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Greenock credit union Tail O’ The Bank (TOTB CU) has completed a successful merger with Right Way Credit Union, a well-established community credit union based in Renfrewshire. The move comes after TOTB CU board of directors and members approved the changes in September 2023.

Scottish biopharmaceutical firm EnteroBiotix has raised over £27 million from new and existing investors, positioning it to expand and accelerate its pioneering work in developing microbiome medicines. The £27m financing includes new equity of £6m from the Scottish National Investm

Scottish and UK government officials are in the US this week to promote Scotland to North America as a place to live, work, study and do business. New York's annual Tartan Week festivities begin today, culminating in the annual Tartan Day Parade on Saturday.

Women angel investment group Mint Ventures hosted the ‘Women Backing Women Investment Summit Scotland’ event at the Royal Bank of Scotland headquarters in Edinburgh last week. The event was hosted in collaboration with UKBAA to inspire and empower more women to become angel investors and

Glasgow-based business software solutions firm Cofficient has announced its transition to an employee-owned company. By placing ownership directly in the hands of employees, Cofficient aims to foster an environment that fuels innovation and exceptional client service. The dedicated team, now with a

Business confidence in Scotland fell significantly in March, according to Bank of Scotland Commercial Banking. The bank's latest Business Barometer showed the overall confidence level dropped 15 points to 41%, with companies reporting lower optimism in their own business prospects, down 10 poin

Mark Sterritt, director at the British Business Bank, discusses the organisation's £150 million Investment Fund for Scotland, and its aim to provide financing options for small businesses and entrepreneurs across Scotland in an effort to address regional imbalances in access to capital. A

TLT has promoted restructuring and insolvency lawyer Ainslie Benzie. Ms Benzie joined TLT as legal director in 2020 to lead the firm’s restructuring and insolvency practice in Scotland. In her time at the firm, she has led on some of the most complex restructuring and insolvency matters in the

Aberdeen-based energy services firm Wood Group has revealed revenue growth and improved cash flow for 2022, alongside a new "Simplification Programme" aimed at driving margin expansion.

Unity Trust Bank, which supports organisations delivering positive social impact across the UK, has reported record lending of over £1 billion in its 2023 annual results. This marks the first time the 40-year-old bank has exceeded this milestone, with nearly half (48.2%) of its financing in Sc

A hotel complex in the Scottish Highlands, dedicated to members of the British armed forces, veterans and their families, has secured a six-figure funding deal to complete its transformation. Forces Manor, situated in the Cairngorms National Park and owned by former army soldier and now veteran Tony

Johnston Carmichael’s most senior audit professional is swapping running numbers for running shoes in aid of a charity campaign to encourage social mobility in the accountancy profession. Graham Marjoribanks, partner and head of audit at Johnston Carmichael, is running a half marathon to raise

Deloitte has initiated a major reorganisation of its global operations, the largest in over a decade, as the Big Four firm aims to reduce costs and complexity amid an anticipated market slowdown. The restructuring will consolidate Deloitte's main business units from five to four, comprising audit an

North-east investment firm Scott James & Associates has recorded its best year yet by exceeding £150 million in funds under management. Founded in 2015, and an appointed representative of St. James's Place Wealth Management, the Aberdeen-based company saw an 18% increase in funds from &pou

  Company insolvencies in Scotland rose by 9% during February compared to the previous year, totalling 94 cases, according to data from the Insolvency Service.