Business

Protective packaging specialist Macfarlane Group has given a trading update reporting an 11% in revenue, despite weaker volumes, for the YTD to the end of October. The board expects the group’s results for 2022 to be ahead of last year and in line with its full year expectations.

SSE has reached agreement to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers’ Pension Plan board in a transaction valued at £1.465 billion. The energy giant says the deal will help unlock significant growth in both the tr

Scottish energy storage specialist Gravitricity has secured £194,00 from the UK government to find a demonstration site in India suitable for its gravity energy storage technology. Gravitricity has developed an innovative energy storage system which works by raising heavy weights – total

Russwood, a timber manufacturing and processing firm, has secured a green jobs investment worth £180,000 from Highlands and Islands Enterprise (HIE). The Newtonmore business is undergoing a £1.5 million project to expand and become a more modern, technological advanced and efficient

Thomson Cooper Accountants has boosted their tax team with the appointment of experienced tax professional Keith Hunter. Mr Hunter's appointment reflects the increasing demand the firm has experienced for tax-related advice from individuals and business owners across Fife and the Lothians.

The UK is falling behind the rest of the world in reskilling its national workforce and the Government must urgently rethink its approach if we are going to see growth in this decade, according to a new report from Enterprise Nation and The Entrepreneurs Network.

A quarter of small firms (24%) plan to close, downsize, or radically change their business model if the government reduces energy support post-March next year, according to a new Federation of Small Businesses (FSB) energy survey published this week. The survey, which measured the impact of the ener

Hamilton-based specialist operator Asanti Datacentres Limited has acquired five UK data centres from Daisy Group, one of the country’s largest communications and IT services providers. Asanti was recently acquired by Invesis, global investor and developer of infrastructure projects. Invesis ha

Rising energy costs are the biggest concern for a quarter of Scottish businesses this autumn and winter, according to new research by accountancy and business advisory firm BDO. The bi-monthly survey of 500 leaders of medium-sized businesses reveals that a further 22% are worried about business rate

Edinburgh-based payment orchestration provider BR-DGE has announced a new partnership with luxury tour operator Kenwood Travel. The partnership equips Kenwood Travel with the latest payment orchestration technology in order to deliver a first-class, seamless online checkout experience for customers.

Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, despite well-publicised economic headwinds, according to new research published as part of the British Business Bank’s annual Nations and Regions Tracker. A total of £411 mill

Scottish biscuit manufacturer and brand Tunnock's has reported a £5 million rise in profits with turnover reaching £72m, in its latest accounts for the year ended 26 February 2022. The growth in profits show a healthy recovery from pandemic lows as pre-tax profits were £254,988 in

Global corporation Marubeni Europower Limited has advanced its net zero collaboration in Scotland following the opening of its first office in Glasgow. The investment in new premises will allow the company to drive forward its work to support Scotland’s journey to net zero and follows a Memora

Investment into Scottish commercial real estate saw a significant slowdown in the third quarter of 2022, with just £200 million transacted according to Colliers, in its latest Scotland Snapshot.

A group of Scottish-based female company founders will be heading west to California later this month to attend a five-day, market-building trade mission. Supported by Scottish Government, the event takes place from 28 November to 2 December and is led by AccelerateHER, working in partnership with G