News

Scottish Enterprise has written off nearly £30 million in failed investments and recorded £106m from company sales in its most recent financial year. The agency, which provides loans, grants, and investments to businesses, recorded a total write-off of £29.9m from 111 companies for

UK Finance has unveiled its housing and mortgage market forecasts for 2024 and 2025, alongside a review of 2023 showing that the UK mortgage market has experienced significant pressures in 2023 due to rising interest rates and increasing household costs.

Scotland’s Towns Partnership (STP) has appointed Kimberley Guthrie as its new chief officer. She has taken up the permanent post after carrying out the role on an interim basis since the beginning of April.

The Scottish private sector has experienced a continued decline in activity in November, as highlighted by the latest Royal Bank of Scotland PMI. At 47.1, up from 46.5 in October, the Scotland Business Activity Index posted below the crucial 50.0 mark for the third month running. The decline in priv

Scotland is continuing to lead the way in the creation of green jobs, with the highest proportion of roles advertised compared with other areas of the UK. According to PwC UK’s latest Green Jobs Barometer Scotland is one of only two nations or regions, alongside Northern Ireland, to have recor

MEININGER, an international hotel chain, has announced it will expand its footprint to Edinburgh by transforming a 1970s office building into a new hotel. The project, a collaboration with property developer S Harrison, will refurbish Osborne House in the Haymarket area into a 157-bedroom hotel, fea

Edinburgh-based Murray Capital, a family-run business led by David and Keith Murray, has posted a profit before tax of £4 million for its latest financial year. The firm has a diverse portfolio of interests. Its principal activities are the provision of metal stockholding, processing and distr

Factors Direct, the property factoring company launched earlier this year by Glasgow-headquartered Cairn Group, has acquired Clyde PM, the factoring arm of estate agent Clyde Property, and the Scottish arm of Glasgow-based Nationspaces Developments which operates across all aspects of property manag

The UK government has set out plans for a fresh crackdown on companies dodging strict trade sanctions, including those imposed following the Russian invasion of Ukraine last year. A new Office of Trade Sanctions Implementation (OTSI) is to be established in early 2024 with responsibility for the civ

In a significant boost for Edinburgh's economy, the Edinburgh International Conference Centre (EICC) has achieved its strongest ever pipeline by securing 40 major conferences and events for the next 12-36 months. This record-setting pipeline is expected to bring approximately 20,000 delegates to the

A construction team in Ohio has moved an apartment building from one part of a town to another. The apartment building in Findlay was previously on Grand Avenue near the YMCA, and it was moved to West McPherson Avenue to serve as the bones for a new apartment project.

KPMG has entered discussions to merge its UK and Swiss operations in a move that could significantly impact the firm's growth and profitability.

The board of Smart Metering Systems (SMS) has received a cash acquisition offer from American global investment firm KKR worth over £1 billion.

The Medical Device Manufacturing Centre (MDMC), a consortium led by Heriot-Watt University in Scotland, has received a significant financial boost with an additional £3.35 million funding from Scottish Enterprise. This investment, announced by the Scottish Government’s Cabinet Secretary

November marked a significant turnaround in Scotland's recruitment sector with a renewed rise in hiring activity, as revealed by the Royal Bank of Scotland Report on Jobs.