News

The new Scottish National Investment Bank (SNIB) has been set three core missions to ensure it addresses the “grand challenges” facing Scotland. The missions have been confirmed to the Bank after being approved by MSPs.

Scottish Enterprise (SE) has announced plans to approve large grant funding of up to £0.5 billion for up to 160 new company projects before the end of the financial year.

Edinburgh-based financial services company Nucleus Financial Group has confirmed that it has received a number of offers to buy the company. Nucleus said it has received separate proposals from Integrafin Holdings plc and Epiris LLP in conjunction with its associate James Hay Partners

Eco Communications Limited, which operates across the UK from bases in Scotland and Cumbria, has announced the signing of an agreement to purchase Integrity Office Limited, the Carlisle-based IT solutions provider. The financial terms of the transaction between the two businesses are not being discl

Edinburgh-based start-up Data Innovation.AI has been awarded an additional Innovate UK grant to continue its pioneering development of an AI-driven bio-safety assessment tool for COVID-19 and other infectious diseases. The firm is investing further in the development of its WorkSafeAI solution &ndas

Aberdeen-based niche Microsoft365 consultancy, Appetite for Business has agreed a new lease extension at Aberdeen Innovation Park, the commercial premises owned by Moorfield Group, on behalf of the Moorfield Real Estate Fund III. Appetite for Business, which is owned and led by award-winning bu

Supermarket giant Tesco has announced that it will repay the £585 million of business rates relief received in respect of the COVID-19 pandemic. Tesco has said that it is 'immensely grateful' for the financial and policy support provided to it by the governments of the UK. It said the support

British businesses are creating a new trading footprint around the world, according to a new report, A New World for Global British Business, by Lloyds Bank and Aston Business School released today. As the UK prepares to conclude its exit from the European Union, nearly one in five British exporters

Attention has been drawn to South Africa's national lottery as an unusual sequence of numbers was drown on Tuesday.

Bathgate-based Macdonald Hotels & Resorts, one of Scotland's largest hotel groups, has appointed chartered accountant and former senior executive of Jamie's Italian, Tara O'Neill as its new chief executive. The firm labelled the recruitment of Ms O'Neill as a 'pivotal' move for the company, whic

MIME Technologies, a med-tech spin-out from the University of Aberdeen, has secured up to £161,000 of funding from Highlands and Islands Enterprise (HIE).

activpayroll, the global payroll and tax compliance specialist headquartered in Aberdeen, has broadened its portfolio of services by launching global HR services. The firm has said it is delighted to expand into the HR arena and the newly-launched global HR services capability currently stretches ou

Aberdeen Standard Investments (ASI) has launched a new MyFolio Sustainable Fund range offering investors access to five risk graded, multi-asset portfolios that aim to do ‘more good and less harm’. The ASI MyFolio Sustainable range offers five funds with different expected combinations o

The Chartered Institute of Taxation’s (CIOT) Low Incomes Tax Reform Group (LITRG) is warning that some of the lowest paid workers stand to benefit the least from the Scottish Government’s new £500 bonus payment to NHS and care workers if the payment is taxed. First Minister Nicola

Aberdeen-based drilling firm MRDS Group has announced the appointment of Craig Yeoman as finance director. With nearly 30 years’ commercial, corporate finance and banking experience, Me Yeoman is well known across the UK and international industry landscape, having previously held positions wi