Business

Sir Tom Hunter, businessman and founder of The Hunter Foundation, has hailed “another year of solid progress” at his business empire as it continues to support a number of companies, including a Scottish restaurant operator and a cancer treatment specialist. Posting accounts for his West

Scottish egg production stalwart, Robert Chapman, has announced he is passing the mantle of managing director to his son Iain, 40, while retaining his role as executive chair. The 67-year-old says now is the perfect time – having recently come through a very busy couple of years whic

Family-owned construction firm A.C. Whyte has commemorated its 50th anniversary by securing £8 million of new business from six contracts in just the last eight weeks. Originally founded in 1973 as A.C. Whyte (Slaters & Plasterers), the company has established itself in the retrofit constr

BGF, the UK and Ireland-based growth capital investor, has become a certified UK B Corporation (B Corp). BGF’s B Corp status reflects its long-standing commitment to creating a positive impact both within and beyond the organisation. Through its investments, BGF seeks to foster sustainable, re

The Scottish private sector has experienced a continued decline in activity in November, as highlighted by the latest Royal Bank of Scotland PMI. At 47.1, up from 46.5 in October, the Scotland Business Activity Index posted below the crucial 50.0 mark for the third month running. The decline in priv

As the private sector in Scotland braces for a wave of wage and benefits discussions in early 2024, businesses are being cautioned about the risks of losing staff to insufficient pay increases. Jane Watson, head of prism HR, the human resources consultancy operated by Scottish legal firm Lindsays, i

Nearly half of firms in Scotland have either postponed or abandoned their investment plans in the last year, the latest Addleshaw Goddard Scottish Business Monitor (SBM) reveals. This trend accompanies a general downturn in business activities, as more companies report a decline rather than an incre

Family-owned luxury jewellers Laings has revealed its plan to open a second TAG Heuer boutique in Edinburgh's prestigious Multrees Walk in Spring 2024. This follows the successful launch of Scotland’s first TAG boutique on Glasgow's Buchanan Street in September.

The Scottish Beer & Pub Association (SBPA) and the Scottish Licensed Trade Association (SLTA) have joined forces, calling on the Scottish Government to pass on funding for their sector following the Chancellor’s Autumn Statement which will see English businesses receive a 75% reduction in

The latest Business Outlook Tracker by Grant Thornton has shown a significant decline in mid-market business sentiment in Scotland, with a notable impact on profit expectations and investment. The December survey highlights that one-third (32%) of businesses anticipate a decrease in profits over the

Rationale, the Edinburgh-based strategic brand and communications agency, has achieved a striking 103% growth in top-line revenue over the past year. The strong financial growth has also been further supported by the business doubling its team in size and further international growth.

Tunnock's has reported a sharp decline in pre-tax profits from £5.5 million to just £1 million in the past year. The Uddingston-based biscuit company recorded turnover of £75.8 million in the year ending 25 February 2023, up from £72.1 million in the previous year, while pre-

Sustainable waste management firm Biffa has acquired Hamilton Waste and Recycling Limited (HWR), the Scottish construction and demolition (C&D) collection and processing business.

Macduff Shipyards has hailed a successful year as the firm posted a near-50% increase in pre-tax profits to £2.59 million. However, accounts lodged with Companies House reveal that for the year ended February 28 2023, turnover dipped to £28.9m from £29.5m in 2022, in the wake of ri

Scotch Whisky Investments (SWI) has toasted the opening of its new whisky storage and warehousing facility at Glenrothes in Fife. Comprising four whisky storage warehouses, maintenance and bottling buildings and offices, this £10 million investment marks the first phase of longer-term developm