Business

Shires Income plc, a company managed by abrdn, has seen its Net Asset Value (NAV) rise by 11.4% in the year ended March 31 2022. The company's share price also rose by 18.4% over the period, this compares against its benchmark, the FTSE All-Share Index, which returned 13.0%. Revenue return per share

Perth-based insurance giant Aviva has revealed that the proportion of insurance claims tainted with fraud increased by 13% in 2021. Aviva uncovered more than 11,000 instances of claims fraud last year, worth more than £122m. That is equivalent to detecting more than 30 bogus claims every day,

Property factoring business James Gibb has acquired the residential factoring division of Dundee-based J Reavley Factoring Limited. The acquisition will increase the number of properties currently under management at James Gibb by 1,400 units, taking the number to well over 52,000 units.

Scottish businesses were the least confident in the UK, although confidence remains in positive territory, according to a new survey by the Institute of Chartered Accountants in England and Wales (ICAEW) Business sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Scotland, publ

  A £4.3 million project to significantly improve the inner harbour at Ullapool in Wester Ross has secured an investment of up to £1.086m from Highlands and Islands Enterprise (HIE).

Glasgow-based Kelvin Smith Insurance Brokers has appointed two new directors. Longstanding employees Rena Ross and Scott Gardner will now sit on Kelvin Smith’s board alongside managing director Stephen Travers.

Quarterly investment volumes into Scottish commercial real estate reached £460 million in Q1 2022, up from £380m a year ago, according to Colliers’ latest Scottish Snapshot. According to Colliers, at £140m, retail investment accounted for 30% of all activity by value.

More than half (53%) of professionals in Scotland would be tempted to move to a company which offers a four-day week, according to the latest Quarterly Insights Survey from recruitment firm Hays Scotland. The survey found that 32% of professionals believe this will become a reality within two to fiv

Dundee-based engineering consultancy firm Mabbett & Associates has added a new regional office located within the Horizon Scotland Business and Innovation Centre in Forres. The move follows the firm acquisition of GH Johnston Building Consultants Ltd (GHJ) in February.

Scottish telecoms technology company Calnex Solutions has seen revenue growth of 23% to £22.0m in the twelve months to the end of March. The firm has posted its full-year results, revealing an 18% growth in adjusted profit before tax with figures reaching £6 million.

Edinburgh-based digital postage company Stamp Free Limited has raised £600,000 in an oversubscribed funding round. The company raised the funds at a pre-investment valuation of £4 million, double the £2 million pre-investment valuation of its seed one funding round in September 202

Aberdein Considine has announced that it is to merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses – which will trade under the Aberdein Considine brand – will together employ over 480 staff and have a turnover

Edinburgh-based financial services training provider Redmill Advance has entered into a partnership with True Bearing Chartered Financial Planners (part of the Amber River Group), providing digital learning solutions across the entire business. Under the new partnership, True Bearing benefits f

Amity Fish Company, a Peterhead fish firm that switched from wholesale to e-commerce landed the FSB Small Business of the Year 2022 award at a special ceremony that took place in Glasgow yesterday. The firm, led by Jimmy Buchan star of the BBC’s Trawlermen TV series, netted the overall prize a

Almost a quarter (24%) of Scottish small or medium-sized enterprises (SMEs) have seen the number of late payments they receive increase since the cost of living has gone up, according to new research from Barclays.