News

A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total. The Venture Pulse Survey shows this is a marked a decline from record levels seen in 2022 and 2021, which were £707m and &pou

A man who learned printing skills in prison as part of a rehabilitative programme later put his skills to work counterfeiting bank notes, according to police. Bhupendra Singh Dhakat, a 35-year-old man from the state of Madhya Pradesh in India, was found to have nearly 100 counterfeit notes when arre

N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial. Opulus has grown rapidly through a series of acquisitions since its inception in 2021, including Wylie & Bisset, George & Co, John Kerr & Co,

Aberdeen-based engineered leak sealing solution specialist Kinetics Controls and Innovation Ltd (KCI) has announced the transfer of shareholding to an Employee Ownership Trust (EOT). The move aims to guarantee collective success for employees and the company while ensuring a seamless transition

Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company's director. The appointment was made on 11 March 2024 after the refrigerated haulage firm based in Annan, Dumfriesshire, cea

Morton Fraser MacRoberts will be making a move to its new premises at Haymarket Square in Edinburgh. The Grade A office space is designed by architects Foster + Partners, and the new office will feature state-of-the-art facilities that support agile working and collaboration between the firm’s

Tax expert John Cairns been appointed by Glasgow-based Robb Ferguson Chartered Accountants as director of taxation. A long-time member of the Institute of Chartered Accountants of Scotland, and a Chartered Tax Adviser, Mr Cairns has been a partner in both Scottish and international accounting firms,

Glasgow City Council has agreed plans to create a specialist green investment team that can help unlock a £40 billion fund needed for the city's net zero ambitions.

Housing stock across the UK is characterised as “expensive, cramped and ageing” when compared with that of other countries, according to new analysis by the Resolution Foundation.

Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years. The ambition, spanning from January 2024 to the end of 2026, aims to support local housing authorities and associations in delivering and

Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration. Scottish Financial Enterprise, City of London Corporation and Scottish Government met in Edinburgh on Thursday to discuss opportunities for gro

Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023. The company achieved its 2025 growth target two years early, with £1.5 billion in new business cash generated by its Standard Life division.

In an admission at the House of Lords that filled the chamber with laughter, former police chief Lord Mackenzie of Framwellgate revealed he didn't report his wife's stolen credit card because the thief was spending less than she typically did. The North East peer left fellow Lords in stitches as he

Robertson Group has reported a 9% increase in turnover in its last full trading year but the contractor also suffered a 20% plunge in profits. Financial results for the year ending 30 June 2023 show turnover was up to £670.9 million, from £615.6m in 2021-22, while pre-tax profi

Hospitality businesses which depend on overseas staff must act now to benefit from current salary rules ahead of controversial new immigration regulations, a specialist solicitor has warned. Gurjit Pall, immigration solicitor at full-service law firm Thorntons, issued the advice prior to the introdu