Business

Asset & wealth management firm AssetCo has reached an agreement on the terms and conditions of an all-share acquisition of River and Mercantile Group (RMG), in a deal worth £98.8 million. The deal takes the number of asset management businesses it has acquired in the past year to four.

Startup Grind Scotland has secured funding to take Scottish startup and scale-up founders to the two-day 2022 Startup Grind Global Conference in Silicon Valley in April.

Scottish private equity outfit Inverleith LLP has acquired a majority stake in Eden Mill St Andrews after the firm invested an undisclosed amount into the whisky and gin brand. Eden Mill is currently embarking on the development of its carbon-neutral single malt whisky distillery in St Andrews which

Theodore Agnew, a Treasury and Cabinet Office minister, resigned yesterday over the UK Government's decision to write off £4.3 billion in fraudulent COVID-19 loans. Mr Agnew labelled the oversight of the scheme “nothing less than woeful” and accused officials of “schoolboy er

A café franchise business has opened Cumbernauld’s first-ever drive-thru Costa Coffee, creating 25 new jobs thanks to £850,000 funding from HSBC UK. Coffeepots Limited, which officially opens the doors to a new Costa Coffee café in Cumbernauld’s town centre on 1st Feb

Scottish construction consultancy Soben has announced the expansion of its global operations into APAC with the launch of its Singapore office, supported by two new senior appointments. Andrew Murie will take the role of Soben APAC CEO, with Callum Agnew joining as director – mission critical.

The board of Walker’s Shortbread Ltd has appointed Nicky Walker as its new managing director with immediate effect. Mr Walker joined the family firm 25 years ago, was appointed to the Board in 2007 as production director and has been instrumental, working alongside his late father, Joe, in dev

Innis & Gunn has revealed plans to open its fifth taproom on Glasgow's West Nile Street.

Lismore Real Estate Advisors has advised an overseas investor on the purchase of two prime logistics units located in Aberdeen.

Unbranded Finance has completed a £2.5 million bridging loan on behalf of Courie Investments Limited, secured against a prime Glasgow City Centre office building with planning permission for a 113-room aparthotel at 249 West George Street, on the corner of Blythswood Square.

St Andrews-based Pneumagen, a clinical-stage biotech company, has raised £3.8 million to advance clinical development and manufacturing of its lead product Neumifil. The financing round was co-led by existing investors, Thairm Bio and Scottish Enterprise.

Fife-based retinal imaging company epipole is set to grow its presence within the global ophthalmic imaging market after raising £1.3 million in new investment. The company’s handheld epiCam enables clinicians to record epiStreams - scans of the retina using real-time video - from which

Economic growth in Edinburgh and Glasgow is set to more than double in 2022 while the two cities are also predicted to achieve record levels of employment, according to forecasts published by strategic real estate advisor Avison Young.

David Ferguson, the founder and former CEO of Edinburgh-based Nucleus Financial Group, has been appointed as CEO of investment technology firm Seccl. Mr Ferguson will join the Octopus Group-owned firm on April 4, subject to FCA approval.

As more information emerges about the Omicron variant and restrictions begin to ease, Scotland’s GDP is expected to grow by 4.8% this year, according to new analysis by KPMG UK. With Omicron posing a milder setback than earlier strains, KPMG expects all regions and nations to reach their pre-C