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‘Converge Challenge’ start-ups raise £1m

COMPANIES that have taken part in Heriot-Watt University’s “Converge Challenge” have raised more than £1 million between them since the competition began in 2010.A dozen start-ups have secured funding...

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Location Scotland proves to be increasingly popular

NOT many jobs involve finding a white tiger and a deer and then putting them together in the same room.Or tracking down a wolf or a painted sheep, or finding out if it’s acceptable to fire a gun in...

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Jeff Salway: Payday lenders have a place. No, really

ASK anyone about payday lenders and they’ll tell you about the huge interest rates they charge. That includes the borrowers that take them out, which is why the continued focus on the interest rates is...

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Sailor in £240k Forth Bridge Brewery fundraising bid

A FORMER member of the British sailing team has created his own crowd-funding website to raise £240,000 to build a biomass-powered brewery in Inverkeithing.Website designer Dave Robertson, 35, hopes to...

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Bill Jamieson: Scotland, debt and the moment of truth

A MOMENT of truth on the finances of an independent Scotland had to come some time. It is as well that it has come now.I do not refer solely to the “leaked Swinney document” on the volatility of oil...

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GlaxoSmith-Kline ‘ready to expand’ in Scotland

DRUGS giant GlaxoSmith-Kline is to invest in more research in Scotland including expansion at its two plants north of the Border.Chief executive Sir Andrew Witty admitted that the Montrose facility had...

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Warning over English bid to cut red tape on developers

A PLAN to ease red tape on property developers in England will accelerate moves towards a two-speed planning system north and south of the Border, a property agent has warned. The Westminster...

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Pensioners to face ‘granny tax’ woe

PENSIONERS with modest savings will see their incomes shrink from next month as the government presses ahead with the so-called “granny tax”.The controversial freeze in the personal allowance for...

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62 jobs lost as law firm Semple Fraser collapses

SEMPLE Fraser, the Scottish law firm, was placed in administration yesterday putting 62 staff in Glasgow and Edinburgh out of work.Tom MacLennan and Kenny Craig, partners in RSM Tenon, have been...

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GlaxoSmithKline boss’ commitment to Scots plants

THE head of Britain’s biggest pharmaceuticals company has pledged his commitment to its Scottish plants as part of its focus on research and development (R&D).In an interview with The Scotsman, Sir...

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A J Clark Group in receivership after late payments

A CIVIL engineering firm has blamed late payments by customers and a squeeze on profit margins for its collapse into receivership over the weekend.In a statement released on Saturday, Kilmarnock-based...

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Uisge Source to sell ‘drop that makes dram’ in US

A START-UP firm that has ­already sold 50,000 bottles of its specially-sourced water is aiming to break into the lucrative United States market with its “drop that makes the dram”.Uisge Source has been...

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MEP slams bankers’ pay rise as £9bn hike revealed

PAY at the world’s biggest banks rose last year, with 35 of them spending a combined €10 billion (about £8.8bn) more on staff than they did in 2011, a survey out yesterday showed.The study by Reuters...

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£60m fund for Scots life science and technology firms

SCOTTISH life science companies and technology firms are to share in nearly £60 million of fresh investment that is due to be unveiled today by UK science minister David Willetts.Cyclacel, the Dundee...

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Business briefs: Arran Blonde | WH Smith | GIP | Legal & General

ARRAN Brewery is toasting a 24 per cent rise in sales for its Blonde beer, making it the best-selling craft brew in Scotland during 2012, according to figures from Nielson Research.Blonde sold...

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Comment: Patience is still a virtue for property investors

AFTER a 22 per cent rise in the FTSE 100 index from its low last year, could prime housing be the next asset class to recover? And might prime Scottish property now be approaching an inflection point...

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Semple Fraser staff await job news from rival firms

STAFF from collapsed law firm Semple Fraser are waiting to see if noises from rival practices will materialise into solid job offers after the business fell into administration over the weekend.Tom...

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Week ahead: Morrisons gears up for online shopping

SUPERMARKET chain Morrisons is tipped to post a 6 per cent fall in full-year profits to about £887 million on Thursday, amid evidence it is lagging its big rivals in both convenience store and online...

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Mactaggart & Mickel in Miller Homes and Premier Inn deals

MACTAGGART & Mickel ­Timber Systems has won a series of contracts worth more than £1.4 million in total since the start of the year.The Bellshill-based company will provide 76 units for a Miller...

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Interview: GlaxoSmithKline chief Sir Andrew Witty

IT MAY be one of the biggest drug makers in the world, but the main talking point surrounding GlaxoSmithKline (GSK) in recent weeks has concerned two of Britain’s most popular drinks.The company...

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