News

Scottish cities were amongst the worst performers in the UK sports economy in 2020, but a new report has indicated that targeted government support can help a sector worth almost £250 million combined in Edinburgh, Glasgow and Aberdeen drive future prosperity and create more jobs. The joint &l

The launch of Young Enterprise Scotland’s Square Go Start-Up Village in Rouken Glen Park Glasgow, took place last week (24 November), with East Renfrewshire Provost Mary Montague, conducting the official opening. Filling a gap for community start-up spaces that encourage and support young peop

A tribunal has ruled that a group of employees are due nearly CA$500,000 (£308,000) in wages after their employer paid out 50% of their salaries with company gift cards. The Canadian Employment Standards Tribunal (EST) dismissed an application from the Vancouver-based Dayton Boots Company appe

The board of Scottish meat casings firm Devro announced a takeover agreement has been reached with a company owned by one of Germany's richest families. The deal with Bidco is for a cash acquisition of the entire issued valued at approximately £540 million on a fully diluted basis, implying an

Weir Group and abrdn are set to rejoin the FTSE 100 this week after their share prices have recovered since their respective relegations from the index. Abrdn dropped out of the FTSE 100 earlier this year after its share price fell to under 150p, but it has since recovered and is now trading at

Private conversations held between executives and their employees in connection to collusion on price fixing of Rangers FC merchandise have been published by the Competition and Markets Authority (CMA). In September the regulator handed out fines of £1.49 million, £459,000 and &poun

Two Glasgow-based businessmen have launched a recruitment agency dedicated entirely to the football industry. Founded by football agent and recruitment specialist, Stewart Macgregor, and professional youth coach, Piero Carrino, Football Careers Ltd, is targeting revenues of more than £1 m

Ian Macleod Distillers (IMD) is giving the public the chance to view its proposals for a whisky maturation warehouse scheme at Bandeath Industrial Estate in Throsk, located outside Fallin.

Glasgow-based construction firm Gap Group has announced that it will boost the pay of 83% of its employees with a £1 million bonus. With the aim of helping employees with the cost of living crisis, the £1m bonus is in addition to existing annual performance and Christmas bonuses and

Global demand for fine and rare single malt Scotch whisky has continued to drive up both the volume and value of auction sales as investors flock to the alternative asset, according to a new report by investment bank Noble & Co. Noble & Co worked with data science business Brainnwave to coll

Edinburgh-based healthtech company Hearing Diagnostics has completed a £1.1 million funding round and is now eyeing commercialisation in the domestic and US markets. Led by angel investment syndicate Archangels, the funding will unlock the spatial hearing screening technology’s market po

StorTera, an Edinburgh based developer of intelligent energy storage solutions, has secured £5 million of funding from the Net Zero Innovation Portfolio (NZIP) to develop a long-lasting megawatt scale battery that can operate for up to eight hours. As the number of renewables projects continue

Eden Mill Distillery has begun offering single malt enthusiasts an opportunity to invest in one of 300 unique casks and join 'The 1655 Club', as the distillery resumes single malt production with the opening of the new site on the banks of the Eden Estuary in St Andrews. The carefully selected casks

American federal prosecutors have named a Scottish “ghost” firm in connection to a $500 million (£414m) cryptocurrency scam, alleging it was used to help launder the ill-gotten gains. Two Estonians were arrested by United States authorities and accused with internationally defraudi

Protective packaging specialist Macfarlane Group has given a trading update reporting an 11% in revenue, despite weaker volumes, for the YTD to the end of October. The board expects the group’s results for 2022 to be ahead of last year and in line with its full year expectations.