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News
Chance of rates rise heightens as inflation re-emerges – Daily Business
12+ hour, 58+ min ago (453+ words) A move on interest rates had been all but ruled out until the US and Iran resumed hostilities and forced the price of oil higher. The market is now pricing in a 60% chance of a September rate hike from the…...
Greens to force vote on data centre moratorium – Daily Business
13+ hour, 28+ min ago (426+ words) Scottish Greens will use an opposition debate on Wednesday to force a vote on halting all hyperscale data centre applications, amid a huge wave of speculative proposals across the country. The party says its move is prompted by a ‘lack…...
Maybury Casino added to Hurstwood portfolio – Daily Business
3+ day, 16+ hour ago (522+ words) Maybury Casino in Edinburgh is the latest addition to the growing Scottish portfolio Hurstwood Holdings’ subsidiary AM Sci Tech. The acquisition of this landmark Art Deco leisure property for £2.9 million strengthens the company’s presence in the capital, following the recent…...
Scottish firms adding jobs despite subdued market – Daily Business
4+ day, 21+ hour ago (400+ words) Jobs are being created among Scotland’s private sector businesses, despite subdued market conditions, as they anticipate a rise in orders. The Royal Bank of Scotland Business Activity Index – which measures month-on-month changes in the combined output of Scotland’s manufacturing and…...
Aberdeen Group hires Magnusson as new chair – Daily Business
5+ day, 1+ hour ago (515+ words) Aberdeen Group has ended its long search for a successor to Sir Douglas Flint by appointing Torbjörn Magnusson as chairman of the Edinburgh-based investment manager. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair…...
Aberdein Considine Wealth acquired by Shackleton – Daily Business
5+ day, 2+ hour ago (500+ words) Aberdein Considine Wealth, trading as AC Wealth, has been acquired by Shackleton Advisers, which will significantly expand its presence in Scotland. The acquisition adds about £800 million in assets under management or advice to Shackleton, taking the total in Scotland to…...
Naming a New Business? The Domain Check Founders Leave Until It's Too Late – Daily Business
5+ day, 15+ hour ago (287+ words) Every year, thousands of founders spend weeks agonising over a company name. They test it on friends, mock it up in a logo, run it past a business partner over coffee. Then, on the morning they plan to register, they…...
Soho Square backs Strathberry and takes board seat – Daily Business
5+ day, 22+ hour ago (533+ words) Scottish luxury leather brand Strathberry, popular with celebrities and royalty, has secured equity investment from Soho Square whose director David Steel will take a seat on the board. Founders Guy and Leeanne Hundleby will continue to retain control of the…...
Shetland spaceport given £30m towards lift-off – Daily Business
6+ day, 1+ hour ago (261+ words) Scotland’s spaceport on the Shetland island of Unst has moved closer to its first commercial rocket launch after receiving £30 million as part of the UK government’s space strategy. SaxaVord Spaceport, a former RAF radar station, has been turned into the…...
SE sees exports support fall and write-offs rise – Daily Business
6+ day, 12+ hour ago (239+ words) Scottish Enterprise saw a lower level of export support last year and was also forced to write off more than £21 million invested in failed early stage companies. The development agency said it helped “ambitious Scottish businesses” generate £2.15 billion in exports…...