News

Johnston Carmichael and Foras have solidified a long-term partnership aimed at bolstering Scotland's top tech startups and scaleups as they expand globally and across the UK. The 12 month agreement will bolster Foras’ plans for a comprehensive set of international trips and UK-wide activities

Efforts to secure a buyer and continue trading Kirriemuir-based AAD Transport, which went into administration earlier this month, have been unsuccessful, resulting in the redundancy of 65 employees. Joint administrators, Ken Pattullo and Kenny Craig of Begbies Traynor, commenced

Loganair has announced the appointment of Luke Farajallah as its new chief executive officer, effective from 4 March. He brings a wealth of experience from senior roles at flybe, BA CitiExpress, Brymon Airways. He also made significant contributions while in roles at easyJet and Wizzair.

The Scottish Government has launched its first Techscaler hub in Silicon Valley to help promising startups from Scotland build contacts with international investors and customers.

Edinburgh-based PhaSER Biomedical (PhaSER) has received a grant totalling $2.3 million (around £1.81m) to continue its work in accelerating drug discovery and development from the Bill & Melinda Gates Foundation.

Almost seven in 10 (68%) of UK food and drink businesses are optimistic about future growth despite costs continuing to be a significant challenge, according to a new survey of the sector. The research was carried out by Johnston Carmichael, as part of an annual temperature check of the sector.

Trump supporters have begun crowdfunding $355 million (around £280m) to cover a penalty imposed on the former president by a New York court – and have raised just over $1 million so far. Judge Arthur Engoron ordered Trump to pay the eye-watering $354.8m sum in damages after finding that

Stewart Milne Group left creditors in the lurch with debts to the tune of a nine-figure sum at the time of its collapse, according to new documents filed at Companies House by administrators.

Knight Property Group has announced that construction now underway on a prime 0.44-acre plot in Westhill, Aberdeenshire, as the property firm continues its activity in the speculative development landscape across the North East. The project is situated adjacent to a forthcoming Wickes store, al

Glasgow-headquartered business advisory firm Craig Corporate has promoted Ross McAdam to the position of director. Mr McAdam, who has been part of the Craig Corporate team since 2019, will continue to lead the firm’s service provision. Recently, he was engaged as the interim CFO for a post-ser

A funding package has been agreed to secure an estimated £350 million in inward investment for a major energy industry expansion in the Highlands. Sumitomo Electric UK Power Cables Ltd (SEUK), a subsidiary of Japanese company Sumitomo Electric Industries Ltd (SEI) is planning to establish

Aberdeenshire-based Acumen Accountants has expanded its reach with a key merger south of the border. As a result, the growing company has bolstered its management team with the appointment of Andrew Wilson as a new director.

Bank of Scotland-owner Lloyds Banking Group has earmarked £450 million to cover potential fines and compensation related to an ongoing investigation by the Financial Conduct Authority (FCA). The FCA is scrutinising whether consumers were charged inflated prices for car loans, focusing on loan

Edinburgh-headquartered vaping retailer VPZ has announced that it plans to open 23 new stores by the middle end of 2024. The new stores will offer specialist stop-smoking advice, sustainable products and a recycling service in new locations throughout England, Wales, and Scotland, increasing the spe

A distillery and visitor attraction in Kintyre has announced it is expanding its capacity to accommodate more activities to build on the success of its growing events programme. Beinn an Tuirc Distillery has secured up to £21,740 from Highlands and Islands Enterprise (HIE) to support the move.