News

Kenoteq, a clean-tech spin-out from Heriot-Watt University, has been awarded £1 million in funding by Zero Waste Scotland to commercialise production of its revolutionary brick made of recycled construction waste, the K-Briq, to more than two million bricks per year. The unique, multi-award-wi

ILC Therapeutics, a Glasgow-based biotechnology company, has announced its latest pre-IPO funding round to advance its lead novel hybrid interferon drug candidate. The firm has also announced the appointment of Peter Bains as non-executive chairman, Richard Morgan as a non-executive director and All

Police officers have gone on strike over a shortage of trousers. Officers in El Puerto de Santa Maria in the south of Spain say they should have received new service trousers in 2016.

The Ardgowan Distillery has today launched Shipwright – the second in its Clydebuilt series of limited-edition whiskies. The premium dram – which retails at £49.99 via the distillery’s online shop – is a blend of single malts from Speyside and Highland distilleries whol

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, who was sentenced to 14 years in prison, has had his jail time cut to ten years. Scottish Financial News reported in April last year that Mr Greig conned more than 140 clients, telling investors he would put their

Jim Burberry, RSM's head of VAT and indirect tax in Scotland, discusses the impact of the devolution of VAT in Scotland. The SNP’s election manifesto makes a commitment to ‘Strengthening of Scotland’s tax powers with the devolution of VAT’ (page 47).

Avondale Care Scotland has agreed a £10.2 million loan with Barclays to accelerate its long-term growth plans and expand its portfolio. The funding package ensures the care home operator has access to capital to provide premium facilities to residents and supports the acquisition of residentia

Accountants need to keep up their guard when taking on new clients and make sure anti-fraud checks are rigorous enough to combat a potential increase in criminal activity driven by the global pandemic, according to a new report from the Association of Chartered Certified Accountants (ACCA) ACCA has

The COVID-19 pandemic is making it harder for people living in Scotland to achieve better opportunities in life, according to new research by PwC, which suggests government and businesses must take radical action to avoid furthering inequalities in society. As Westminster and Holyrood Governments pl

A three-year project to restore confidence and resilience in the Outer Hebrides’ tourism sector has secured £375,354 from Highlands and Islands Enterprise (HIE). The £710,652 project, led by destination management organisation Outer Hebrides Tourism (OHT), will deliver a series of

Multinational law firm Pinsent Masons has launched a unique equality law specialism that supports businesses in managing the cultural and legal aspects of discrimination and inclusion issues. The new practice addresses a broader challenge facing organisations when equality issues arise, by identifyi

FinTech Scotland is developing a ten-year business-led research and innovation roadmap which will support the growth of Scotland’s digital economy and the development of fintech innovation across the UK. This implements one of the recommendations highlighted in the recent Kalifa FinTech Sector

A year on from the launch of the Bounce Back Loan Scheme (BBLS), almost one in three (29%) small and medium-sized businesses who took out a loan are not aware of the Pay As You Grow (PAYG) options, according to research by Bank of Scotland owner Lloyds Bank. Through the government’s PAYG schem

The demise of the UK’s retail industry has left empty premises with enough space to provide nearly 25,000 homes to a market value of £7.4 billion, according to new research.

The UK economy shrank by 1.5% in the first quarter of 2021 as the winter coronavirus lockdown restrictions took hold.