Business

Scottish footfall decreased by 14.8% in August Year on 3 Years (Yo3Y), 1.7 percentage points better than July, however, this is worse than the UK average decline of 12.4% (Yo3Y).

Two Aberdeen entrepreneurs have secured a £250,000 funding deal from Royal Bank of Scotland to develop cutting-edge robotics and asset inspection solutions for the energy sector through their co-founded business, Innovair Ltd. As a gateway to the North Sea, Aberdeen has long been pivotal in th

Chivas Brothers, the Scotch whisky business of Pernod Ricard, has seen a significant increase in global demand for Scotch, as net sales rose by 25% in the full year ending July 2022. The rise in net sales was derived from both mature markets, which rose by 16% and emerging markets, which saw an incr

Edinburgh-based managed services provider, CompanyNet Ltd has been acquired by Core Technology Systems, a Microsoft cloud managed service partner, for an undisclosed sum.# The acquisition of CompanyNet strengthens Core's technical capability and provides geographic expansion into Scotland, with

Edinburgh-based digital display technology business, Pufferfish, has launched a funding round to raise £600,000 as it prepares to capitalise on a rapidly growing global market for interactive, multi-sensory and immersive experiences. The tech firm is seeking the six-figure sum to expedite its

Iain Baxter, a former senior executive in the whisky industry, has been announced as the new chief executive of industry leadership body, Scotland Food & Drink. With more than 15 years’ experience within Scotch whisky at Glenmorangie, Inver House, International Beverage, and latterly Ian M

Aberdeenshire family-run business Mackie's of Scotland, has recorded a 95% increase in the sales of its fruit-based products resulting in a record-breaking summer for the firm.

Chartered surveyors DM Hall has been appointed selling agent of long-established Isle of Mull Silver and Goldsmith which trades from Main Street, Tobermory.

A £1.9 million project that will create 10 new jobs in Moray over the next three years has secured up to £190,000 from Highlands and Islands Enterprise (HIE). Macduff Shipyard Limited (MSL) is to double the berthing capacity of its facility in Buckie. This will enable the company to take

Fife-based convenience retailer Greens Retail has received a £1.3 million funding package from HSBC UK which has allowed it to its business across Scotland.

New data has shown that the average amount owed to small businesses in late payments has risen to £22,700 in May 2022, up from £21,400 in 2021, according to Intuit QuickBooks late payments bulletin. This is a 6% year on year increase and the almost £23k average works out to 65

Aberdeen Retail 1 Limited and Aberdeen Retail 2 Limited, the Guernsey-based owners and operators of the Bon Accord shopping centre in the centre of Aberdeen, have been placed in administration.

Measures to protect living standards, assist retailers to keep down shop prices, and help retail destinations rebound should be at the heart of the upcoming Scottish Budget, according to the Scottish Retail Consortium (SRC). 

Business confidence in Scotland fell 11 points during August to 5%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies across the country reported lower confidence in their own business prospects month-on-month, down 29 points at 3%. When taken alongside