News

Diageo's interim results reported an 18.4% rise in pre-tax profit to £4.4 billion and net sales reached £15.5bn for H1. The growth in profit and sales is largely attributed to price increases and to consumers shifting away from wine and beer opting to buy more premium spirits -

UK banks have made initial claims worth £352mn from the government to cover losses on one of its flagship state-backed Covid-19 loan schemes, after recording default rates as high as 25%.

NatWest released its H1 results today reporting an operating pre-tax profit of £1.4 billion.

Brechin-based Angus 3D Solutions Ltd is investing more than £165,000 in new people, equipment and bigger premises to enable it to achieve turnover growth of over 20%. The firm, led by manufacturing veteran Andy Simpson, has started implementing its new growth plan with its first apprentice, 18

The Financial Conduct Authority (FCA) has announce that it will regulate pre-paid funeral plans. The move comes following legislation passed by Parliament. The FCA is authorising 26 providers. Together these firms hold approximately 1.6 million plans, which make up 87% of the market.

New research from Barclaycard Payments has found that cost of living increases are set to impact Business-to-Business (B2B) subscriptions in the UK as nearly half (49%) are considering reducing the number of services they subscribe to, as they tackle rising costs.

Business confidence in Scotland fell 11 points during July to 16%, according to Bank of Scotland's latest Business Barometer survey. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 17 points at 32%. When taken alongside their optimism in the econo

Battery cell manufacturer AMTE Power has selected Dundee as the preferred site for its first MegaFactory in a boost to the UK’s ambitions to produce homegrown battery cells for a net zero society. The new factory will directly create up to 215 high skilled on-site jobs and 800 more across

The cost-of-living crisis and Bank of England rate hikes have caused a slowdown in the commercial property market in Scotland and the outlook has therefore become more cautious, according to the Royal Institution of Chartered Surveyors (RICS) Commercial Property Survey. Occupier demand for commercia

Knight Property Group has secured Mermaid Subsea Services (UK) Ltd, part of Mermaid Group as its new office tenant for Pavilion 11 at Kingshill Park in Westhill, Aberdeenshire.

Dumfries-based Smart Green Shipping, a systems design and engineering company, aims to lead global shipping’s green transition through a unique industry collaboration with Malin, Drax and the shipping sector with targets to reduce greenhouse gas and fuel costs by at least 20% via high tech sa

In the second quarter of 2022, the Scottish vacancy rate decreased to 15.7%, from 15.8% in Q1, according to the latest figures published by the Scottish Retail Consortium (SRC) and the Local Data Company (LDC). The rate was 0.4 percentage points lower than in the same point in 2021.

A man from San Francisco is fighting a ticket for parking in a red zone after the kerb was repainted red while his car was parked in the spot.

Virgin Money has launched a new online service to help with running and management of small businesses. Following on from the launch of M-Track earlier this year, 'Marketplace' is the next step in the ecosystem that Virgin Money is developing, offering digital services to help customers run their bu

The Financial Conduct Authority (FCA) has fined three former executive directors of Carillion as part of its public censure on the firm.