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Finance

Sumitomo’s £200m investment in subsea cable factory to boost Highlands green jobs

Published 1 year ago

In a significant boost to Scotland’s green energy sector, Sumitomo Electric Industries, a Japanese multinational corporation, has announced a £200 million investment in a new high-voltage subsea cable manufacturing plant.

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Steyn Group funds Carbon Capture Scotland’s ambition for largest carbon capture plant

Published 1 year ago

Supported by Thorntons, Dumfries and Galloway-based Carbon Capture Scotland has secured a seven-figure sum investment from Steyn Group to facilitate further growth.

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Port of Aberdeen returns stronger post-pandemic with £21.3m operating profit

Published 1 year ago

In a significant turnaround, the Port of Aberdeen has reported a return to pre-pandemic activity levels in 2022, a year ahead of predictions.

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Compack Cartons unveils new £13.5m facility in Livingston

Published 1 year ago

Today, Compack Cartons’ latest packaging facility in Livingston was inaugurated by the cabinet secretary for wellbeing economy, fair work and energy, Neil Gray, following a £13.5 million investment by Port Glasgow-based McLaren Packaging.

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Over 300 new jobs created as Topgolf Glasgow swings into action

Published 1 year ago

Entertainment venue Topgolf Glasgow has generated over 300 new jobs at its site in Rutherglen, South Lanarkshire since its inauguration last year.

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SRC & KPMG: Easter provided slender uptick to Scottish retail sales

Published 1 year ago

Easter lifted Scottish retail sales in April, as total sales in Scotland rose by 9.1% compared with April 2022, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

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Affordable loans provider Scotcash to stop lending and wind down

Published 1 year ago

Glasgow-based affordable loans firm, Scotcash, has announced the termination of its lending services, citing a challenging economic, regulatory, and funding environment.

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Perthshire’s Land Rover Experience Scotland transfers 83% of company into employee ownership

Published 1 year ago

Land Rover Experience Scotland, based in Dunkeld, Perthshire, has transitioned to an employee-owned business structure, providing its staff with an 83% share in the company via the creation of an employee ownership trust (EOT).

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James Anderson returns to investment scene with Agnelli dynasty’s Lingotto

Published 1 year ago

Renowned investor James Anderson, former co-manager of Scottish Mortgage Investment Trust and retired partner of Baillie Gifford, has emerged from retirement to join Lingotto Investment Management, a firm owned by Italy’s Agnelli industrial dynasty.

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Apollo drops £1.7bn bid for Wood Group

Published 1 year ago

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.

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Fiona Cameron: Moving with the times – the Moveable Transactions (Scotland) Bill

Published 1 year ago

Fiona Cameron, banking partner in Shoosmiths’ Glasgow office, examines the significance of the recently passed Moveable Transactions (Scotland) Bill and outlines why it’s likely to be welcomed by Scotland’s banking practitioners and lenders.

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Record £1m turnover for Edinburgh-based Armstrong Gardens and Landscapes

Published 1 year ago

Armstrong Gardens and Landscapes, an Edinburgh-based garden design and build specialist, has bounced back from the pandemic to report a record turnover of more than £1 million.

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Johnston Carmichael appoints Amanda Collinson as international tax director

Published 1 year ago

Johnston Carmichael has strengthened its specialist tax team with the appointment of Amanda Collinson as international tax director.

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SAIC reaches 100-project milestone following latest £2.5m funding round

Published 1 year ago

The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5 million, taking its total investment in research and development initiatives to 100 projects.

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Edinburgh’s Margiotta to open new store following £725k HSBC funding

Published 1 year ago

Margiotta, a family-run independent convenience retailer in Edinburgh, is poised to grow its footprint, backed by a £725,000 investment from HSBC UK.

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