News

A quarter of small firms (24%) plan to close, downsize, or radically change their business model if the government reduces energy support post-March next year, according to a new Federation of Small Businesses (FSB) energy survey published this week. The survey, which measured the impact of the ener

Hamilton-based specialist operator Asanti Datacentres Limited has acquired five UK data centres from Daisy Group, one of the country’s largest communications and IT services providers. Asanti was recently acquired by Invesis, global investor and developer of infrastructure projects. Invesis ha

Profits are down at Speymalt Whisky Distributors, trading as Gordon & MacPhail, which reported a £7.5 million after tax profit in its latest filing for the year ended 28 February 2022. Profits were down 31.9% from £11m the year prior, however, exports increased and the firm has pushe

Stagecoach co-founder Sir Brain Souter's family investment firm, Souter Investments, has outperformed the market showing a £70 million increase in the firm's assets in its most recent filing. The Perth businessman commented on the annual results ended 31 March 2022 stating his firm's portfolio

Boyd Legal has acquired Fife practice Baird & Company in Glenrothes.

Telecoms provider Commsworld has reported a 60% surge in gross profit as its public and private sector client base expands. The Edinburgh-headquartered company saw gross profit rise to £7.5 million for the year ending 2021, up from £4.7m in the previous 12 months.

Calnex Solutions has achieved pretax profits of £3.1 million up from £2.3m, a 34% increase year-on-year. The Linlithgow-based company's growth in profits comes on a 37.6% increase in revenues. The firm reported £12.7m in revenues for the six month's ended 30 September 2022, up from

Rising energy costs are the biggest concern for a quarter of Scottish businesses this autumn and winter, according to new research by accountancy and business advisory firm BDO. The bi-monthly survey of 500 leaders of medium-sized businesses reveals that a further 22% are worried about business rate

72% of people living in Scotland are likely to do all or most of their Christmas shopping on Black Friday with 56% saying they will spend between £100 and £400 on the day, according to new data from Barclays. The figures also reveal that 36% of people living in Scotland will be relying o

The creator of Sonic the Hedgehog, Yuji Naka, has been arrested for alleged insider trading.

Edinburgh-based payment orchestration provider BR-DGE has announced a new partnership with luxury tour operator Kenwood Travel. The partnership equips Kenwood Travel with the latest payment orchestration technology in order to deliver a first-class, seamless online checkout experience for customers.

Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, despite well-publicised economic headwinds, according to new research published as part of the British Business Bank’s annual Nations and Regions Tracker. A total of £411 mill

Aberdeenshire-based financial advisory firm, Phil Anderson Financial Services has responded to customer demand by opening a new branch in Wick. The office situated at 13 Kirk Lane will be staffed by advisor, Kayleigh Ross and office administrator, Louise Cormack. The official opening of the office i

The estimated costs of the proposed plans to break up the stranglehold of Big Four accounting firms over the auditing business have been predicted to grow to £1 billion over 10 years, according to government figures.

Clydesdale Bank owner Virgin Money has posted annual results showing a pre-tax profit of £595 million and announced a boost to staff wages. The pay hike was announced internally earlier this month and will see the majority of the bank's 7,500 staff receive between 9% and 11% extra in total ove