News

First Minister Nicola Sturgeon and the Lord Mayor of London William Russell are spearheading a joint effort to grow the Scottish green finance sector. On Tuesday they will co-chair a green finance roundtable in Edinburgh, bringing together prospective and current investors in the sector and prominen

Companies are benefiting from £170,000 of Scottish Government funding to use artificial intelligence (AI) to help tackle the global climate emergency. Six applicants have been chosen to develop AI-enabled technology through the Can Do Innovation Challenge Fund, managed by Scottish Enterprise.

Engineering design and manufacturing firm Albacom is set to expand after raising £500,000 to develop its business in new markets. Albacom secured a £400,000 loan from the Scottish Loan Scheme (SLS), part of the Scottish Government’s Scottish Growth Scheme, which is administered by

The £8.5 billion Lothian Pension Fund has adopted a new system developed by Charles River, allowing the fund to streamline its investment management programme. Lothian Pension Fund is one of the largest projects of its kind, with over 85,000 members and an estimated 90 employers.Charles River

Scottish companies considering a listing will hear from a panel of experts on how it can work best for their business at an IPO dinner hosted by Pinsent Masons and EY. Gordon McArthur, chief executive of fintech company Beeks Financial Cloud Group, which floated in 2017, and corporate finance expert

New York City Council has voted to ban cashless shops and restaurants.

Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Glasgow, have been appointed joint administrators of Houseology Design Group Limited in relation to the company’s e-commerce division, Houseology.com. The company, which was incorporated in April 2010, trades as a

Lloyds Banking Group has said it will write off tens of millions of pounds of debts to almost 200 fraud victims who were hit by the HBOS scandal.

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021. The Glasgow-based group said that the board has initiated a search process to allow time to identify his successor an

Par Equity had a record-breaking final three months in 2019, securing one exit, battery technology expert Dukosi, and orchestrating 11 investments. Edinburgh-based Par Equity, which specialises in investing in young, high-growth companies, saw London-based managers join them in putting money in

RBS has today announced a new £1 billion fund through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses. The bank has also announced that it is setting a target to support and inspir

Archaeological services provider GUARD Archaeology Limited is the latest business in Scotland to become employee-owned, with 32 members of staff given a stake in the business. The company, which has offices in Glasgow and Edinburgh, provides a wide range of archaeological services throughout Scotlan

Michael Reid, insolvency partner at Aberdeen-based Meston Reid & Co, discusses whether voluntary liquidation is a practical response to IR35. New legislation that goes live this April could be the death knell for many personal service companies active in the north-east of Scotland, but perhaps o

David Griffiths, Conrad Beighton and Paul Masters of Leonard Curtis Business Rescue & Recovery have been appointed as joint administrators of The Burger Chain Limited. The company has 18 restaurants across the UK, with two in Glasgow and branches in Aberdeen and Edinburgh.

HM Treasury, following the advice of the board of the Financial Conduct Authority (FCA), has appointed Christopher Woolard as interim chief executive. Mr Woolard will take on the chief executive role following Andrew Bailey’s departure to become governor of the Bank of England.