News

Mark Bustard, CEO of The Industrial Biotechnology Innovation Centre (IBioIC), details Scotland can grow a clean, sustainable economy in the wake of the coronavirus pandemic.  The idea of a net-zero carbon emissions and zero waste economy isn’t as far- fetched as some may think. The k

Virgin Money, the owner of Clydesdale Bank, has launched a new £400,000 Community Anchors’ Fund, in partnership with the HFD Charitable Foundation to help community groups in Glasgow. The fund has awarded the first ten of up to 30 grants to support community groups whose activities have

The majority (90%) of medium-sized businesses in Scotland can only continue trading for up to nine months with current funding arrangements, according to new research from accountancy and business advisory firm, BDO. BDO’s second Re-thinking the Economy survey reveals that medium-sized busines

The closure of courts due to the coronavirus lockdown led to a complete halt in the prosecution of high-value fraud cases in Scotland during the first half of 2020, according to data from KPMG. The firm’s bi-annual Fraud Barometer measures fraud cases with losses of £100,000 or more reac

The Industrial Biotechnology Innovation Centre (IBioIC), the specialist body set up to stimulate growth in the Industrial Biotechnology (IB) sector, has appointed Dr Lynsey Dunbar as senior business engagement manager to help increase funding for Scotland's bioeconomy.  This newly created

A survey of more than a thousand businesses across the Highlands and Islands shows a marked decline in confidence in Scotland’s economic outlook.

UK manufacturing activity reached a 16-month high last month, marking the fastest expansion since November 2017, according to the latest IHS Markit/Cips UK manufacturing purchasing managers’ index (PMI).

A treasure hunter who posted his rare finds online has been arrested for allegedly plundering archaeological sites with a metal detector.

NatWest Group has allocated an extra £2.8 billion to cover potential losses from an increase in bad loans issued during the coronavirus crisis. The bank's interim results have revealed that NatWest has suffered an operating loss before tax of £770 million compared to the bank's £2.

Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in today by the UK government. Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy paym

TSB Bank has posted a £66 million pre-tax loss for the first half of this year as it allocates £87.5m for bad coronavirus loans. The bank's interim results revealed the bank had seen a statutory loss before tax of £65.5m, compared to a pre-tax profit of £21.1m in the first ha

Independent Scottish craft brewer Broughton Ales has launched a £100,000 crowdfunding campaign to secure the business amid the coronavirus pandemic.  The funding will be used to help secure the business in the long term and help prevent any potential closures after the brewery lost a subs

Glasgow-based civil engineering firm MHB Consultants has become employee-owned, with 40 members of staff given a stake in the business. The engineering design consultancy, founded by managing director Hendrie Barbour in 2006, specialises in bridge design, civil and geotechnical engineering, temporar

Ediston and Orion Capital Managers have submitted plans for one of the largest developments to come forward in Edinburgh’s city centre for a generation. The two have been working together on their shared vision for New Town Quarter, previously known as New Town North, since last year and have

NatWest Group has announced that Baroness Noakes DBE will step down as a non-executive director at close of business today. Morten Friis will succeed Baroness Noakes as chairman of the Group Board Risk Committee with effect from 1 August 2020.