SAWCONCEPTS

Coatbridge-based Galino Limited, a manufacturer of fasteners and machine-screw products in business for 45 years, has been placed into administration, with all 12 staff made redundant. David McGinness and Judith Howson of AAB Business & Tax Advisory have been appointed joint administrators. Administrator David McGinness said the business ceased to trade on appointment and that […]

Scotland’s financial and professional services sector has added around 21,000 jobs since 2023, taking total employment to about 157,000, according to a five-year strategy midpoint update from Scottish Financial Enterprise (SFE). The update, published to mark SFE’s 40th anniversary, records 15% employment growth over the period. The sector’s gross value added has risen from £14.3bn […]

The British Business Bank has committed £10m to Edinburgh-headquartered Odyssey Ventures as a cornerstone investor in the firm’s new seed and pre-seed fund, Odyssey Discovery I. The commitment forms part of the Bank’s Nations and Regions Investment Programme, which allocates capital to fund managers outside London. Odyssey Discovery I is a roughly £39m ($50m) fund […]

British Gas parent Centrica has confirmed plans to cut about 1,300 jobs over the next two years, with contact-centre teams in Glasgow and Edinburgh among the sites affected. The reductions were announced alongside the company’s half-year results on Thursday, which showed an 18% drop in first-half adjusted profit to £737m. Around 500 of the roles […]