The employee-owned hotel in 2019, before the coronavirus pandemic, highlighted the challenges it had faced in recruiting staff in the wake of Brexit.

University signs seven-figure licensing agreement for groundbreaking cancer research

The University of Edinburgh has signed a multi-million pound license agreement with a US pharmaceutical company to advance research into new drugs for hard-to-treat cancers.

Nuvectis Pharma of New Jersey paid an initial fee of $ 3.5 million (£ 2.5 million) for the exclusive worldwide rights to a new small molecule developed at the University’s Cancer Research UK Edinburgh Center within from the Institute of Genetics and Cancer. Known as NXP900, the compound inhibits the activity of SRC / YES1, a family of proteins associated with cancer growth.

Nuvectis is expected to begin studies later this year that will lead to an Investigational New Drug (IND) application to the United States Food and Drug Administration.

Tenez brewer returns to profit as new president revealed

The owner of Tivez’s Lager yesterday unveiled the appointment of Scottish brewery and pub veteran Ralph Findlay as new chairman after signaling his return to profitability following the upheaval caused by the pandemic.

The Dublin-based C&C Group has appointed Mr Findlay, Managing Director of Marston’s, as director and president-elect. The Scotsman will join the board as a non-executive chairman on March 1, before succeeding Stewart Gilliland as chairman after the company’s annual meeting in July.

The appointment was announced shortly after C&C said it had made a “strong return to trading” during the six-month period ended Aug. 31, spurred by the easing of trade restrictions, good summer weather, the Euro 2020 and stays.

ScotWind bidders aim to create jobs in floating wind farms

European renewable energy heavyweights have said they will create thousands of jobs in Scotland if they succeed in applying under ScotWind’s historic license cycle.

The Floating Energy Allyance partnership has said its proposals for a floating offshore wind farm could create 3,900 jobs in Scotland at the height of manufacturing and construction.

Most of the jobs would be related to the fabrication of the concrete floating foundations for the project. The partnership is committed to building the foundations in Scotland and has already identified a preferred port location on the east coast, without giving further details.

Springfield Properties hails market resilience as sales surpass £ 200million for the first time

Springfield Properties shrugged off the fallout from the pandemic, including the pressure of supply chain disruption, to signal a big jump in profits in its most recent fiscal year.

The Elgin-based home builder increased sales to over £ 200million for the first time as it signaled the benefit of completing homes that were originally due to be completed the previous year, as well as the increased demand for larger homes with green spaces as people continue to work from home. Profits jumped 81.4% to £ 18.5million as revenue rose 51% to £ 216.7million in the fiscal year ended May 31.

The results were driven by an increase in housing completions to 973 from 727.

Insight, Analysis, Opinion

Scott Wright: What do the major office contracts tell us about the future of Scottish cities?

Ian McConnell: Two taken leave … unfortunately that of Rishi Sunak will mean misery

Mark Williamson: SNP government risks investment in North Sea

Ian McConnell: Is Boris Johnson’s National Insurance Rise a #BrexitTax?

Kristy Dorsey: New travel rules are late, but better than ever

Characteristics

Focus on employment: Covid reverses the rise in employment of older workers

Monday interview: Former Michelin chef Dundee backs takeover of Scottish manufacturing

SME objective: Former Goldman Sachs executive starts Edinburgh butter business

From the information session: Scottish investment veteran Alan Steel dies

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