News

The Scottish business community has largely welcomed Chancellor Rishi Sunak's 'Budget for recovery' which extended the furlough scheme, froze income tax rates for five years and increased corporation tax to 25%. The Chancellor announced that the increase in corporation tax would not take effect

Dundee-based investment company Alliance Trust increased its total ordinary dividend by 3% in 2020, marking the 54th consecutive annual rise for the firm. The news comes as Alliance Trust posted its annual results for the year ended 31 December 2020.

Glasgow-based ClinSpec Diagnostics Limited (ClinSpec Dx) has reached its round two funding target of £3.5 million by securing an additional investment of £1.1m. The firm which develops liquid biopsies for early detection of cancer has secured the £1.1m investment from Norcliffe Cap

The practice of diversifying investment portfolios is almost as old as investing itself.  Not placing all of your financial eggs in one basket is diversification in a nutshell. It makes perfect, logical sense: spreading your money over numerous equities or securities, spreads the risk. If certa

The Glencadam Distillery in Brechin has seen pre-tax profits soar to £17.5 million in 2020 despite the economic uncertainty caused by the coronavirus pandemic. According to accounts filed by the distillery's owner Angus Dundee Distillers, the pre-tax profits rose from the £12.4m recorded

Midlothian recycling firm NWH Group has acquired the business and assets of J&J Stanley Recycling in Blaydon, Tyne And Wear. The business was acquired for an undisclosed sum and will add approximately £5 million to NWH Group’s annual turnover.

Lanarkshire-based sausage skin maker Devro has published promising annual results after its underlying profits for 2020 increased by 4% to £40.8 million.

The UK new car market declined by 35.5% in February as 28,282 fewer units were registered according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

The contactless payment limit in shops is to rise to £100. The Treasury has said that the change from the current £45 limit would make transactions easier than ever and would provide a big boost to the UK's struggling retail sector.

The impact of COVID-19, Brexit and the climate emergency is accelerating deep and dramatic changes to the make-up of Scotland’s critical financial sector, according to a comprehensive report. Edinburgh-based Core-Asset Consulting’s Industry Trends and Salary Guide is a forensic revi

A man who shares a surname with a derogatory term is suing a major academic institution over its definition. Italian man Francesco Terrone, 59, is seeking to have the prestigious Accademia della Crusca amend its definition of terrone.

Aston Lark, the chartered insurance broker backed by Goldman Sachs has acquired Edinburgh-based Bruce Stevenson Insurance Brokers. Under the acquisition, The Bruce Stevenson name and brand will remain and will continue to operate as a separate legal entity. All staff will also remain with the busine

Team Magnus, a Scottish junior sports and adventure goods firm with operations globally, has secured a £175,000 Coronavirus Business Interruption Loan (CBILS) from HSBC UK to meet the exceptional demand for its products, and to safeguard several jobs. The firm, which is based in Auchterarder a

Glasgow-based Maven Capital Partners has led a £1.54 million funding round for Adimo, a marketing technology platform based in the same city that enables FMCG brands to turn their digital marketing campaigns into shoppable experiences. Using real-time information on price, promotions

Continulus, the Glasgow-headquartered online video-learning platform for health professionals, has secured half a million pounds of equity investment from a consortium of UK investors. The funds will be deployed to strengthen the Continulus management team, as well as enhancing the company’s t