News

Dunfermline-based Nautoshark has received support from Business Gateway Fife to grow its business within the maritime software industry, making major developments in its Navarea Warnings product which allows vessels to navigate sea routes safely around the world. Euan Gordon is director of Nautoshar

The Office for National Statistics (ONS) has reported a fall in retails sales volume of 1.6% for August continuing a downward trend since summer 2021 and significantly worse than expectations. This follows the lifting of restrictions on hospitality which has likely caused a shift in where consu

Independent energy group Parkmead has announced it will commence drilling in the North Sea Skerryvore oil field after receiving relevant regulatory approval.

Shell has announced that Ben van Beurden will step down as CEO at the end of 2022, and that his successor will be Wael Sawan. The change in leadership comes amid the current energy crisis and as Shell prioritises its future business focus on renewables. The incoming CEO, Mr Sawan, is currently 

Despite ongoing inflationary pressures, construction firm Kier Group has been able to increase its adjusted operating profit and raise its operating margin while achieving a "significant reduction in debt. Announcing its results for the year ended 30 June 2022 this morning, the infrastructure servic

Accountancy and business advisory firm BDO is welcoming 26 new trainees across its offices in Glasgow and Edinburgh, with 600 joining nationwide. Ten of the new trainees will join BDO’s new Edinburgh office and 16 will join the firm’s office in Glasgow. A total of 20 of the trainees will

On the morning of 27th September, the Scottish Africa Business Association, in partnership with the Scottish Chambers of Commerce (SCC), is hosting a Ministerial delegation from Ghana in Scotland for a series of private meetings to discuss the opportunities for Scottish businesses arising from the r

The only painting created by London rapper and record producer Skepta has been sold at auction for £81,900, more than £20,000 over its estimated price of £40,000-£60,000. The piece, called "Mama Goes to Market", was painted by Skepta over one week in 2020, but was later tagge

Companies and brands holding Royal Warrants will have to reapply as the certification is set to become invalid following the passing of the Queen and the change of sovereign.

Patagonia has announced new ownership after the company's boss, Yvon Chouinard, decided to put the company in the hands of two trusts to assist in the fight against climate change. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust

The new chancellor of the Exchequer, Kwasi Kwarteng, is reportedly considering a plan to scrap caps placed on bankers' bonuses. The cap to bankers' bonuses, which limits bonuses to 100% of fixed pay (and can be lifted to 200% under certain conditions), was introduced in 2014 following the global and

John Lewis has released its interim results showing a £99 million loss for the first six months ending 30 July 2022, compared to a £69m profit for the same period last year.

The new UK government has ordered the treasury to audit existing and new anti-obesity policies which were to be introduced next month. The sugar tax, officially known as the Soft Drinks Industry Levy (SDIL), was introduced in 2018 as a measure to deter people from consuming unhealthy drinks high in

Google must pay a €4.125 billion fine after abusing its position to impose unlawful restrictions on smartphone manufacturers and mobile network operators, the Court of Justice of the European Union (CJEU) has ruled. The General Court today largely confirmed the European Commission's decision th

New Financial Conduct Authority (FCA) data has revealed that Distributed Denial-of-Service (DDoS) attacks on the financial sector significantly ncreased during the war in Ukraine.