Business

Deliveroo has reported a £147.3 million pre-tax loss in its interim results, up 54.4% from £95.4m for the same period last year. The results announcement comes as the takeaway giant losses Lord Simon Wolfson from its board.

Aberdeenshire-based timber manufacturer, Kirkwood Timber Frame, has secured £12 million worth of new business in its first year of trading. Initially launched after a £2m investment from its sister company Kirkwood Homes, the company has attained projects ranging from social and private

Scotland-based integrated forestry business BSW Group has acquired a stake in Bradford-based shed manufacturer Power Sheds, which since launching in 2019 has grown turnover to over £15 million becoming a strong player in the sector. Founded in 1848 in Berwickshire, BSW was acquired by glo

Glasgow’s west end will be home to Scotland’s first specialist 'Pastelaria' bakery after it received a £40,000 loan. The Portuguese-style bakery, 'Pastéis Lisboa', run by entrepreneurial couple Emma Airley and Sebastian Bacewicz, is opening this week on Byres Road.

New research has revealed that over a third of SMEs in Scotland believe debt funding is more widely available to male-owned businesses. The report, Geared for Growth by independent asset manager Boost&Co, showed that 34.6% of Scottish business leaders agreed with the statement that debt funding

One Four Nine Group has completed its second Scottish acquisition with the purchase of Aberdeen-based Russell Gibson Financial Management Limited. This move further expands the independent financial advice and fund management firm's footprint into Scotland, following its recent acquisition of APC Fi

A University of Glasgow spinout which aims to create more effective methods of treating lung diseases has secured a £1m grant from Innovate UK.The award will help the Acu-Flow team and their research partners advance the development of their nebuliser technology, which uses an innovative surfa

The Post Office has posted figures showing that a record £801 million in personal cash withdrawals were made in July.

A Scottish designer and manufacturer of musical accessories has closed a £250,000 funding deal with Reward Finance Group to develop two new products. Edinburgh-based Noisy Clan was established in 2019 by David Law, an experienced product designer who has spent much of his career running b

Open document and data platform specialist Legado has acquired the consumer and B2B bill management technology from WonderBill. Launched in 2016 and backed by Shell Ventures, WonderBill allowed consumers to manage all their household bills and subscriptions.

UK mutual insurer Royal London has announced profits of £109 million for H1 2022 in its interim results. The rise in operating profits before tax is an increase of 36.25% from £80m (H1 2021) and comes after 140,000 new pension policies were taken out by customers in the first half of the

Following a £2 million investment a new business aimed at guiding organisations through the carbon-offsetting journey has been launched. The brainchild of Renwick Drysdale, Akre builds on his forestry heritage and is an evolution of the woodland creation consultancy, Kilrie Trees.

Asset and wealth management firm AssetCo, run by Martin Gilbert, has completed the acquisition of Edinburgh-based investment service Revera Asset Management, for a reduced price. AssetCo has purchased the firm for an effective total consideration of £2.8 million to be satisfied by the issue of

Young people awaiting their exam results tomorrow have been reminded of the value of their qualifications and the many different career pathways and opportunities ahead in an open letter from Scottish business leaders. Students have faced a number of challenges over the last few years, with covid-19

Business activity across the Scottish private sector increased at only a fractional pace during July, according to the latest Royal Bank of Scotland PMI data. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector outp