Business

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St Andrews-based Pneumagen, a clinical-stage biotech company, has raised £3.8 million to advance clinical development and manufacturing of its lead product Neumifil. The financing round was co-led by existing investors, Thairm Bio and Scottish Enterprise.

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Fife-based retinal imaging company epipole is set to grow its presence within the global ophthalmic imaging market after raising £1.3 million in new investment. The company’s handheld epiCam enables clinicians to record epiStreams - scans of the retina using real-time video - from which

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David Ferguson, the founder and former CEO of Edinburgh-based Nucleus Financial Group, has been appointed as CEO of investment technology firm Seccl. Mr Ferguson will join the Octopus Group-owned firm on April 4, subject to FCA approval.

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As more information emerges about the Omicron variant and restrictions begin to ease, Scotland’s GDP is expected to grow by 4.8% this year, according to new analysis by KPMG UK. With Omicron posing a milder setback than earlier strains, KPMG expects all regions and nations to reach their pre-C

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A fresh analysis undertaken by the Scottish Retail Consortium (SRC) estimates shops in Scotland have missed out on £5.8 billion of retail sales during the past two years of the Covid pandemic.

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Total retail sales in Scotland increased by 15.6% compared in December, compared to the same period the year before, when they had decreased by 16.6%, according to the latest Scottish Retail Consortium (SRC) and KPMG Retail Sales Monitor.

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The Scottish National Investment Bank (SNIB) has announced a £4.45 million investment into Highland Coast Hotels to help to support more sustainable and community-led hospitality around the North Coast 500 tourist route. The investment will support tourism and employment opportunities in a rem

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Amazon has scrapped plans to block UK Visa credit card payments this week, amid dispute resolution talks over payment fees. In a statement released yesterday, Amazon said: "The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19."

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Scotgold Resources, the gold exploration and production company focused on Scotland, has announced that it recorded its highest gold concentrate production in December since its first gold pour at its Coconish mine. A total of 101 tonnes of concentrate has been produced, equating to c.700

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