News

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.

An ancient gold coin wrongly classified as a fake by specialists has proven the existence of a third century Roman emperor who was written out of history as a fictional character.

SSE has reached agreement to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers’ Pension Plan board in a transaction valued at £1.465 billion. The energy giant says the deal will help unlock significant growth in both the tr

Advanced Clothing Solutions (ACS), circular and sustainable fashion enabler, has partnered with Edinburgh fund manager Circularity Capital, with an investment of £10m. Circularity Capital is a specialist growth equity fund manager which invests in European SMEs operating within the circular ec

The latest EY Future Consumer Index has found that nearly half of UK consumers (43%) expect to spend less over the festive season compared to 22% for the same period last year. The 11th edition of the survey of over 1,000 UK consumers found that falling consumer confidence due to the cost-of-living

Scottish energy storage specialist Gravitricity has secured £194,00 from the UK government to find a demonstration site in India suitable for its gravity energy storage technology. Gravitricity has developed an innovative energy storage system which works by raising heavy weights – total

The number of overdue invoices in Scotland has reached its highest level for this year, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows the number of invoices in Scotland that have gone past their payment deadline ro

Russwood, a timber manufacturing and processing firm, has secured a green jobs investment worth £180,000 from Highlands and Islands Enterprise (HIE). The Newtonmore business is undergoing a £1.5 million project to expand and become a more modern, technological advanced and efficient

The government's support all households with energy bills over the first three months of 2023 will cost £16 billion in taxpayer money, according to Resolution Foundation analysis. Ofgem revealed yesterday that the annual energy bill of a typical household would have risen to £4,279 betwe

Global IT firm transACT Technology Solutions has appointed tech entrepreneur Duncan Girvan as its director for Scotland. Mr Girvan, who previously co-founded Glasgow-based Disrupt Group Ltd, takes on the newly-created role as the London-headquartered firm embarks on a strategic UK-wide expansion to

James Milne has been appointed as managing director to strengthen McEwan Fraser Legal’s management team throughout Scotland. Mr Milne has many years of experience in legal recruitment and estate agency and his strong relationships across the industry will be invaluable to McEwan Fraser's futur

Scottish mid-tier accountancy & business advisory firm French Duncan has promoted directors Tommy Bates and Elizabeth Leonard to partners, reflecting the contribution of both to the firm. Mr Bates has been with the audit department of French Duncan since 2001, having qualified with a national ac

One of Scotland’s oldest trusts has said the future is positive despite seeing it's net asset value (NAV) fall by 8.2 per cent in the six months to the end of September. Edinburgh Investment Trust's 8.2% NAV decline puts it just a nose ahead compared to the 8.3% drop of the FTSE All-Share Inde

Digital chemistry data and software company DeepMatter Group Plc has announced that it is considering cancelling its shares on the Alternative Investment Market (AIM) and returning to private ownership. The decision came after discussions with its major shareholders and potential institutional inves