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Edinburgh-based asset manager Circularity Capital has announced the oversubscribed final close of its second fund at €215 million. The Circularity European Growth Fund II is three times larger than Circularity Capital’s debut fund of £60 million, which closed in 2018, and makes it t

The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the Bank’s presence north of the border. Mr McCulloch takes over from Ian Mitchelmore who is stepping down due to retirement.

The abrdn Asian Income Fund Limited has seen its Net Asset Value (NAV) total return rise by 11% in the year ended 31 Decemebr 2021. The fund's share price total return also rose by 5.2%. Ian Cadby, chairman, confirmed that the company has delivered an “excellent performance for the 12 months t

Craig Alexander Rattray, a Glasgow-based growth strategist and cash expert, is launching a new initiative to help SME owners take better control of their businesses. A part-time finance director to many ambitious growing companies, the former venture capitalist and corporate financier has spent more

Grant Thornton UK has revealed that Dave Dunckley has been appointed as the firm's chief executive officer (CEO) for a second term. In line with the firm’s membership agreement, the partnership voted for Mr Dunckley to serve a second four-year term from December 2022.

Almost half (48%) of retired Scots admit they are worried about potentially running out of money in retirement, according to new research published by abrdn.

Plans to end Covid protections for commercial tenants could trigger a spate of tenant insolvencies, a restructuring expert at Azets has warned. The remaining restrictions on winding up petitions for the pursuit of unpaid commercial rent will be removed from 1 April 2022. The current 14-week irritanc

The rising cost of living is having a detrimental impact on savings across Scotland, according to a new report by Accenture. The survey of 184 adults in Scotland found that almost two-thirds of respondents (65%) said the rising cost of living had impacted their ability to save money, while over a th

Jason Morris has been appointed regional leader for PwC in Scotland, replacing Claire Reid, who is leaving the role to become UK head of forensics. Mr Morris is a transaction services partner, based in Edinburgh, where he leads the 80-strong Deals practice.

Almost half (45%) of British firms have reported difficulties adapting to changes in rules for buying or selling goods brought about by the UK-EU Trade and Cooperation Agreement (TCA).

Glasgow Prestwick Airport has delivered an encouraging performance over the last 12 months, with total operating profit before exceptional items at £0.5 million. The business has shown a steady improvement in performance since the 2016/2017 accounts when operating losses stood at £7.8m.

Businesses in the Highlands and Islands continue to be challenged by increasing costs, economic uncertainty and supply chain issues, according to the latest business panel survey undertaken by Ipsos MORI for Highlands and Islands Enterprise (HIE). More than a thousand businesses in the region were c

The Aberdeen Standard Equity Income Trust PLC, a company managed by abrdn, has seen its Net Asset Value total return rise by 39.8% in the year ended 30 September 2021. By contrast, the reference index for the company, the FTSE All-Share Index, delivered a total return of 27.9% placing the compa

Ross Stupart, tax partner and RSM UK’s office managing partner in Edinburgh, outlines his expectations for the Scottish Budget set to be announced tomorrow. Hot on the heels of the UK Autumn Budget on 27 October 2021, the Finance Secretary Kate Forbes will deliver the Scottish Budget on 9 Dece

The efforts undertaken to tackle fraudulent applications to the Bounce Back Loan scheme have been deemed "inadequate" by the National Audit Office (NAO). According to a new report, 'The Bounce Back Loan Scheme: an update', counter-fraud activity was "implemented too slowly to prevent fraud effective