News

Barclays has agreed a £22.5 million funding package with Kilchoman Distillery, allowing them to invest in new production facilities and further grow the brand globally. The deal will allow the independent distillery on the island of Islay to substantially increase the production of its famous

UK car production in 2021 fell by 6.7% to only 859,575 units in 2021, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

The Scottish Inward Investment Catalyst fund has awarded £60,000 to strengthen ties between overseas businesses and universities in Scotland. The fund, launched by Interface and Scottish Government in December, supports Scotland’s ambition to be a leading destination for inward investmen

Edinburgh-based investment manager Par Equity has led its largest-ever seed round, with a $5.1 million investment into Manchester-headquartered startup SamsonVT, alongside US venture capital firm Blumberg Capital. SamsonVT has developed Industry 4.0 solutions that are transforming product maintenanc

After some signs of economic recovery earlier last year, businesses in Scotland, along with the rest of the UK, saw a dramatic uplift in instances of advanced financial distress in the final quarter of 2021 as the emergence of the new Omicron variant hampered growth for businesses already impacted b

The Scottish National Investment Bank (SNIB) has committed £30 million of funding for the expansion of Aberdeen Harbour, the largest marine infrastructure project in the UK.

Glasgow-based wealth management practice Loch Fyne Financial has appointed Jackie Coyne as its newest certified financial planner. Ms Coyne’s role focuses on delivering high quality services and wealth management to the firms growing database of clients.

The 2022-23 Scottish Budget should be supported by MSPs to help accelerate economic recovery, tackle the climate emergency and reduce entrenched inequalities, according to finance secretary Kate Forbes.

Professional services firm Moray Group has launched its new financial arm, Moray Financial, with the appointment of Michael Wales as managing director. Moray Financial will serve new clients with mortgage and protection needs, as well as being on-hand for Moray Group’s existing legal and prope

Aberdeenshire-based financial advisory firm Phil Anderson Financial Services has reported that 2021 was a record year for them, achieving a turnover of £1.33 million, a 20% increase from 2020 and their best financial performance since launching in 2010. Despite the challenges the economy

In the fourth quarter of 2021, the Scottish vacancy rate decreased to 16.1%, from 16.4% in Q3, according to the latest figures published by the Scottish Retail Consortium (SRC) and the Local Data Company.

An amendment will be brought forward during Stage 2 of the Scottish Government's Budget Bill to allocate an additional £120 million to local authorities. The funding represents the equivalent of a 4% Council Tax rise.

The studio behind children's TV phenomenon Peppa Pig is suing a Vietnamese rival over its cartoon about a childlike wolf.

Paul Dounis and Gareth Harris of RSM Restructuring Advisory LLP were appointed joint administrators to Alpha Homes (Leicester) Limited on 23 December 2021. Alpha Homes (Leicester) Limited was part of the Alpha Homes Group, a student accommodation provider across the UK, and RSM has been appointed to

Scotch whisky giant Diageo has reported net sales of £8 billion, an increase of 15.8%, across all UK regions in the second half of 2021. Organic net sales grew 20.0%, which the firm said was driven by strong double-digit growth across all regions, supported by effective marketin