Business

Insurance and reinsurance market Lloyd's of London has scrapped plans to downsize from the its tower office in London and is in talks to extend its lease.

Housebuilder Cala Group has revealed a strong first half of the year, with profit before tax (PBT) in excess of £98 million, a 26% increase on the 2021 half year PBT of £77.6m.

Equity investor BGF has reported strong deal flow in Scotland and Northern Ireland in the first half of 2022 with close to £25 million being invested into growing businesses, while exit activity has delivered a 3.5x return off four exits. BGF is a long-term patient investor, making initial inv

The Competition and Markets Authority (CMA) has launched a probe to investigate Microsoft's $69 billion (£58 billion) purchase of Activision Blizzard.

A competition hosted by the University of Strathclyde's entrepreneurship programme had students and alumni's start-ups stake their claims for funding.

According to new figures published by HMRC, Scotland has outperformed the rest of the UK with total exports up 5.7% for the year ending March 2022. As a whole, when excluding oil and gas, the UK's total exports is down 2.8%.

The abrdn New Dawn Investment Trust Plc has seen its net asset value (NAV) total return drop by 11.0%. The NAV drop is in line with the company’s benchmark MSCI All Countries Asia Pacific ex Japan Index (Sterling adjusted) total return of 9.2%.

Fintech Scotland has announced the core theme of this year's Scotland Fintech Festival will be celebrating collaborative innovation that is driving economic recovery. This will be the fifth FinTech Festival hosted by FinTech Scotland and will take place over four weeks in September and October. It i

International malting company Boortmalt has today opened the world’s largest kiln as it completes the expansion of its Buckie malting plant on the Morayshire coast. The business, which is one of the oldest malting businesses in the UK, has built the kiln and expanded its supporting buildings b

Advertising tech firm Blis has announced plans to expand in Scotland after being awarded a £1.4 million grant from Scottish Enterprise. The company will establish an R&D Centre in Scotland, enhancing the skills base of the country’s already vibrant digital sector. The move will deliv

TechHUB, a part of the Northern Innovation Hub (NIH), has secured £3.2 million from HIE to create a food and drink techonolgy centre. The funding includes £1.2m from the UK government as part of Inverness and Highland City-Region Deal.

Mark Logan has been appointed chief entrepreneur for Scotland as part of the national strategy for economic transformation. The new role's focus is to embed entrepreneurship in the economy, and that partnerships with industry and investors are prioritised and strengthened.

Edrington Group, the owner of The Macallan and Famous Grouse whisky brands, has seen its profits rise by 58% in the 12 months to March 2022. The firm's profits before tax came in at £271 million, while it benefitted from a 45% increase in core revenue to £821.2m and a 53% rise in core co

UK Export Finance, the UK’s export credit agency, has provided £6 billion in financing for UK SME exporters over the past 12 months as they continue to promote Britain as the champion of free trade.

The Scottish billionaire brothers, Sandy and James Easdale, have unveiled plans for their latest £2 million drive-through coffee location in Port Glasgow and are planning a raft of locations to follow across the UK. The new project will replace a former Department of Works and Pensions buildin