News

The Competition and Markets Authority (CMA) has welcomed legislation intended to enhance its ability to promote competition and protect consumers, including new powers for its Digital Markets Unit. The Digital Markets, Competition and Consumers Bill aims to promote growth in the UK economy by e

Julie Tait and Stuart Preston, of Grant Thornton UK LLP, have been appointed as administrators of Yes Recycling (Fife) Limited. The company entered administration last Thursday 20 April 2023 as a result of cash flow difficulties stemming from its inability to operate at full capacity.

Barclays Eagle Labs has launched its two-year programme of support for tech businesses, funded by the government’s Digital Growth Grant, to tackle some of the key issues businesses face and drive regional growth in the UK tech sector.

Law firm Shoosmiths has today moved into a new landmark development in the heart of Edinburgh. The firm, which celebrated 10 years in Scotland last year following its merger with Edinburgh-based Archibald Campbell and Harley in 2012, has been based at Saltire Court, Castle Terrace in Edinburgh since

Administrators have sold the former Edinburgh Filmhouse building for £2.65 million to an unnamed buyer.

Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa

Inverness-based Munro and Noble has acquired Caithness-based firm Georgesons Solicitors, which comprises both Georgesons Solicitors and Georgesons Estate Agents. The newly acquired business will operate under the name Munro and Noble incorporating Georgesons.

A town has announced an unusual plan to reduce crime by planting 1,200 trees. Local officials in Alief, a suburb of Houston, Texas, will spend $2 million (around £1.6m) to plant the trees along 17 miles of road by 2025.

The Pre-Scaler programme, initiated by the Hunter Foundation (THF) and Scottish EDGE, has doubled its capacity to accommodate two cohorts instead of one after seeing high demand. A total of 40 companies from across Scotland will participate in this fully-funded initiative, designed to accelerat

Scottish bids and tenders specialist AM Bid has reported an increase in both revenue and net profit for H1 of its ninth trading year. The firm generated revenues of £626,337, for the period 1st October 2022 to 31 March 2023, marking a 17% increase from the £535,175 recorded for the

Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port's redevelopment into a major energy transition facility. The funding will acceler

The Chartered Institute of Taxation (CIOT) has warned that high earners in Scotland will face an effective 68% tax rate if First Minister Humza Yousaf proceeds with a new charge under consideration. The higher rate is a combination of:

SME funding provider Reward Finance Group has restructured its client relationship operations across Scotland by promoting Chris Ibbetson to head it up. With Reward providing tailored business finance loans and asset based solutions to SMEs across the UK, Mr Ibbetson will now lead the client relatio

Bamburgh Capital, a boutique corporate finance adviser, has facilitated a transaction for its client Tekmar Group, involving an investment of over £20 million from SCF Partners, a US-based private equity firm with its UK base in Aberdeen.

Scotgold Resources Limited has announced that it is progressing well with its transition to the long hole stoping mining method at the Cononish gold mine in Scotland, and that it is seeking to raise additional equity funds.