Glasgow cancer diagnostics firm in £3.5m funding
ClinSpec Diagnostics Limited (ClinSpec Dx), the Glasgow-based developer of liquid biopsies for early detection of cancer, has reached its round two funding target of £3.5…
March 2021
Scotch whisky US tariffs suspended for four months
The UK and the US have agreed a four-month suspension of retaliatory tariffs imposed on UK goods such as Scotch Whisky over a long-running aircraft…
Weir rejoins FTSE 100 after 50% share price rise
Glasgow-based global engineering and mining giant Weir Group has returned to the FTSE 100 after its share price soared about 50% in the past 12 months amid…
Goldman-backed Aston Lark buys Bruce Stevenson
Aston Lark, the chartered insurance broker backed by Goldman Sachs, announced it has continued its rapid expansion through the acquisition of Bruce Stevenson Insurance Brokers….
Budget reaction: ‘missed opportunity, drop in ocean’
Aberdeen Standard Investments chief economist Jeremy Lawson has outlined what he called the “missed opportunities” of the UK budget. Lawson said the £40 billion worth…
Scotch Whisky welcomes tax freeze, but urges reform
The Scotch Whisky Association (SWA) said on Wednesday the UK Chancellor has offered some “breathing room” to distillers facing continued US tariffs by freezing spirits…
SSE appeals ‘certain elements’ of Ofgem price control
SSEN Transmission, the SSE subsidiary which owns the electricity transmission network in the north of Scotland, has confirmed that it intends to appeal certain elements of…
Royal London buys fintech Wealth Wizards
Royal London has announced the purchase of fintech business Wealth Wizards from Liverpool Victoria, subject to regulatory approval. Royal London is the UK’s largest mutual life,…
Hurricane shares down 13% on Shetland update
Shares of troubled West of Shetland oil and gas explorer Hurricane Energy plc fell another 11% on Tuesday after it published a stock exchange update on…
Devro revenue tops £247m as it swings to profit
Shares of Glasgow-based sausage skin and food collagen products firm Devro rose about 5% on Tuesday after it published results for the year to December 31,…
Brexit: £1.3 trillion and 7,600 UK jobs move to EU
The latest data from the EY Financial Services Brexit Tracker shows that UK financial services firms continue to move jobs and assets to the EU…
Weir revenue steady at £2bn but dividend on hold
Glasgow-based global engineering and mining giant Weir Group on Tuesday announced its results for the year ending December 31, 2020, showing revenue stable at almost £2…
Craneware first-half revenue up 6% to $38m
Edinburgh-based Craneware, a provider of software for the US healthcare market, said on Monday its revenue increased 6% to $38 million in the six months…
Macfarlane shares up 6% amid GWP acquisition
Shares of Glasgow-based packaging firm Macfarlane Group rose about 6% on Monday after it announced the acquisition of GWP Holdings Limited, the owner of GWP Group…
Takeover target Aggreko’s revenue falls to £1.3bn
Glasgow-based mobile power giant Aggreko said on Monday its revenue fell about 15% to £1.36 billion in the year to December 31, but the firm reported…