News

Fife business The Buffalo Farm will return to the ownership of founder Steve Mitchell through a pre-pack sale. Through a pre-pack administration sale, Mr Mitchell has bid for the company's assets, aiming to secure the jobs of 60 employees and safeguard his herd of buffalo.

The UK economy has exhibited indications of a potential recovery, as January's GDP growth of 0.2% reversed most of the decline experienced in the latter part of 2023. The rise, driven by a rebound in retail sales and robust construction activity, aligns with market expectations and could signify the

A social media account posing as the "Government of East Africa" went viral after posting an image of a fake new single currency called the "sheafra". The East African Community was forced to dismiss the sheafra notes as rumours, confirming that plans for a regional currency remain a work in progres

The liquidity of Scotland's registered social landlords (RSLs) remains strong despite the challenging economic and operating conditions, but they have reduced financial headroom and reduced capacity to respond to further challenges, a new report from the Scottish Housing Regulator has found.

Legislation to give Edinburgh and other Scottish local authorities the power to introduce a visitor levy took another significant step forward yesterday with MSPs approving its passage to a third and final stage.

Bio-based businesses in Scotland will soon have access to a vital new infrastructure that will enable them to scale up their products. Through Scottish Enterprise, the Scottish Government has announced an £847,000 investment to support the purchase and installation of a 300-litre fermenter at

The House of Bruar retail destination at Blair Atholl has reported a robust financial performance in the year to 31 January 2024, with turnover rising 15% to £45 million. The results, filed at Companies House, were driven largely by the expansion of direct shopping channels, which now account

Scotland’s hotel sector saw a seasonal decline in demand and room rates during January, but the slow start to the year is set to be exacerbated further by the upcoming national minimum wage (NWM) increase in April, according to the RSM Hotels Tracker. The data, which is compiled and produced b

A new masterclass led by procurement sector experts has promised to provide prospective suppliers with vital information on how to submit a successful bid for its upcoming frameworks. The event will equip potential suppliers with essential knowledge on how to put themselves in the best position for

Recruitment across Scotland experienced further setbacks in February, according to the latest Royal Bank of Scotland Report on Jobs compiled by S&P Global.

Macfarlane Group has announced the acquisition of Allpack Packaging Supplies Limited in a cash deal worth up to £3.25 million. The earnings-enhancing move furthers the company's strategy to grow its protective packaging business through organic and acquisitive means.

A newly approved direct rail link between London Euston and Stirling is expected to catalyse growth in Stirling's residential and commercial property sectors, according to Shepherd Chartered Surveyors. The Office of Rail and Road (ORR) has approved Grand Union Trains' application to operat

The Association of Chartered Certified Accountants (ACCA) has called on the Scottish Government to ensure work-based qualifications and training are placed at the centre of ongoing reform to Scotland’s skills system. In a letter sent to the minister for higher and further education, Graeme Dey

A new programme to address the growth barriers faced by impact-oriented businesses has been launched. The Scottish Impact Investor Readiness Programme is being delivered by award-winning Strathclyde Business School, in partnership with the Scottish National Investment Bank (SNIB), and was developed

Pete Wishart, MP for Perth and North Perthshire, visited the Nationwide Building Society branch in Perth this week to celebrate 60 years on the high street. During the visit, Mr Wishart met the branch team and the branch manager Anthony Nicholson to discuss the importance of face-to-face financial s