News

Scottish energy solutions firm ICR Group has reported a record turnover of £41.7 million for the financial year 2022-23, representing a 20% increase from the previous year. Since launching in 2011, the company has seen robust growth driven by its primary energy sector operations, an internatio

Glasgow-headquartered Smart Metering Systems (SMS) has reported robust growth in the first half of 2023, with its index-linked recurring revenues (ILARR) growing 13.3% to £110 million from £97.1m. The firm's smart meter portfolio, which includes meter assets, energy data, grid-scale batt

The Scottish boutique hotel sector has witnessed a substantial surge in transaction volumes in H1 2023, reaching £71 million, making up 43% of all deals year-to-date, according to Savills.

Scottish battery manufacturer AMTE Power has secured a £1 million bridging loan from Arena Investors LP, providing a lifeline to the company as it was on the brink of administration due to financial distress. The funds will be allocated in two tranches of £0.5m each, with the first tranc

Alison Rose, CEO of NatWest, has resigned following a row involving Nigel Farage, the former UK Independence Party leader and current GB News host. The row centred around the decision of Coutts, NatWest's private banking business, to close Mr Farage's account, allegedly due to his political vie

Integrity365 Ltd, a UK-wide financial advisory service, has acquired MacDonald Partnership and Hart Wealth, the financial advisory arm of Hartinsure Limited. The expansion strengthens the Bristol-based firm's Scottish footprint, tapping into MacDonald Partnership's long-standing reputation in Arbroa

Advice Direct Scotland has revealed a significant rise in online investment scams this year, resulting in Scottish residents losing at least £120,000 to cyber criminals. The spike in fraudulent activity has largely been attributed to the misuse of social media platforms, such as Facebook, Twit

Energy firm Drax Group has received approval from the Scottish Government to construct a new £500 million underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The decision, made through the Section 36 process, represents a significant step in Scotland's journey t

Virgin Hotels has appointed Mafalda Moura Albuquerque as the new general manager for its Edinburgh property. With over a decade in the sector, Ms Albuquerque brings a wealth of experience from her previous roles at hotels such as the five-star Kimpton Blythswood Square, Voco Grand Central, and Crown

Pinsent Masons is preparing for further growth with a move to a landmark Glasgow city centre office after signing up to become the first tenants of the £35 million Lucent Building, which is being developed by Orion Capital Managers.

The initial tweet of Twitter co-founder Jack Dorsey, which sold for an impressive $2.9 million (around £2.26m) as a non-fungible token (NFT) in 2021, is now worth less than $2,000 (around £1,560). Iranian crypto entrepreneur Sina Estavi, who purchased the Dorsey NFT, which reads "Just se

Highlands and Islands Enterprise (HIE) has established a new fund to boost innovation in businesses and social enterprises in Argyll and Bute. HIE set up the Shared Prosperity Fund Argyll Programme after securing £280,000 in funding through Argyll and Bute Council's allocation from the UK Shar

The Scottish Professional Football League (SPFL) has signed a multi-year extension to its partnership with the Loch Lomond Group.

Lynsey Carson, a seasoned professional in the financial services sector, has been appointed as business development director in Rathbones Investment Management's Glasgow branch. Bringing over 20 years of experience to her new role, Ms Carson will be responsible for enhancing Rathbones’ pa

Know-it, the Glasgow-based fintech, has launched on the QuickBooks App Store. Now, QuickBooks users will be able to get the Know-it app directly from the QuickBooks App Store and connect their accounts package to the cloud-based credit management platform.