News

Business confidence in Scotland fell 11 points during August to 5%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies across the country reported lower confidence in their own business prospects month-on-month, down 29 points at 3%. When taken alongside

French tax authorities have benefitted from new artificial intelligence (AI) technology bringing in an extra €10 million (£8.5m) in tax revenue. The AI technology, developed by Google and Capgemini, was used to detect undeclared swimming pools in France. It was being trialled in the regio

New research predicts that the economy will go into recession before the end of the year, lasting until 2024, and that inflation could double, reaching a peak of 22.4% early next year. The research from American investment bank, Goldman Sachs, has projected higher inflation levels than Citi bank's f

Clyde Munro has struck a deal and acquired two Edinburgh dental practices for an undisclosed sum. The deal was made with married dentists, Duncan Sandland and Suzanne Seaton, to acquire their Colinton Dental and Riccarton Dental practices after nearly two decades in charge.

DataVita has announced plans to invest £8 million to expand the capacity of its flagship Fortis data centre. The Scottish data centre and multi-cloud services provider will add an extra 400 racks to its data centre, taking Fortis up to 1,500 sq. m. of technical space. The expansion also opens

Progress has been made towards recovering £21 million in illicit gains made by the former director of Midas Financial Solutions, who scammed investors out of £13m, the High Court in Edinburgh has heard. The legal bid to recover the £21m came from prosecutors who are trying to seize

Wave power specialists Mocean Energy have strengthened their board as they plan to commercialise their Blue Star wave machine and raise investment. The Edinburgh firm has appointed experienced non-exec Torger Skillingstad as the company’s chair, with Lynne Ross, a specialist cleantech angel in

Yorkshire based commercial finance consultancy, ABL, has grown its operations in Scotland with the appointment of Neil Kindness as regional managing director. The hire follows the commercial finance consultancy’s announcement in April of a major recruitment drive as joint managing directors Al

Independent financial advisory firm, Phil Anderson Financial Services, has signed a one-year contract to sponsor the home strip of Sunnybank Football Club for the 2022/2023 season. The Aberdeen junior team recently kicked off the McBookie.com NRJFA Championship in their new home strip featuring the

A gathering of crypto enthusiasts and Bitcoin Angels at Stirling Castle has raised £13,500 for the cancer charity Maggie’s. In addition to the £5000 donated directly from artist and organiser Trevor Jones he is also willing to match contributions up to 5 Ethereum, as more continues

A Speyside-based whisky experiences business, CopperCairn, has secured £20,000 in funding to take its bespoke tasting tours to the next level. CopperCairn first came to life in October 2020 after entrepreneur Mitch Bechard decided to leave behind his career as a global whisky ambassador for Wi

More than 40 jobs have been created following a major refit of one of Scotland’s largest food ingredient manufacturers, Macphie, with output on track to exceed pre-pandemic levels before the end of the year. Macphie’s Tannochside facility has restarted full-scale production for the first

Leaders from the world’s largest financial institutions are to meet in Scotland to discuss progress towards positive global change as the COP26 anniversary approaches. The World Bank, the Bank of England, and major finance and investment firms will be present at the key summit in Edinburgh, in

Store closures by multiple retail operators have stabilised to the lowest rate in over seven years but openings have yet to recover to pre-pandemic highs, suggesting retailers are exercising strict caution in the current trading environment. This is according to PwC’s latest Store Openings and

A new card game inspired by party hit Cards Against Humanity has been refused patent protection in Bulgaria for insulting the country’s “ancient and eternal values”. Much like the US game, Cards Against Bulgarianness sees players combine cards with short phrases to create funny and