News

Scottish cleantech bioscience firm Penrhos Bio has successfully secured a further £3 million in capital through its Series A funding round. The raise comes from a consortium of investors including St Andrews-based firm Eos, New York branding partner Earthbound Brands LLC, and Scotland’s

Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer. Despite the overall drop, Scottish companies portrayed an upbeat attitude regarding their individual business outlooks, noting a

Scottish Registered Social Landlords (RSLs) have shown resilience, securing £578 million in new financing and maintaining the confidence of both lenders and investors.

Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions. Increases to the comp

Shepherd Chartered Surveyors has elected managing partner Ian Fergusson as its new senior partner and successor to George Brewster, who is to step down from the position he has held for the last 16 years. Both Mr Fergusson and Mr Brewster have worked closely alongside each other for over 30 years&nb

Fife Council's Economic Development Team in partnership with Fife College have invited local businesses working in the finance and business services sector to attend a business breakfast meeting next week.

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

A woman has successfully obtained a court order to evict her two adult sons, who declined to move out while refusing to pay rent or perform chores. The 75-year-old woman from the northern Italian city of Pavia was forced to go to court to resolve the situation with her two sons, aged 40 and 42, The

Edinburgh-based payment orchestration innovator BR-DGE has unveiled a strategic collaboration with digital trust & safety firm Sift to bolster the defence against payment fraud for merchants. The partnership facilitates BR-DGE merchants to leverage Sift's advanced machine learning platform for r

Digital bank Monzo has progressed to advanced discussions regarding a funding round of over £300 million.

An Edinburgh-based deep-tech robotics and agri-tech business, Crover, has been awarded £50,000 in funding to further its study of artificial intelligence (AI) solutions. The firm secured Innovate UK funding to progress their study of remote autonomous operations of a grain-swimming robot.

Scotland's hotel sector has experienced robust performance this summer, with luxury hotels playing a pivotal role in the post-pandemic recovery, average room rates have grown as well as revenues per available room across Scotland.

An ensemble of international investors are set to share their insights on how Scottish companies can maximise their scale-up ambitions at this week’s Invest2Scale gathering in Edinburgh. The group includes US-based investors Rose Vitale, the founder of FundHER World Capital; Aman Verjee, gener

C&A Thomason, a family-operated mussel farm based in North Yell, Shetland, has made significant enhancements to its operations thanks to a funding injection of £70,380 from Highlands and Islands Enterprise (HIE). The financial boost has enabled the Shetland business to procure equipment fo

The UK Supreme Court has ruled that a Scottish company director had acquired a securities option from his company as part of measures to financially rescue it and became subject to income tax after an appeal against an Inner House decision to the opposite effect was made by HM Revenue and Customs. V