News

DirectID, an Edinburgh-based global fintech, announced that Ingka Investments, the investments arm of IKEA holding company Ingka Group, has made a €9 million (£7.9m) minority investment in the company. The firm specialises in credit risk, risk analytics and predictive modelling,

Shepherd and Wedderburn has advised Assured Guaranty UK Limited (AGUK) as lead counsel on their wrap of a £210 million bond issue for Glasgow City Council.

Glasgow-headquartered Macfarlane Group has seen profits before tax from continuing operations reach £19.9 million in 2022, marking a 7% increase from the year before. According to the group's annual results, revenue from continuing operations grew by 10% versus 2021 to £290.4m.

A portrait by Lucian Freud is expected to sell for up to £20 million at auction.

Ride-on Scotland Limited, a specialist e-bike hire business with bicycle fleets and infrastructure in Dundee (Ride-on Dundee) and Leicester (Ride-on Leicester), has entered provisional liquidation. Callum Carmichael and Stuart Robb, partners with FRP Advisory, have been appointed joint provisional l

Topolytics, a waste data analytics platform, has secured £1.5 million in funding, enabling the business to launch its WasteMap solution and extend the business commercially with new and renewed contract wins in 2023. The money comes from high-net worth investors, and a grant from UK Research a

The UK government has further reduced its shareholding in Royal Bank of Scotland-owner NatWest Group.

The topping out of Michelin Scotland Innovation Parc’s (MSIP) flagship Innovation Hub has taken place in Dundee yesterday.

One of Scotland’s premier whisky companies, The Edrington Group, faces the threat of a production shut down as workers vote over strike action.

Financial advice and fund management group One Four Nine has acquired McCrea Financial Services. McCrea Financial Services is an established full suite planning firm led by Douglas McCrea servicing individual and corporate clients throughout the UK primarily across the West of Scotland.

A new veterinary practice has opened its doors in Fife after securing a loan from Royal Bank of Scotland. Owned by husband-and-wife duo, Hannah and Bruce McKerrow, 3 Bridges Vets provides services and treatments for a wide range of pets and farm animals, from hamsters to horses.

TLT has advised Santander UK on its multi-million pound funding to global clean energy enterprise, TagEnergy. The funding supports the construction and operation of two landmark battery storage facilities: the 49.9MW/100MWh Roaring Hill development in Fife, Scotland; and the 49MW/98MWH Jamesfield de

Leonard Curtis has opened an office in Edinburgh as it expands its business in Scotland. The group — which specialises in restructuring, insolvency, funding, and legal support — is also increasing its recruitment efforts in Scotland to build on success in its Glasgow office, wh

More than two-thirds of food and drink companies have had their sustainability plans negatively impacted by rising inflation, a new industry survey by Johnston Carmichael has found. The accountancy and business advisory firm surveyed more than 100 businesses across Scotland and the UK as part of its

Parents saving for their children’s future in cash could need to put away thousands of pounds extra for big-ticket items compared to investing through a typical stocks and shares Junior ISA (JISA), a new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) has f