News

With the cost-of-living squeeze underway, 32% of consumers plan to cut back on their household spending this year, according to a survey of 3000 UK consumers by KPMG.

Global GDP growth is expected to increase by around 4.5% in market exchange rates in 2022 as global economies continue to grow, and are likely to remain resilient in the face of the Omicron variant, according to base case projections in PwC’s latest Global Economy Watch. PwC has said that the

New research from Lloyds Bank Business has found that just 1 in 10 (12%) small businesses in the UK went online as a direct result of the pandemic.

Edinburgh-based venture capital firm Par Equity has more than doubled its annual investment into innovative technology businesses, from £12 million in 2020 to £25m last year. This was in addition to a $400m exit on the sale of portfolio company Current Health in October, which continued

Hiring activity across Scotland continued to increase in December, according to the latest Royal Bank of Scotland Report on Jobs. Permanent placements rose at the steepest pace for three months amid reports of strong demand for staff, however, pandemic-related concerns weighed on the amount of work

Finance ministers in Scotland, Wales and Northern Ireland have called on the Treasury to guarantee that money allocated to support Covid responses will be provided in full, following a meeting with the Chief Secretary to the Treasury. They are also urging action to tackle the cost of living crisis a

Fiduciam, the institutionally funded short-term lender to housebuilders and entrepreneurs, is targeting a major expansion in Scotland for 2022. A new Scottish team has been established with a nationwide lending appetite and an ambitious target to achieve £55 million of lending in 2022.

Global private markets firm Partners Group has agreed on behalf of its clients to acquire Aberdeen-based infrastructure company North Star from Basalt Infrastructure Partners for an undisclosed sum.

MBM Commercial’s corporate, tax and employment teams recently assisted the senior management team of Highfield Forestry to buy out the business on the retirement of Iain Peddie, who was the managing director at the company for over 20 years. Highfield Forestry is a woodland management company

Clearbell Property Partners IV LP (Clearbell), a new fund managed by Clearbell Capital LLP, has today announced the acquisition of 150 St. Vincent Street in Glasgow from a fund managed by PineBridge Benson Elliot.

Glasgow-based property developer PVP Developments has commenced the build of a new drive-thru complex on the Clydeside Expressway, with support from Bank of Scotland.

A court has upheld the sacking of two police officers who ignored an ongoing robbery to continue playing Pokémon Go. Los Angeles police officers Louis Lozano and Eric Mitchell were recorded dismissing a call to assist with the robbery while boasting of catching rare Pokémon in the mobi

One in three tourism and hospitality businesses have stated that they are likely to fail in 2022, according to a recent survey conducted by the Scottish Tourism Alliance (STA).

Leaders from some of the country's most exciting businesses will travel to the USA this year for the first in-person trade missions from Scotland since the Covid-19 pandemic began. Around 25 SMEs from across the country are expected to join International Trade Partnership (ITP) missions to Miami and

Kelso Pharma has acquired Glasgow-based Stirling Anglian Pharmaceuticals Limited for an undisclosed sum. Kelso Pharma is headed by Dr Tom Stratford, previously CEO of Kyowa Kirin International, the European and US business arm of Kyowa Kirin, which purchased Scottish Borders based ProStrakan Group P