Business

Scottish native cloud platform specialist, Forrit, has received a £5 million funding boost from the Scottish National Investment Bank. The investment will enable the Edinburgh-based technology developer to grow its workforce and target new markets.

The median FTSE 100 CEO package increased by 12% last year, from £3.72 million in 2021 to £4.15m in 2022 – based on Deloitte's analysis of data from the first 55 companies to publish their 2022 annual reports.

The London stock market saw a sluggish beginning to 2023, as only five issuers raised a mere £81 million in the first quarter of the year. The main market had just two IPOs, raising a total of £63m, while the Alternative Investment Market (AIM) had three admissions, raising £18m. T

International investors are prepared to play the longer game when it comes to property purchases in Scotland, according to Lindsays partners Derek Nash and John Bett, who have said there remains “definite” interest from potential overseas buyers in the Scottish market. But the two a

Bridging Finance Solutions has revealed plans to expand into Scotland as part of the national specialist lender's ongoing development plans. The Wirral-based firm, whose growth has averaged a rate of 30% for the past five consecutive years, is now making bold moves into Scotland, forging partnership

Despite a decline in profits due to increased energy costs, iomart Group has said it expects to report record revenues of £115 million in its June full-year financial results. In its latest trading update, the Scottish cloud computing firm estimated adjusted EBITDA to be at £36.2m, and a

Ocean Kinetics, a Scottish engineering firm celebrating its 30th anniversary this year, has secured several new contracts and plans to recruit apprentices, trainees, and skilled tradespeople in 2023. With offices in Lerwick, Aberdeen and Oban, the company provides engineering services to the marine,

EQ Accountants has supported Surface Heating Systems Ltd (SHS) with a vendor-initiated management buyout (VIMBO), allowing the owners to release some value from their business and put a robust succession plan in place. Founded in 1997 by directors Mick & Helen Cummings and Andrea Blyth, SHS

A Scottish agritech firm specialising in the next generation of green insecticides has secured a further round of investment totalling £4 million to scale up the development of its nature-inspired pesticides. Investment in SOLASTA Bio's pre-Series A funding round was led by Yield Lab Europe. O

Scottish-based plant hire company, Morris Leslie Plant Hire has acquired Harborough Hire Centre based in Market Harborough, Leicestershire. The sale, which was concluded on Friday, 31st of March for an undisclosed sum, sees Morris Leslie Plant Hire increase its UK wide depot network to 15, providing

Dunedin Advisory has to been announced as the first place winners on the Business Gateway Specialist Advisory Services framework (previously known as Expert Help).

A continuing surge in contracts within the booming Scotch whisky industry has led specialist process engineers and sustainability experts, Briggs of Burton, to open a new Scottish hub. Since 2010, when Briggs of Burton completed its first Scottish project with Loch Lomond Distillery, the company has

Scotland's Social Print and Copy (SP&C) secured £250,000 in funding from Social Investment Scotland (SIS) to drive job creation and business growth. The Edinburgh-based social enterprise plans to triple its workforce within two years as it expands nationally. The funding will support SP&am

The Scottish National Investment Bank has invested a further £20 million to help connect 100,000 rural homes to ultrafast fibre broadband. The bank originally provided cornerstone funding of £20m to Lothian Broadband Networks (LBN) in 2021. LBN will use the additional funding to complete

DM Hall has acquired a long established Edinburgh architectural reporting business, AWA, for an undisclosed sum. AWA offers an architectural reporting service that gives solicitors and home owners peace of mind when alterations have been carried out without consent, either confirming that no consent