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The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.

In 2021, deals led by angel syndicate members of LINC Scotland secured in total £146 million funding for young companies with high growth potential, almost double the amount raised in 2020, and 70% higher than the record set in 2019. Before the pandemic struck, 2019 had been a high point in th

James McMillan, director at law firm Anderson Strathern, warns that Scotland has become an international hotspot for financial crime. In the UK context when you think about white-collar crime over the last couple of decades, names like Barings Bank, the Bank of Credit and Commerce International (BCC

Dyneval, the Roslin-based biotechnology start-up, has secured more than £1.8 million of funding from investors as it expands its team and gears up to launch its first product at the start of 2022. The company has raised £1.29m of Series A equity investment through a collaborative funding

Digital bank Monument has announced that the Prudential Regulation Authority and Financial Conduct Authority have lifted deposit restrictions on its licence, so it can now operate as a fully-licensed deposit taking bank. Monument is the first neo-bank to be launched in the UK specifically to me

Female-founded, equity-backed businesses across the UK have now closed the gender funding gap in GreenTech, according to a new report from the Female Founders Forum, a partnership by think tank The Entrepreneurs Network and Barclays. As global and business leaders gather in Glasgow for COP26, the re

Kelvin Capital has said it expects to triple its annual investment volume this year after putting £28.4 million into eight businesses in the first three quarters. The Glasgow-based syndicate has secured around £60 million for its portfolio companies in the last four years.

Cryptocurrency scammers made off with more than £1.5 million after duping investors into buying a fake currency named after hit Netflix show Squid Game.

A judge who was caught playing cards during a remote court hearing in a case worth nearly €100,000 has apologised. Madam Justice Jolaine Antonio, a judge of the Alberta Court of Appeal in Canada, admitted in a letter that there was "no excuse for causing litigants and their counsel to feel unhe

Drinks giant Diageo has launched its landmark Johnnie Walker Princes Street visitor experience store. Four and a half years in the making, Johnnie Walker Princes Street is the centrepiece of the firm's £185 million investment in Scotch whisky tourism in Scotland.

Edinburgh-based golf tech developer Shot Scope has secured £1.5 million in funding from Clydesdale Bank owner Virgin Money to help the company scale globally. Shot Scope provides wearable, global positioning, laser and shot tracking devices designed to aid decision making and improve golf

Throughout the last six months, the investment team for BGF Scotland has invested close to £33 million across 10 Scottish growth businesses. Growth capital investor BGF provides funding of between £1m to £15m for a minority equity stake. It backs ambitious teams across a range of s

UK accountants are no longer allowed to audit in Ireland as Brexit accelerates the separation between company law and other regulations between the two countries. Last week, the Institute of Chartered Accountants in England and Wales (ICAEW) ceased to be a recognised professional body in Ireland. Th

Edinburgh Biosciences (EBS) has signed a major international licensing and equity investment deal in China, as the company aims to take cataract treatment from the operating theatre to the high street. The licensing deal is with China’s Haoguang, a wholly-owned subsidiary of Boye Biotech.

The Scottish Startup Survey 2021, run by the Engage Invest Exploit (EIE) team at the University of Edinburgh’s Bayes Centre, has revealed how Scottish startups have been faring throughout the pandemic. A total of 75 startups drawn from EIE alumnus companies - EIE has supported over 500 tech st