News

Glasgow-based eCommerce agency Hudson has closed Q1 ahead of forecasts after continuing to experience rapid growth. The firm, which is headquartered in Glasgow and has a presence in both Manchester and Copenhagen, finished the period 10% ahead of its projected target.

HSBC has seen its profits after tax rise by $5.3 billion to $8.4bn in the first half of 2021. The lender has also posted profits before tax of £10.8bn, up $6.5bn from the same period in 2020.

Voyager, the Perth-based health and wellness company established to supply high-quality Cannabidiol (CBD) and hemp seed oil products, has announced the opening of its first retail store in St Andrews. The company has also entered into an exclusive distribution agreement with D. Atkinson Herbalist &a

Anderson Strathern has made a duo of senior appointments, with the Scottish legal firm making a partner promotion and a hire to its highly-rated residential property team. Jemma Richardson, deputy head of the firm’s residential property department, is appointed a partner, while Edwina de Klee

Edinburgh-based private property investment and management company Sandstone has launched a new fund focused on traditional residential property across ten cities in the UK. The launch of Sandstone Residential REIT means that family offices, fund managers, charities and private clients with SIPPS wi

The Royal Bank of Scotland is launching a new savings competition to help encourage first-time savers. The £1000 competition begins in August, with 10 customers each being awarded £1000 for opening an account and then developing a regular savings habit.

Kinloch Castle has been put up for sale for just £1. The castle, which is currently owned by Scottish National Heritage, is located on the Isle of Rum off Scotland's west coast.

Royal Bank of Scotland owner NatWest Group has posted operating profits before tax of £2.505 million. In the first half of 2020, the bank reported an operating loss before tax of £770m.

Asset & wealth management firm AssetCo has announced the completion of its acquisition of Edinburgh-based Saracen Fund Managers Limited. In May, the firm announced the conditional acquisition of the company for an effective total consideration of £2.75 million.

Dundee fintech Embark Group Limited (EGL) has been sold to Bank of Scotland owner Lloyds Banking Group for a consideration of £390 million.

Glasgow-based Xcel Financial Services Limited (XFS Limited), a provider of sales ledger management, credit control and debt recovery, has appointed Margo Kidd as a director. Ms Kidd joined XFS Limited in 2020 as chief operations officer and has 32 years of experience in the collections industry

Throughout the last six months, the investment team for BGF Scotland has invested close to £33 million across 10 Scottish growth businesses. Growth capital investor BGF provides funding of between £1m to £15m for a minority equity stake. It backs ambitious teams across a range of s

Robertson Group said it has returned to "normal trading expectations” after revealing a £6.7m operating loss last year due to the coronavirus pandemic. The family-owned contractor extended its financial year to 15 months to the end of June 2020 to absorb the three-month closure

Aberdeen-based drilling, engineering and technology contractors KCA Deutag has announced the creation of a new business unit that will expand its offering in both the hydrocarbons and energy transition markets. The new business unit, Kenera, will consolidate and leverage the skills, competencies and

Scottish shop vacancies have risen by a quarter since the second quarter of 2020, according to the latest Scottish Retail Consortium (SRC)-Local Data Company (LDC) Vacancy Monitor. In the second quarter of 2021, the Scottish vacancy rate increased to 16.1%, from 15.3% in Q1. It was 3.2 percenta