News

Business confidence in Scotland has shown a marked improvement in the first quarter of 2023, rising from a 14-year low in Q4 2022, however, it remains in negative territory as companies face ongoing economic challenges, according to a survey of business leaders by ICAEW's Business Confidence Monitor

Tayside Aviation Limited has entered administration after facing significant financial challenges, with Blair Nimmo and Geoff Jacobs from Interpath Advisory appointed as joint administrators on 20 April 2023. The Dundee Airport-based flight training organisation, which has been in operation for 53 y

An ancient Roman bust purchased for $34.99 at a Texas thrift store and has been on display at the San Antonio Museum of Art is now being repatriated to Germany. Five years ago, Laura Young, a thrift store owner, discovered the ancient Roman bust at a Texas Goodwill for just $34.99.

Taylors Snacks is set to unveil its new packaging next month after acquiring Mackie's of Scotland's crisp and popcorn business. The move follows last year’s buy-out by the Taylor family, of the joint venture established between the Taylor and Mackie family businesses in 2009. The families laun

Glen Shira Forest, a 2,200-hectare commercial conifer forest overlooking Loch Fyne in Argyll, has been brought to market for over £29 million. The size of the property is 1,969 hectares (4,866 acres) and is located north of the A83 across Argyll and Bute. The sale offers a unique opportunity t

Scotland's Earth and environment-focused science centre Dynamic Earth in Edinburgh is practising what it preaches by investing in a programme of upgrades to its Stratosphere - a giant curved roof that covers the entrance and events space - to reduce the popular attraction’s carbon footprint. A

Edinburgh-based R&D tax relief adviser ABGI-UK (formerly Jumpstart) and design and manufacturing process firm Innova Systems have merged to form Visiativ. As part of a restructuring, Visiativ has launched a 3D Print division, led by Ed Hawkins, and an Intellectual Property (IP) service, led by D

Scottish outdoor clothing manufacturer Keela has expanded its workforce by almost 33%, following a 43% surge in sales growth.

Edinburgh-based fintech firm, FreeAgent, has introduced a new rebrand aimed at boosting its influence in the UK's small business sector.

The 150th Open Championship at St Andrews brought over £300 million in economic benefits to Scotland, with a record-breaking attendance of 290,000 fans, according to a study commissioned by The R&A, Visitscotland, and Fife Council. Sheffield Hallam University's Sport Industry Research Cent

Scottish energy storage company Gravitricity is set to enter the US market, after it partnered with Illinois-based IEA Infrastructure Construction to secure funding for renewable energy projects. This collaboration comes as the Biden administration recently allocated $450 million (£361m) for c

Michelle Elliot and Callum Carmichael, partners with FRP Advisory, have sold Dundee-based Bonar Yarns Limited, which went into administration in early April, to Newman Yarns Limited, a new business created for the purposes of the acquisition.

Ullapool-based hospitality business, J&R Group, has moved to tackle the region's affordable housing crisis by investing in low-rent accommodations for staff at their Seaforth establishment. With housing shortages impeding their ability to open their seafood restaurant, bar, and fish and chip sho

Link Group has secured a new £70 million funding package with Bank of Scotland. The agreement, which includes an existing £10.7m loan, puts in place a five-year Revolving Credit Facility (RCF) of £60m, providing flexibility and liquidity to Link Group to support its ongoing develop

First Minister Humza Yousaf has unveiled a policy prospectus outlining the Scottish Government's objectives for the next three years, focusing on equality, opportunity, and community. Key financial and economic initiatives include a 'New Deal for Scottish Business' aimed at using Non-Domestic Rates