News

BrewDog has posted a £59 million pre-tax loss for 2023, marking the Aberdeenshire-based craft beer company's fourth consecutive year of losses. This follows losses of £12.5m in 2020, £9.4m in 2021, and £30.5m in 2022. The company last recorded a pre-tax profit of £1.1m

Dundee-headquartered Thorntons Wealth Management, with offices in Aberdeen and Edinburgh, has acquired Edinburgh-based financial planning firm Robson Macintosh. The deal completed on 27 September and brings the combined assets under administration and management for Thorntons Wealth Management and T

Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to experience a year-on-year increase after a difficult 2023, according to new research from the British Business Bank. The Bank’s annual Nations & Regions

A western company suffered a major data breach after inadvertently hiring a North Korean cyber criminal as a fully-remote worker. A cyber security firm said it assisted the company, which has not been named, after the former contractor downloaded company data and sent a ransom demand.

SGN has announced that Simon Kilonback will become its new chief executive officer. He joined the energy network business in September 2023 as chief financial officer and will take over from Mark Wild who is leaving to run the high-speed rail project HS2.

Investing Women Angels (IWA) has announced it will back a series of investment rounds over the next four months that is set to raise more than £4.5 million for four female-founded companies in Scotland. They include Cytochroma, an innovative life sciences company which IWA initially supported

Canadian decarbonised heating specialist Noventa Energy has acquired three innovative heat from wastewater assets from Scottish Water Horizons located in Glasgow, Stirling and Campbeltown, for an undisclosed sum. The acquisition was funded by infrastructure manager Ancala. The firm invested in Noven

Pinsent Masons has appointed Edinburgh-based partner Walter Clark to join its UK financial services corporate team. Mr Clark is an M&A lawyer with a primary focus on deals in the financial services sector across the UK, particularly for clients with a strong presence in Scotland.

Wright, Johnston & Mackenzie LLP (WJM) and Irwin Mitchell Scotland recently hosted a special Indonesian business outreach event in Glasgow.

Edinburgh has retained its position as the most attractive city for UK regional hotel investment for the fourth consecutive year running, and has moved up one spot to ninth most attractive in Europe, according to Deloitte. Over half (54%) of respondents to Deloitte's 2024 European Hotel Industry and

Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship, according to analysis from the Institute for Public Policy Research (IPPR). Despite recent claims in the media by a few wealthy individuals, the think tank has consulted with several mill

Global investment company abrdn is calling for urgent measures to be brought in to protect and support listed smaller companies in the UK – including immediately abolishing stamp duty on FTSE 250 shares. This comes following the launch today of a report by New Financial, the influential think

Johnston Carmichael has partnered with European accelerator and early-stage advisory firm Mountside Ventures to empower emerging VC managers and bolster the fundraising system. The firm was selected as Mountside Ventures’ Emerging VC Managers Accelerator Programme’s sole accountancy

A former walled garden within an historic estate with links to Robert Burns and Winston Churchill could soon be brought back to life as a private distillery.

Grant Thornton UK has attracted interest from several private equity firms. Cinven, EQT, and New Mountain Capital (backer of Grant Thornton's US business) are reportedly shortlisted to acquire a stake in the firm. The deal could value Grant Thornton UK at over £1.5 billion.