News

Glasgow City Council is owed nearly £89 million in unpaid business rates, a figure that has grown sharply in recent years. The figures, obtained through a Freedom of Information request by The Herald, show the council has billed £1.4 billion in non-domestic rates, or business rates, acro

A second month of employment growth offered some positivity during a modest month of business activity in March in Scotland. Despite increased staffing costs, businesses across all sectors reported an upshift in recruitment as Q1 2026 came to an end.

A San Francisco-based shoe brand has announced a dramatic pivot away from footwear into artificial intelligence, sending its shares surging by more than 580% in a single day. Allbirds, which was once favoured by the likes of Barack Obama and Ben Affleck, has struck a $50 million (c. £37m) deal

VINCI Energies has acquired Irvine-based telecoms infrastructure services firm Novo Technologies Ltd, for an undisclosed sum. Established in 2016, Novo Technologies is an independent provider of end-to-end telecoms infrastructure solutions for both carriers and enterprise clients, delivering mobile

The Bank of England could deliver two interest rate cuts before the end of the year, but only if a resolution to the conflict in Iran and the reopening of the Strait of Hormuz materialises within weeks, according to Peel Hunt's chief economist Kallum Pickering. Mr Pickering described current market

A pioneering Scottish dairy has secured a major London distribution deal as demand grows for less processed alternatives to raw milk.

The United Kingdom faces the steepest economic hit from the Iran war among the world's advanced economies, according to the International Monetary Fund's (IMF) latest World Economic Outlook. The IMF has revised its forecast for UK growth this year down to 0.8%, from the 1.3% predicted in January bef

Automotive retailer Vertu has expanded its relationship with Chinese car brand Geely Auto with the opening of a second dealership within Glasgow. Geely Glasgow Central will operate from Vertu’s iconic site on Port Dundas Road, recognisable to tens of thousands of motorists who pass by the deal

Barratt Redrow has reported a “solid” third quarter, with resilient private reservation rates and a strengthened forward‑sales position helping the housebuilder stay on track to meet full‑year expectations.

Rising costs, late payment problems and concerns over supply chain resilience are creating a gloomy outlook for the UK’s vital small and medium sized enterprises. That is according to the latest ACCA and IMA Global Economic Conditions Survey (GECS), which shows UK SME confidence is stuck near

Print Scotland, the trade association representing the country’s print, packaging and graphics sector, has announced the addition of 22 new associate members, bringing total membership to 64 organisations. The latest additions include major corporate names such as Bank of Scotland, Kodak Limit

Manchester-based waste manager Papilo has expanded its reach with the acquisition of REKK Recycling, a Scottish company based in Uddingston. REKK provides total waste management solutions to clients in the food production, manufacturing and industrial sectors across Scotland and England. Its founder

Kirkcaldy-based convenience chain Greens Retail posted a pre-tax loss of £504,000 for the year to 31 March 2025, down from the £454,000 profit recorded the previous year, as the company invested heavily in expanding and refurbishing its growing store estate. Despite the loss, the firm ac

BAM Properties has announced that Centrica, the multinational energy company, has agreed a lease for 24,000 sq ft of office space at Two Atlantic Square in Glasgow. The deal sees Centrica take occupation across the first and second floors of the building, further bolstering its status on the regener

Standard Life has agreed to acquire Aegon UK in a £2 billion deal that will create the UK's largest retirement savings and income business, with approximately 16 million customers and around £480bn in assets under administration. The FTSE 100 group, which was formerly known as Phoenix Gr