Listed housebuilder Springfield Properties has agreed a conditional acquisition of Inverness-based housebuilder Tulloch Homes for a net consideration of £56.4 million. Springfield’s third acquisition since joining the market in 2017, the directors believe the move will significantly enha
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Helen Mill, Aberdeen-based business coach & facilitator at The Alternative Board (TAB), offers advice to all businesses on how to tackle the challenges ahead. Firstly, congratulations – you’ve made it through the pandemic lockdowns. Maybe you’ve pivoted your business and advanc
Global Venture Capital (VC) investors deployed record amounts of money into Scottish scaleups over the summer, with more than £197 million raised according to Venture Pulse, a quarterly report published by KPMG Private Enterprise. The research, published using data supplied by PitchBook, recor
Taxpayer-owned NatWest Group, formerly the Royal Bank of Scotland Group, saw pre-tax profits triple to £1.1 billion in the third quarter of 2021. Results announced today reveal that the banking group recorded operating profit before tax of £1,074 million, attributable profit of £67
Lidl and B&M have submitted planning applications to build two retail outlets in DunBear Park, part of the Halhill development in East Lothian.
Anderson Anderson & Brown Corporate Finance (AABcf) has reported a growth in confidence in the M&A market throughout the third quarter of 2021 as it published its Deals+ Quarterly Market Review. After working closely with a number of acquirers this quarter, AABcf revealed that acquirers are
Perthshire-based manufacturing firm Dry Ice Scotland has announced a significant growth and investment plan after agreeing a multi-million-pound funding package with Nash Business Capital. Dry Ice Scotland is investing over £4 million in the development of a new production site near Dumf
The City of Edinburgh Council is putting more resources into supporting local business leaders by launching a new Growth Recovery Programme as the capital’s business community looks to survive and thrive following the past 18 months.
Glasgow-based not-for-profit lender DSL Business Finance Ltd provided over £5.6 million to Scottish SMEs and social enterprises in a record year despite the Covid-19 pandemic. The alternative finance provider saw its funding increase by nearly 25 per cent from £4.5 million in 2019 as it
Not-for-profit lender DSL Business Finance Ltd had a record year in 2020-21, providing funding of over £5.6 million to small and medium-sized businesses and social enterprises in Scotland, up from £4.5m in 2019. The Glasgow-headquartered alternative finance provider continued to assist e
Jasmine Limited, a printing and marketing business based in East Tullos, Aberdeen, has been sold as a going concern, saving all 22 jobs. The firm was the subject of a pre-pack administration sale to PFI Group based in Manchester which intends to continue operations in Aberdeen.
A quarter (25%) of young people in Scotland say a lack of knowledge is a key barrier to home ownership, with two fifths (39%) unable to confidently explain how a mortgage works, according to the latest research from Bank of Scotland. The survey of over 2,100 18 to 34-year-olds living in Scotland, fo
Student rent has increased almost 20% over the last year according to data released as part of the 2021 Royal Bank of Scotland Student Living Index. There has been a steep increase in student rent bringing the average monthly cost to £518, an increase of 18% from 2020.
Royal Bank of Scotland owner NatWest Group has posted operating profits before tax of £2.505 million. In the first half of 2020, the bank reported an operating loss before tax of £770m.
Asset & wealth management firm Asset Co has announced that it will pay £16.5 million for a 63% stake in Rize ETF, a thematic exchange-traded fund provider. Asset Co has also committed £5.25 million to help fund the growth of the business. The equity interest will be acquired fro
