News

Commercial property firm HFD Group has sold 177 Bothwell Street to Spanish investment firm Pontegadea in a deal worth around £215 million, according to reports. The deal arrives just before construction is completed on the 315,000 square foot development, where HFD has pre-let space to te

Edinburgh-based asset manager Circularity Capital has announced the oversubscribed final close of its second fund at €215 million. The Circularity European Growth Fund II is three times larger than Circularity Capital’s debut fund of £60 million, which closed in 2018, and makes it t

Sandy and James Easdale, the brothers who own McGill's Buses, have announced plans for a £20 million development of the former Watt Brothers department store in Glasgow, which they hope to turn into a boutique hotel. The two have lodged plans with Glasgow City Council for the redevelopment of

HSBC has seen its reported profits after tax drop by $1.1 billion to $3.4bn in the first quarter of 2022. The bank's reported profit before tax also plummeted by $1.6bn to $4.2bn. HSBC said that the decrease reflected a net charge for expected credit losses and other credit impairment charges in the

Estate agents Innes & Mackay, headquartered in Inverness, has been named the best estate agency in the north of Scotland at the Inverness Business Awards - part of Scotland’s Business Awards. The business, which has operated in the Highlands for over 145 years, took the top spot following

Fife-based International Testing Services (ITS), which specialises in non-destructive testing (NDT) has grown its headcount after winning a significant new international contract, with the support of a £100,000 funding package from Bank of Scotland. ITS has been providing NDT and inspection se

Pathhead-based technology business AgbioInvestor has been awarded a Queen’s Award for Enterprise in International Trade 2022. Now in its 56th year, the Queen’s Awards for Enterprise are the most prestigious business awards in the UK. The awards were first established in 1965 and since th

The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the Bank’s presence north of the border. Mr McCulloch takes over from Ian Mitchelmore who is stepping down due to retirement.

Aberdeen-headquartered digital twin technology specialists Eserv has secured a six-figure funding grant from the Net Zero Technology Centre to develop a multi-resolution, multi-format asset integrity visualisation system for the subsea energy sector. The 12-month R&D project will see Eserv build

Edinburgh-based 'fishtech' start-up Rooser has secured more than £17 million in funding in an equity fundriasing round led by Index Ventures, Google Ventures and Point Nine Capital. The funding will be used to help boost the firm's technology designed to speed up fish sales and cut waste.

Almost 14,000 businesses have been supported in the form of grants from the Construction Industry Training Board (CITB), with over £77 million paid out in the last year, and over 45% of grant spent going to small and micro businesses, new data has revealed.

The co-founders of tech firms Freeagent and Made.com will share their secrets of success at an entrepreneurs’ investment summit being held in Glasgow next month. Ed Molyneux, who was the CEO of accounting software firm Freeagent, and Julien Callede, the former COO of online furniture retailer

AccelerateHER, Scotland’s dynamic network for female founders has appointed Elizabeth Pirrie as its new CEO. The Scottish-based organisation, which empowers UK female-founded businesses to scale for growth, has made the new appointment amid UK-wide expansion of both its team and operations.

CBRE has acquired Dougray Smith, a property advisory consultancy in Scotland, specialising in investment and mixed-use developments, for an undisclosed sum.

Caledonia Housing Association has secured a uniquely structured £75 million Private Placement, with support from NatWest, to further its commitment to both building sustainable housing and becoming a carbon-neutral organisation. Caledonia intends to use the proceeds from the transaction to con