News

UK investment platform Hargreaves Lansdown has confirmed it is prepared to recommend a £5.4 billion takeover offer from a private equity consortium led by CVC Capital Partners. The deal, valuing the company at £11.40 per share, comes after several rejected approaches and a turbulent peri

UK consumer price index (CPI) inflation fell to the Bank of England’s 2% target in May, driven by lower food and core inflation.

An accounting graduate from the University of Dundee is has left the university not only with a degree, but also as CEO of a newly established business. Isaac Jarman, 23, graduated with a BAcc (Hons) in Accounting from the University’s School of Business yesterday. He is one of 137 busine

A former director of a haulage firm has been imprisoned for 16 months over a fraud involving police escort contracts. James Campbell altered paperwork for services provided to the firm by police in Scotland and Wales and overcharged a Spanish company by £110,000 for the transportation of wind

US bank Wells Fargo has fired several employees after claims that staff were faking keyboard activity to make the company think they were working when they were not.

The Institute of Chartered Accountants of Scotland (ICAS) has urged the next UK government to prioritise audit and corporate governance reform to rebuild trust in businesses and safeguard livelihoods. The call is part of ICAS’ five key asks for the next government aimed at building a more sust

Michelin Scotland Innovation Parc (MSIP) has reported significant economic impact within its first three years of operation. The Dundee-based hub, a joint venture between Michelin, Dundee City Council, and Scottish Enterprise, has fostered substantial growth, with the MSIP Accelerator Programme cont

Advance Construction (Scotland) Ltd has made an equity investment in Northern Piling Ltd (NPL), a Scottish specialist piling contractor.

House prices in Scotland rose by 4.5% in the 12 months to April 2024, reaching an average of £190,000, according to the Registers of Scotland.

The productivity of mid-sized businesses (MSB) in Scotland is being dragged down by a lack of key skills, according to new data from leading business and financial adviser Grant Thornton UK LLP.

Company insolvencies in Scotland rose by 22% year-on-year in May 2024, reaching 118. The latest data from the Insolvency Service showed this was comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no receivership appointments.

Edinburgh-based biotech firm OGI Bio has secured follow-on funding of £650,000 in a deal led by TRICAPITAL Angels and supported by Scottish Enterprise, Merleview, Apollo, and Old College Capital. The funding will accelerate OGI Bio's expansion in the UK, EU, and US biotechnology sectors.

Grouse Lettings, a residential property management and leasing business, has expanded its property portfolio by 295% following two acquisitions. The Aberdeen firm has acquired Babs Buglass Leasing and the long-term lettings side of the PMC Property business. The combined valued of the deals is six-f

CMS has launched a new team to support Scottish-based businesses in managing the opportunities and challenges of environmental, social and governance (ESG) issues. Led by Edinburgh-based partner Gordon Hay and senior associate Dr Amanda Cooke, the new Scotland ESG team draws on the depth of the firm

Stirling-based nanomaterial producer iGii has secured £8.8 million in new funding to accelerate growth. The funding round was led by a £4m injection from the Scottish National Investment Bank, with a further £4.8m coming from existing iGii shareholders Archangel Investors and Par E