservation Capital Partners Limited to acquire effectively a 30% equity interest in Parmenion Capital Partners LLP. The consideration will be up to &po

A new report published by Temenos, the Swiss banking software company, has found that 65% of global banking executives believe branch-based banking will be “dead” within five years.

Caledonia Housing Association has welcomed a £30 million funding package from Royal Bank of Scotland to support new housing developments across Scotland.

M&G Wealth, which has £28 billion of assets under management, is to deliver a new hybrid robo-adviser service that will be run by humans but “underpinned by digital technology”. The firm, which is a spin-out from Prudential, has appointed Ignition Advice to develop the “l

The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies. UK ministers have proposed “managed shared audits” of FTSE 350 businesses,

Nationwide Building Society has seen its profits almost double to £823 million throughout the Covid-19 pandemic as its customers saved an extra £10 billion over the last year. The lender, which is the UK's biggest building society, revealed a huge rise in deposits as customers chose to s