Business

Glasgow-based industrial strapping, banding and load securing firm, Reid Brothers UK is poised for expansion with support of a six-figure funding injection from UKSE. With roots tracing back to 1868, this is the firm's third funding round from UKSE with previous support enabling a management buy-out

Approaching its 150th anniversary, Scottish food and drinks wholesalers Dunns Food and Drinks has announced an ambitious growth target. The family-owned company, founded by Joseph Dunn in 1875, aims to achieve a turnover of £50 million by 2025, a significant rise from the £37.5m rec

Springfield Properties has highlighted the "decisive action" taken to address build cost inflation and the "strong" fundamentals of the housing sector in Scotland as the housebuilder revealed it expects to record its highest ever annual revenue. In a trading update issued today, the g

Confidence among the finance leaders of the UK’s largest firms has dipped in the second quarter, partially unwinding the sharp rise in sentiment seen in Q1 2023, according to Deloitte’s UK CFO Survey Q2 2023. A net -10% of CFOs are more optimistic about their firm’s financial prosp

The Artisanal Spirits Company, the owner of the Scotch Malt Whisky Society (SMWS), has hailed strong performance in the first six months of this year.

Edinburgh-based investment manager Foresight Group has invested in UK-based agriculture company Harvest London, aiming to drive the growth of the vertical farming industry. The deal was advised by the corporate team at law firm Burges Salmon, led by partner Danny Lee and solicitor Nikoletta Zinonos.

ZLX Business Solutions, a research and development (R&D) tax credit specialist, and independent financial advisor, Ascot Lloyd, have agreed to deliver complementary services to offer financial peace of mind to businesses operating across the UK. The partnership will result in greater depth of pr

Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl

Finance provider Bibby Financial Services (BFS) has appointed Gayle Robertson as business development manager as it continues to drive new business volumes throughout Scotland. With almost two decades of experience in banking and commercial finance, Gayle Robertson joins from Lloyds Banking Group wh

Moray-based LH Stainless Ltd (LHS), a processing equipment manufacturer for the distilling industry, has secured an investment of up to £149,000 from Highlands and Islands Enterprise (HIE), facilitating an ambitious £745,000 expansion project.

Aberdeen-based software company STC INSISO has entered into a technological collaboration with global logistics firm Peterson Energy Logistics. STC INSISO's role in the partnership will centre on aiding the further development of Peterson's logistics platform, Lighthouse.

Scottish businesses are exhibiting greater confidence in their growth over the next year, compared to the European average, according to the latest Accenture / S&P Global UK Business Outlook. This optimism, despite a decline from +35% in February to +22% currently, surpasses the European level o

Barratt Developments has said it anticipates a 15% drop in profits this year amid a sharp decline in demand for homes, particularly from first-time buyers. In a trading statement, the homebuilder said adjusted profit before tax is "anticipated to be in line with current market expectations", which i

Planet DDS, a Californian dental software company, has chosen Glasgow as the location for its new technology development and support centre, marking a significant investment in Scotland's economy.

Scottish pie and pastry maker Bells Food Group has retained its fourth place in the 2023 Kantar Scotland Brand Footprint report as one of Scotland's most chosen brands by shoppers. The announcement coincides with the initiation of a £250,000 investment scheme by the company to expand its pie p