News

UK-wide tanning salon chain Indigo Sun has reported record results with a turnover of over £26 million and nearly £5.6m pre-tax profit in its latest financial year ending September 2022. The family-owned Scottish business has seen both turnover and profits double on the previous financia

The Smart Things Accelerator Centre (STAC), Scottish internet of things (IoT) accelerator, has inked a partnership with Glasgow-based wealth management specialist Murphy Wealth to address an increasing funding gap for Scottish early stage tech startups, and ensure experienced talent is in place to b

Professional services group Progeny has appointed Heather Ross to the new role of head of academy. The firm has offices in Edinburgh and Ayrshire and launched its adviser academy in April 2019 which currently offers a three-year programme that targets chartered status.

Accounting and advisory firm Condies has announced the opening of a new location in Dundee and the expansion of its team. The firm has said it is aiming to achieve a 20% growth in fees from the new location within 12 months.

Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.

BrewDog has announced it will cancel its 2023 Annual General Mayhem event in Aberdeen, instead opting to move the event to its own bars due to rising costs. The event, which draws visitors from around the world to Aberdeen, incurs losses of around £1m, according to CEO James Watt.

M&A volume in Scotland last year rose by 10.7% to 446 announced deals, up from 403 in 2021, with a total deal value of £24.8 billion, the latest Experian United Kingdom and Republic of Ireland M&A Review shows. The value of deals was 22% higher than the previous year.

The latest Confederation of British Industry’s (CBI) employment trends survey revealed three-quarters of UK business are struck by labour shortages, while an Open University study found 70% of Scottish companies are struggling to recruit workers with the right skill set. Combined with the natu

Scotland’s top-end market witnessed an extraordinary period in 2022, with a record 491 residential transactions at £1 million and above, according to Savills' latest research. This included the highest price ever paid for a residential property in Scotland, Seton Castle in East Lothian,

Founders of University of Edinburgh-supported start-ups, including many that are seeking growth investment, will be given the opportunity to showcase their companies to an audience of investors, business support groups, and fellow entrepreneurs at two key events taking place next month.

A rare book on chess which was stolen from a school library nearly 70 years ago has been anonymously returned with £50 and an apology. The fourth edition copy of Rev E E Cunnington's The Modern Chess Primer was recently returned to Elgin Academy in the north of Scotland, The Herald reports.

All ten units have been let at the first phase of Knight Property Group's Langlands Commercial Park. The remaining space at the East Kilbride development has been let to James Raeburn & Sons, Munro EV and Kukoon Homes who have all agreed five-year leases on the 2,500 sq ft units. Other occu

The Post Office generates an economic impact of £292 million, and has a particularly strong per capita impact originating from rural constituencies in Scotland such as Ross, Skye and Lochaber, and Argyll and Bute, according to a new independent report by London Economics.

House price rises in rural and coastal communities have soared above the Scottish average, sparking warnings that a housing crisis is stopping the Highlands and islands from becoming a “northern powerhouse”.

DirectID, an Edinburgh-based global fintech, announced that Ingka Investments, the investments arm of IKEA holding company Ingka Group, has made a €9 million (£7.9m) minority investment in the company. The firm specialises in credit risk, risk analytics and predictive modelling,