News

Sophisticated investors and pension funds are among those who will have access to new types of investment opportunities following changes made by the Financial Conduct Authority (FCA). The FCA has confirmed that it will be taking forward proposals to create a new type of open-ended investment fund w

The chief financial officer of a company worth nearly £23 billion accidentally phoned the CEO while discussing plans to oust him, according to reports.

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, has announced a significant investment from August Equity to fast-track its ambitious growth plans. AAB, with offices in Aberdeen, Edinburgh and Glasgow, plans to build its market share across the Central Belt of

Accountancy firm Azets has announced the appointment of Lynne Wilson as a new partner based in Perth with effect from 1 November 2021. Ms Wilson is a specialist advisor to owner-managed businesses. She joined Azets as a manager in 2013 and was promoted to director in 2018.

Interpath Advisory has announced the successful sale of Glasgow-based Mono Consultants Limited, which went into administration last week. Blair Nimmo and Geoff Jacobs were appointed on Friday as joint administrators to the business, one of the UK's largest network infrastructure roll-out service pro

Scottish Financial Enterprise (SFE) has announced the appointment of Mike Tumilty and Louisa Knox as non-executive board directors. The industry body said the new appointments will bolster its ability to support industry ambitions to lead the journey to net zero and develop the strength of Scotland&

Rural business organisation Scottish Land & Estates (SLE) has announced three new appointments to its regional network. Mairi MacLeod Coleman has been appointed at the new chair of the Highland region, with Rob Whitson becoming vice-chair. In SLE’s Central region, Antony Gifford has been s

Edinburgh-based financial services consultancy CBS Consulting has reported 110 per cent growth in its revenues in a year dominated by the Covid-19 pandemic. The company provides change management advice and support to UK financial services companies in the areas of business transformation and digita

Supermarket chain Sainsbury's has decided against the sale of its Edinburgh-based banking operation after talks with potential buyers. In a statement, Sainsbury's said "all such discussions have now ended" and it will maintain ownership of Sainsbury's Bank, which has around two million customers acr

Accountancy firm Douglas Home & Co has warned that up to half of farm businesses could see profits wiped out entirely within three years as a result of subsidy changes. As part of Brexit, the Basic Payment Scheme is being phased out between 2021 and 2028, meaning farmers could lose between 50-70

Scottish law firm Macdonald Henderson has announced six hires and two senior promotions.

Edinburgh-based Mara Seaweed will benefit from over £600,000 in Scottish Government funding aimed at supporting the sustainable development of Scotland's "blue economy". Mara Seaweed will use the funding to increase its processing facility and explore new markets.

Three company directors have been banned following investigations which found that nearly £100,000 worth of Bounce Back loans had been inappropriately applied for, or misused. The UK government's Bounce Back Loan (BBL) scheme ran to March 2021 and provided loans of up £50,000 to help bus

A man who allegedly obtained a fraudulent Covid-19 business loan and used it to buy a rare Pokémon card is facing prosecution.

Edinburgh-based Par Equity has announced a multi-million pound investment in Artus, a designer and supplier of innovative HVAC (heating, ventilation and air conditioning) solutions. The new investment will be used to build awareness of Artus, develop the product portfolio and to grow the business gl