News

A decade of hotel expansion across Scotland is set to be reversed as many hotel businesses struggling with unsustainable debts, losses and staffing problems decide to close permanently, Derek Forsyth, head of restructuring with Azets has warned. Industry reports indicating the scale of the financial

DLA Piper has appointed Stuart Murdoch as partner in its Edinburgh Litigation & Regulatory practice, specialising in financial services disputes and regulatory matters. He joins from local Scottish firm Burness Paull, where he was also a partner, and before that in-house at RBS, where he was Leg

Louise Laing, senior associate at Brodies, details the intricacies of a pre-pack administration. Pre-pack is the term used to describe an arrangement whereby the sale of all or part of a company’s business and/or assets is negotiated and agreed before an insolvency practitioner (IP) is appoint

Growth capital investor BFG has completed a £5.2 million investment in Odro, a Scottish-headquartered technology business that provides video interviewing and engagement software to the recruitment industry. Since 2015, when it started with just two full-time employees, Odro has more than doub

Changingday, the Glasgow start-up creating virtual reality games for autistic people, has secured more than £670,000 of funding from Scottish Enterprise to develop and launch its products. The business has secured equity investment from Scottish Enterprise, alongside a number of private invest

Standard Life Aberdeen (SLA) has asked its staff to monitor their carbon footprint while working from home as part of the fund manager's new strategy to reduce operational emissions. The firm has said it will give its employees access to an app that can measure and reduce their carbon footprint

Aberdeen Standard Investments (ASI) has invested £50m on behalf of its strategic partner Phoenix Group in Black Sea Trade and Development Bank supporting the implementation of its climate change strategy. Specifically, proceeds will be used for projects financed directly, or through finan

Scotland’s track record for creating unicorn tech companies like BrewDog, FanDuel and Skyscanner is helping it to create a new generation of fast-growing tech businesses. Four Scottish companies - Amphista Therapeutics in Motherwell; Roslin Technologies in Edinburgh; Interactive Investor in Gl

A group of business and legal bodies representing Scotland, Europe and the US have urged caution towards the introduction of US-style ‘opt-out’ class action lawsuits in Scottish courts. The Scottish Chambers of Commerce; European Justice Forum; BritishAmerican Business; and the US Chambe

House prices in Scotland increased by 11.2% in March, according to the latest house price index released by Walker Fraser Steele.

Glasgow legal practice Lynch & Co. has been acquired by Elaine MacDonald, a former associate at Austin Lafferty Ltd. The new firm, MacDonald Lynch, has three former employees and a consultant from that office, Colin Carr, will also join the new operation.

Consumer price inflation more than doubled in April to a 13-month high of 1.5%, according to the latest figures released by the Office for National Statistics (ONS).

Ten private business representatives have joined the new Borderlands Economic Forum to support delivery of the Borderlands Inclusive Growth Deal. Working in support of the Borderlands Partnership Board, the ten private business representatives on the Economic Forum will bring commercial experie

A construction worker was threatened with jail time after wearing a T-shirt to a virtual court hearing. Detroit judge Ronald Giles reprimanded the defendant, who claimed he had been working a building site.

Stirling-based ESM Investments has led a six-figure funding round for Edinburgh-based home healthcare provider Time For You Care. Time For You Care was established in 2018 and currently employs 70 full-time carers and office staff. The firm utilises technology to eliminate time and cost inefficienci