News

Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG. Despite COVID related restrictions hitting the economy hard, the latest KPMG Ventur

The latest Business Distress Index from Begbies Traynor has revealed the number of UK SMEs in significant distress now stands at 620,000 an increase of 76,000 in Q4 2020, putting 2.8 million jobs under threat.

Privately-owned contractor GRAHAM has signed a multi-million contract with management consultants Solutino Pte Ltd (design and build contract with 6AQ Development Ltd), revamping a prime office building located in Glasgow’s International Financial Services District (IFSD).

Suzanne Sosna, interim director for global trade at Scottish Enterprise, outlines how the organisation is supporting Scottish companies following the end of the EU transition period. COVID-19 has changed everything; how we work, how and what we buy, who we spend time with, how we communicate, how we

Amsterdam has replaced London as Europe’s largest share trading centre last month, the Financial Times reports, as the Netherlands secured business lost by the UK since Brexit.

Mackie's of Scotland has experienced a 37% growth in ice cream sales throughout 2020, leading to a total UK-market share of an estimated 6% in all major retailers.

Codeplay Software, the Edinburgh-based Artificial Intelligence (AI) firm and machine learning technology developer, has agreed a landmark deal with the US government to enable its next-generation supercomputer. Codeplay’s contract with The National Energy Research Scientific Computing Center (

There are now 27.7 million adults in the UK with characteristics of vulnerability such as poor health, low financial resilience or recent negative life events in light of the coronavirus pandemic, according to the Financial Conduct Authority's (FCA) latest Financial Lives survey (FLS). The survey lo

A £70 million investment in economic growth for Argyll and Bute was agreed today with the formal signing of the area’s rural growth deal. The rural growth deal (RGD) brings together £25m each from the Scottish and UK Governments, and at least £20m via Argyll and Bute Council

Bitcoin uses more electricity annually than the whole of Argentina, according to an analysis by Cambridge University.

Bill Michael, the chairman of KPMG UK, has apologised after receiving public backlash for telling staff to "stop moaning" about working conditions during the coronavirus pandemic. In a virtual meeting with his team, Mr Michael was told about concerns over potential pay, pension and bonus cuts, the F

Scottish businesses are more optimistic for the future now, compared to the end of 2020, according to the latest Addleshaw Goddard Scottish Business Monitor. The monitor, which is produced in partnership with the Fraser of Allander Institute indicates that more firms are optimistic about their

New research by credit reference agency Equifax has revealed that the financial uncertainty of 2020 means 85% of people in Scotland will change the way they manage their personal finances in the immediate and long-term future.

The Institute of Directors (IoD) is urging the Chancellor to put entrepreneurs at the heart of the recovery, and avoid damaging tax hikes, in its Budget submission published today. As well as calling for an extension of measures to deal with the ongoing economic impact of COVID-19, the Institute cal

Glasgow-based retirement planner Guiide has announced two new directors and one advisor as it continues to help users create tailored drawdown pension plans. Philip Hodges and Steve Goddard have joined as directors while Julius Pursaill joins the team as strategic advisor.