News

Scottish micro-investment group CAM Ventures has celebrated its first anniversary in business with the announcement of their latest investment – The Mantuary, which is scheduled to open in Dundee later this summer. Situated on Commercial Street in Dundee, The Mantuary will offer a new male gro

Revolut, the global financial super app with more than 18 million customers worldwide, has announced a streamlined version of the Revolut app will be available in five new countries in the next couple of months. Customers in the additional countries can transfer money to 50+ countries quickly, bring

The Financial Reporting Council (FRC) has today published a consultation on proposed changes to Technical Actuarial Standard 100 which would require actuaries to include climate change risks in the course of their work. The FRC is proposing to introduce a new requirement to ensure actuarial practiti

The Highlands and Islands is an ideal place to host at least one of Scotland’s green free ports, according to Highlands and Islands Enterprise (HIE).

Asset and wealth management firm AssetCo has posted its 2022 half year report revealing revenues of £1.3 million. For the six months ended 31 March 2022, the firm announced a loss before taxation of £2.6m, compared to a profit of £22.3m for the same period in 2021, which AssetCo sa

Par Equity, the Edinburgh venture capital firm, capped off a successful year by supporting 12 high growth technology companies in the first quarter of 2022 with record investments of £31.4 million.  The investments made over the past year signal an 83% increase on £17.2m in the prev

Scottish mid-tier accountancy and business advisory firm French Duncan has promoted entrepreneurial services directors Neil Robb and Marc Vosilius to partner, following significant success in this area of the business over the past few years. The two have been with the firm for six and eight years r

Animal rights advocates have failed to persuade a court that an elephant named Happy who was captured at the age of one and brought to the US is legally a person. New York's highest appeals court ruled by 5-2 that Asian elephant Happy, who was born in the wild in Thailand, has not been illegally det

Education innovator Dr Rashmi Mantri was presented with business achievement honour at the Inspiring Indian Women (IIW) She Inspires awards held at the Houses of Parliament. Born in India and settled in Glasgow, Dr Rashmi Mantri is a multi-business manager, IT specialist and educator with a PhD in c

Logistics, distribution and storage businesses Bullet Express has opened a new 67,000 sq ft logistics centre at Westway Park, Renfrew, Scotland's largest fully enclosed industrial distribution and office park. The new logistics centre will see Bullet Express increase its storage and distribution cap

Dundee-based cloud computing company iomart Group has posted its full year results for the year ended 31 March 2022, revealing an 8% decline in revenue from £111.9 million to £103m. However, the firm stressed that it continues to "benefit from a robust business model delivering

First Minister Nicola Sturgeon will pledge the Scottish Government’s support to work in partnership with industry for a more resilient economy following the pandemic, to help create a wealthier, fairer and greener Scotland. In the opening address at the Scottish Council for Development and Ind

Rostra Therapeutics, a life sciences company spinning out of the University of Strathclyde, has secured £80,000 in grant funding after winning the 2022 Scottish EDGE pitch competition for businesses. Hundreds of high calibre applications were received by Scottish EDGE, the UK’s biggest f

Bank of Scotland owner Lloyds Banking Group is close to agreeing a compensation deal for victims of the Reading HBOS scandal. After mounting pressure from small business representatives and the Financial Conduct Authority, it has been reported that the banking giant has agreed to offer victims of th

Commercial property company HFD has sold an industrial building at Hamilton International Park in a deal valued at around £2.5 million.