News

Edinburgh-based investment syndicate Archangels invested a total of £13.4 million in 11 early-stage tech and life science companies in Scotland in 2022. The total investment for 2022 among 11 businesses marks a 14% increase on Archangels’ investment activity in 2021 (11.8m).

Lindsays has reported a year-on-year increase in the average price of properties it has sold, with the average price in Edinburgh reaching £325,000. Despite ongoing economic uncertainty and political turmoil, the firm believes market appetite remains steady and notes that predictions of price

KPMG has announced the appointment of 63 colleagues in the firm's tax and legal arms to the positions of director or partner. These announcements at the professional services firm come as part of several others including 108 new partners (including 26 in tax and legal), seven associate partners and

As Scottish Financial News publishes the last edition of 2022 today, we round up what has caught the attention of our readers over the last 12 months.

Highlands and Islands Enterprise (HIE) has approved more than £1.9 million in investments across Argyll and the Islands in the first half of the 2022 financial year. Between 1 April and 30 September, Arran Aromatics was awarded up to £80,226 for the development of a new filling line. Mor

Edinburgh-headquartered investment firm abrdn is searching for a new CFO after it revealed that incumbent Stephanie Bruce will leave the company. Ms Bruce has been CFO at abrdn since June 2019. She joined from big four accountancy firm PwC, where she was a partner.

The Association of Chartered Certified Accountants (ACCA), has highlighted the unprecedented scale and pace of employment flux in its response to the Scottish Government’s review of skills. In a wide-ranging response discussing the progress of the country’s skills landscape for accountan

Global people development group Insights has reported a post-pandemic financial bounce back with turnover reaching £66.5 million, a 55% year-on-year increase. Figures lodged at Companies House show the previous year's turnover during the pandemic at £42.9M. This financial acceleration is

Brian Milne and David McGinness of accountants and business advisers, French Duncan, have been appointed joint provisional liquidators of Atterley.com Retail Ltd. The Edinburgh-based business, which was founded in 2012, has closed with immediate effect resulting in the loss of 22 jobs.

The case of two fans of actress Ana de Armas who are suing a film studio for removing her from the film Yesterday has reached the next stage. Conor Woulfe and Peter Michael Rosza accused Universal Studios of false representation and fraud at the beginning of this year after they paid $3.99 to rent t

A business consulting director has been given an eight-year ban after he failed to keep accounts and was unable to account for company’s finances, including income of more than £63,800 and assets of more than £137,000. Steven David Hutton, 47, from Glasgow, was the sole director of

The creator of Fortnite, Epic Games, has been given two record-breaking fines totalling $520 million (£431.5m) by the Federal Trade Commission (FTC).

Scotland’s GDP is estimated to have fallen by 0.1% in Q3 compared to the previous quarter, and increased 0.4% month-on-month in October, according to statistics announced by the chief statistician.

Three former solicitors are among five men convicted of money laundering, The Times reports. Former lawyers Iain Robertson, 69, David Lyons, 71 and Alistair Blackwood, 68, were convicted alongside Mohammed Aziz, 61, and Robert Ferguson, 67, following a trial at the High Court in Glasgow.