Scottish business angel syndicate Archangels has secured a £12 million co-investment agreement with British Business Investments through its Regional Angels Programme.
Regional private equity and infrastructure investment manager Foresight Group has made a £2 million investment into RFB Containers Limited to facilitate the acquisition of Forth Containers Limited, a Bathgate-based company.
Scottish businesses have witnessed a surge in confidence, registering in positive territory for the first time in a year, despite the ongoing challenges, according to a survey by ICAEW.
Scottish battery manufacturer AMTE Power has secured a £1 million bridging loan from Arena Investors LP, providing a lifeline to the company as it was on the brink of administration due to financial distress.
Integrity365 Ltd, a UK-wide financial advisory service, has acquired MacDonald Partnership and Hart Wealth, the financial advisory arm of Hartinsure Limited.
Dundee-based investment firm Alliance Trust has announced that its investment manager, Willis Towers Watson (WTW), has appointed Dalton Investments LLC (Dalton) as a new Stock Picker for its multi-manager global equity portfolio.
The British Business Bank is working with Mint Ventures – Scotland’s women-led angel investment syndicate – to improve access to finance for female business owners and to grow the pool of women angel investors.
The number of companies filing for administration in Scotland has jumped significantly year-on-year, as cost inflation, rising interest rates and sluggish growth continue to bite Scottish businesses.
In response to a surge in online financial promotions, often involving illegal activities, the Financial Conduct Authority (FCA) has announced is preparing to bolster its regulations, particularly in the area of social media guidelines.
The Institute of Chartered Accountants of Scotland (ICAS) and the Law Society of Scotland have called on the Scottish Government’s newly formed tax advisory group to embark on an active reform agenda.