News

Interpath Advisory has announced the successful sale of Glasgow-based Mono Consultants Limited, which went into administration last week. Blair Nimmo and Geoff Jacobs were appointed on Friday as joint administrators to the business, one of the UK's largest network infrastructure roll-out service pro

Scottish Financial Enterprise (SFE) has announced the appointment of Mike Tumilty and Louisa Knox as non-executive board directors. The industry body said the new appointments will bolster its ability to support industry ambitions to lead the journey to net zero and develop the strength of Scotland&

Rural business organisation Scottish Land & Estates (SLE) has announced three new appointments to its regional network. Mairi MacLeod Coleman has been appointed at the new chair of the Highland region, with Rob Whitson becoming vice-chair. In SLE’s Central region, Antony Gifford has been s

Edinburgh-based financial services consultancy CBS Consulting has reported 110 per cent growth in its revenues in a year dominated by the Covid-19 pandemic. The company provides change management advice and support to UK financial services companies in the areas of business transformation and digita

Supermarket chain Sainsbury's has decided against the sale of its Edinburgh-based banking operation after talks with potential buyers. In a statement, Sainsbury's said "all such discussions have now ended" and it will maintain ownership of Sainsbury's Bank, which has around two million customers acr

Accountancy firm Douglas Home & Co has warned that up to half of farm businesses could see profits wiped out entirely within three years as a result of subsidy changes. As part of Brexit, the Basic Payment Scheme is being phased out between 2021 and 2028, meaning farmers could lose between 50-70

Scottish law firm Macdonald Henderson has announced six hires and two senior promotions.

Edinburgh-based Mara Seaweed will benefit from over £600,000 in Scottish Government funding aimed at supporting the sustainable development of Scotland's "blue economy". Mara Seaweed will use the funding to increase its processing facility and explore new markets.

Three company directors have been banned following investigations which found that nearly £100,000 worth of Bounce Back loans had been inappropriately applied for, or misused. The UK government's Bounce Back Loan (BBL) scheme ran to March 2021 and provided loans of up £50,000 to help bus

A man who allegedly obtained a fraudulent Covid-19 business loan and used it to buy a rare Pokémon card is facing prosecution.

Edinburgh-based Par Equity has announced a multi-million pound investment in Artus, a designer and supplier of innovative HVAC (heating, ventilation and air conditioning) solutions. The new investment will be used to build awareness of Artus, develop the product portfolio and to grow the business gl

One in three (31%) mid-market businesses believe the increased tax burden is a top threat to future growth, according to a survey ahead of the Chancellor’s Autumn Statement. The findings from business advisory group Grant Thornton show that the increased tax burden is considered as big a threa

Dr Stuart Black has been unveiled as the next chief executive of development agency Highlands and Islands Enterprise (HIE). Taking up the post in January 2022, Dr Black has led the economic and community development agency’s Moray team since February 2020. Earlier this year, he took on ad

Law firm Aberdein Considine has made a number of senior appointments to its lender services practice group (LSPG) including the hire of a banking and compliance specialist. George McNaughton has joined the firm as the head of compliance for the firm's LSPG following a 30 year career in banking and f

Scottish retail sales should "regather some momentum" over the next few months, particularly in clothing as the winter weather sets in, Barclays has said. The latest retail sales data from the Office of National Statistics (ONS) shows a slight fall in retail sales across the UK last month.