The UK economy has demonstrated a slight recovery with a 0.2% month-on-month increase in GDP in August, a modest upswing following July’s significant 0.6% decline, according to the latest ONS figures.
Edinburgh and its surrounding area has emerged as the UK’s top innovation-led cluster for equity deals outside of the ‘Golden Triangle’ of Greater London, Oxford, and Cambridge, according to a new report launched today by the British Business Bank.
The farmer in charge of one of a Scottish organic dairy farms is looking to expand his range of dairy products, forge new business relationships and better manage his cashflow thanks to a tailored Invoice Finance facility from Optimum Finance.
In a bold step to further support underserved SMEs, challenger bank Alba Bank, founded in Glasgow in 2018 by entrepreneur Jim McColl, has partnered with Mambu’s cloud banking platform, aiming to better manage its lending services and both retail and business deposits.
The directors of Tayport-based Foodmek Ltd have applied to the court to appoint insolvency specialist Shona Campbell of Henderson Loggie as liquidator. Closure of the 52-year-old firm affects 32 jobs.
Scotland’s private sector experienced a decline in September, with output falling for the first time since January, according to Royal Bank of Scotland’s (RBS) latest PMI survey.
Edinburgh-based sports streaming platform Recast Sports has been reacquired out of administration by founder Andy Meikle through Content Technology Partners (CTP), a firm in which he holds a significant stake.
The British Business Bank has unveiled its new £150 million Investment Fund for Scotland, unlocking additional funding to help smaller businesses to prosper and thrive.
Renfrewshire-based Beeks Financial Cloud has reported a year of continued growth, underscoring its increasingly influential presence in the global financial services sector.
The Institute of Chartered Accountants of Scotland (ICAS) has raised concerns in response to the Chancellor’s announcement proclaiming an immediate cap on the Civil Service headcount.
Scotland’s sole commercial gold miner, Scotgold Resources, has placed the majority of its staff on unpaid leave “until further notice” as it continues to grapple with significant financial constraints.
Family-owned car dealership Arnold Clark has paid £67 million worth of dividends to the family owners, a sum almost equivalent to the company’s furlough payments during the pandemic.
The organisation managing the St Andrews Old Course has experienced a financial turnaround with a return to pre-pandemic revenue levels, posting a profit of £3.7 million in 2022.