News

Virgin Money, owner of Glasgow-based Clydesdale Bank, has completed a new deal supporting Scottish Hydro Investment Limited (SHIL) in the acquisition of two operational hydro schemes from Guinness Asset Management.

Aberdeen-based STC INSISO has reported record revenues of £950,000 for the first quarter of 2021 since STC Global and INSISO merged earlier this year, putting them on course to achieve an annual turnover exceeding £2.5m. The business performance improvements firm has secured £1.5m

Family-run jewellers Laings has unveiled its vision for the future, with ambitious new plans to strengthen its presence across the United Kingdom. After celebrating 180 years of trading in 2020, Laings is now looking ahead to build on its legacy with extensive expansion plans set to be unveiled, aim

Raimes, Clark & Company, one of Scotland’s largest independent pharmacy groups, has increased its profit by 9% throughout the course of the coronavirus pandemic.

Deloitte has announced nine new partner and director appointments in Scotland as the firm bolsters its leadership team and invests in its Scottish business. Lesley Smillie and Stephen Pratt have been appointed to partner in Edinburgh and Michael Caullay has been promoted to partner in Glasgow.

Anderson Anderson & Brown (AAB) has announced the promotion of Natalie Boyle to audit director within its Glasgow office. Ms Boyle who is a graduate of Glasgow Caledonian University has 10 years’ experience in the industry and joined Hardie Caldwell three years ago. Most recently she held

Chartered accountants Wylie & Bisset has backed Hospitality UK’s warning of a ‘long Covid for the economy’ as firms face huge levels of debt as the economy reopens. With the hospitality sector having amassed £2.5 billion of rent debt with another £6bn worth of gover

Big Four accountancy firm Deloitte is to allow its 20,000 UK employees to choose how often they come into the office, if at all, after the pandemic. Deloitte said it would let staff decide “when, where and how they work” after the success of remote working during the Covid crisis.

Mark Brown, partner at Aberdeen chartered accountancy practice Meston Reid & Co, has warned businesses who have accessed schemes such as furlough and the Self-Employment Income Support Scheme (SEISS) to prepare for additional checks on their practices. HMRC is getting serious about pursuing frau

An exclusive-use castle in Moray is set to open its doors to the public following the completion of a significant refurbishment, enabled by a £550,000 funding package from Royal Bank of Scotland.

Edinburgh-based fintech company Aveni has secured an investment of £1.1 million led by the TRICAPITAL Angel syndicate to launch a ground-breaking Artificial Intelligence (AI) platform which is leading the way in a new era for speech analytics in business. Aveni Detect uses the latest advances

Scotland continues its decade-long trend as the UK’s most attractive region for financial services foreign direct investment (FDI) outside of London, according to EY’s latest UK Attractiveness Survey for Financial Services.

The number of sub-1% mortgages on offer in the UK has increased as major banks and lenders extend their ranges. HSBC UK has unveiled a rate below 1% for the first time in nearly five years, while Nationwide Building Society is offering a 0.99% mortgage fixed for two years for borrowers with a 40% de

Bank of America Merrill Lynch and Credit Suisse have urged the Bank of England (BoE) to raise interest rates faster than expected to avoid soaring inflation rates. The call comes as the two banks brought forward their projections for the first interest rate rise since August 2018. While the lenders

The Scottish Startup Survey 2021, run by the Engage Invest Exploit (EIE) team at the University of Edinburgh’s Bayes Centre, has revealed how Scottish startups have been faring throughout the pandemic. A total of 75 startups drawn from EIE alumnus companies - EIE has supported over 500 tech st