News

Law firm Burges Salmon has strengthened its pensions and lifetime savings practice in Scotland with a number of strategic hires, including new senior lawyer, joining the firm’s Edinburgh office. Mairi Carlin joins as a professional support lawyer. Previously a pensions legal director at Pinsen

Scottish biopharmaceutical firm Aurum Biosciences has successfully raised nearly £730,000 in the initial phase of its latest equity funding for advancing its state-of-the-art therapeutic and diagnostic technology. The funding round – which will be split across two tranches – has be

FRP Advisory has sold AMTE Power's Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs. LionVolt is a subsidiary of LionVolt B.V., a group based in Eindhoven, Netherlands – a battery innovator that develops ‘3D’ solid-state b

The British Business Bank has made its first major deal from the £150 million Investment Fund for Scotland, with a £750,000 equity investment, through appointed fund managers Maven Capital Partners into medical technology business Carcinotech. Edinburgh-based Carcinotech has raised &poun

First Minister Humza Yousaf is visiting London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services. The latest evolution of the partner

Lloyds Banking Group is set to cut approximately 1,600 jobs across its branch network as part of a strategic overhaul driven by the increasing trend of online banking. The restructuring initiative, affecting Lloyds, Halifax, and Bank of Scotland, aims to adapt to changing customer preferences and en

Scottish tree management and weed control firm Complete Weed Control has secured a significant contract with North Lanarkshire Council, following its strategic £240,000 investment in a state-of-the-art Merlo Roto compact tree removal machine. The versatile telehandler enables the removal of ne

Loganair's CEO, Jonathan Hinkles, has suddenly stepped down after leading the airline for more than seven years.  The unexpected announcement, made on Thursday evening, took many by surprise, and Mr Hinkles cited the toll of leading the airline as the reason for his swift departure.

A pastor who admitted pocketing more than $1 million (around £0.78m) from his followers says the Lord told him to.

Harbour Energy has secured 34,000 sq ft of Grade A office space at Aberdeen’s Prime Four Business Park in Kingswells, in a deal brokered by independent commercial property consultancy Knight Frank. The energy company will occupy the entirety of Unit 9 at Prime Four. The modern two-storey offic

Lismore Real Estate Advisors has facilitated the £13.965 million sale of South Gyle Trade Park in Edinburgh on behalf of abrdn, with Rossco Properties (Edinburgh) Ltd emerging as the acquirer. Set on a site of 12.31 acres, within Edinburgh’s premier industrial location, the multi-let est

Two senior figures in the Scottish business community have taken on non-executive roles at a subsidiary of the charity Lar Housing Trust. Ed Monaghan, former CEO at housebuilder Mactaggart & Mickel, and Andrew Cowan, managing partner at solicitors TC Young, have been appointed to the board of La

Edinburgh-based Spotless Commercial Cleaning Ltd has expanded its operations with the acquisition of Ashdown Cleaning, a Norwich-based company, adding a further 100 staff to its growing UK team. The addition of the business, purchased for an undisclosed sum from its retiring founder, bolsters Spotle

Persimmon North Scotland has appointed Michelle Cameron as its new finance manager. Ms Cameron, a management accountant, joined the housebuilder earlier this month from Taylor Wimpey, where she served as finance manager for the last eight years. Prior to her career in house building, Ms Cameron work

Port Glasgow-based McLaren Packaging has acquired Bathgate-based protective packaging company Glenhaze for an undisclosed sum. Glenhaze is a market leader in the production of sustainable, paper-based, and innovative product protection for the spirit, glass manufacturing and e-commerce sectors.