News

Energy storage company Gravitricity is seeking up to £40 million in funding after it signed a memorandum of understanding with construction firm VSL Systems UK to design underground hydrogen stores, known as FlexiStores, which could be used to fuel the UK's green economy. The UK could see the

University projects from Edinburgh and Aberdeen have each secured £75,000 in funding from Scottish Enterprise’s high growth spin-out programme (HGSP) to support renewable energy. An innovative project from the University of Edinburgh that is developing heat exchange technology for marine

A man has been arrested and charged with stealing over $300,000 (£253k) in a scheme that was inspired by the movie Office Space. According to the affidavit, Ernie Castro, from Seattle, began running a series of schemes starting in February, after working at the company Zulily for three ye

Economic confidence has risen slightly in December to -58, up from -64 in November, according to the IoD Directors’ Economic Confidence Index, which measures business leader optimism in economic prospects. There were also slight improvements in expectations for revenue, employment, investment

Making use of a little known piece of government legislation, Ashton McGill has come up with an innovative way of helping staff with the cost of living crisis whilst supporting the local economy. The Dundee-based firm will give their team Scotland Loves Local Gift Cards, which can be spent with loca

Nucleus Financial has offered to acquire Curtis Banks Group for a sum of £242 million. The transaction will bring together the Nucleus Group, a firm with offices in Edinburgh, Glasgow and Salisbury, and the Curtis Banks Group to create a leading retirement-focused adviser platform with approxi

Edinburgh and Glasgow are set to see their local economies be amongst the fastest growing as the UK emerges from recession in the second half of 2023, according to a new study by law firm Irwin Mitchell.

Investors poured over £450 million into retail properties in Glasgow last year, despite the cost-of-living crisis, record low consumer confidence and hybrid working affecting city centre footfall, according to CoStar Group.

Shell has announced that it will face a $2 billion (£1.7bn) liability in the fourth quarter of this year due to windfall tax measures in the UK and EU.

Duncan Raggett of AAB and Seamas Keating of FPM Accountants Limited, an AAB Group company, were appointed joint administrators of ODx Innovations Limited on 19 December 2022, by the directors of the company. ODx is a medical technology company based in Inverness focused on transforming the speed at

Iain Lanaghan has been appointed lead non-executive director (NED) to the Supreme Court of the United Kingdom (UKSC). His appointment is one of two new UKSC NEDs appointments for a three year term from 1 January 2023. It comes as Kathryn Cearns stands down after five years as a NED and cha

The biggest farmers' association in Italy has condemned the use of mafia terms to sell food and drink around the world — including a machine gun-shaped bottle of whisky produced in Scotland. Coldiretti found that some 300 restaurants are mafia-themed, among them El Padrino in Spain, Don Corleo

In November, UK credit card borrowing reached its highest level since 2004 as pressure mounts on households from rising living costs.

CFOs see bank borrowing and debt issuance as less attractive sources of finance now than at any time since the financial crisis, according to Deloitte’s UK CFO Survey, Q4 2022. As a result of this demand for credit is well below average levels and flagging with CFOs, with only 28% saying they

Despite challenging economic forecasts, the majority of Scottish businesses expect 2023 to be more successful than 2022, according to the latest Bank of Scotland survey.