News

Joint administrators Craig Morrison and Brian Milne, managing directors of business advisory firm Quantuma, have facilitated the sale of a streaming service developed by Glasgow-based Frog Systems, for an undisclosed sum. Cheshire-based wellbeing company Raiys has acquired Ashia, a 24/7 digital

Waitrose has announced it is ramping up investment in its store portfolio with plans to open up to 100 convenience shops across the UK over the next five years.

Michelin Scotland Innovation Parc (MSIP) has welcomed a further 14 businesses to its accelerator programme. The MSIP Accelerator, which contributed £6.4 million to the national economy in the last three years, has already helped 41 businesses achieve success as a direct result of participating

Scottish-owned electric vehicle (EV) charging network and installation business Connekt Group has secured a £250,000 Investment Fund for Scotland (IFS) loan via appointed fund manager The FSE Group. The funding will be used to develop Connekt’s first three rapid charging hubs, enabl

Macfarlane Group has posted an 8% year-on-year reduction in its pretax profits from £10 million to £9.7m for the first half of 2024. Likewise, overall revenues fell 8% from £141.6m to £129.6m. This was largely driven by an 11% revenue drop in the packaging distribut

Accountancy firm Wbg has advised shareholders planning on using business asset disposal relief (BADR) through a members voluntary liquidation (MVL) process to consider acting sooner rather than later as the likelihood of a bump in capital gains tax (CGT) rises. The advice follows figures from the Of

The Abernethy Pearl has been sold at auction for £93,951, more than 50% above the initial estimate.

Sterling Sinclair Removals Group (SSR) has added to its growing portfolio with the acquisition of Tillicoultry firm Glen Transport. The six-figure deal marks SSR’s second such deal in less than a year following the takeover of Britannia Edinburgh Removals.

Edinburgh-based specialty pharmaceuticals business Kelso Pharma has appointed former Big Four accountant and experienced pharmaceutical executive John Rooper as director of corporate development. With a wealth of experience in the life sciences sector after working at Ernst and Young (EY) in a senio

Edinburgh-headquartered Zumo, a B2B digital assets infrastructure provider, has signed the Abu Dhabi Sustainable Finance Declaration, furthering its commitment to environmental sustainability within the financial services sector as it expands its presence in the region. The Abu Dhabi Sustainable Fin

Insurers and brokers have improved governance and oversight of how products are designed, managed, reviewed, and distributed, but many still cannot show how they are providing fair value to customers or that they were receiving good outcomes, the Financial Conduct Authority (FCA) has said. In a repo

Glasgow has recorded the highest average annual price growth of new build apartments of the UK’s six biggest cities outside London, according to research from global property advisor JLL.

Wood Group reported a significant pretax loss of almost $1 billion (c. £770m) in the first half, primarily due to an impairment charge related to its 2017 acquisition of Amec Foster Wallace. Despite this, the company remains optimistic about its future, with CEO Ken Gilmartin emphasising plans

The UK government has revealed it is considering introducing a 'right to switch off' for workers, allowing them to ignore work-related communication outside of working hours. The move aims to boost productivity and economic growth by preventing the blurring of lines between work and home life, Sky N

The Scottish National Investment Bank has posted a £14.6 million pre-tax loss while committing £224.6m to 20 companies in its third year. The 2023/24 investment enabled a further £400m in additional investment alongside the bank.