News

Port of Aberdeen has announced plans to invest £55 million over the next decade in an effort to become the UK's first net zero port by 2040.

Paragon Bank’s Development Finance division has provided a £15.9 million funding package to PfP igloo and Housing Growth Partnership (HGP) for the development of 78 environmentally friendly townhouses in Glasgow.

Edinburgh-based payment orchestration platform, BR-DGE, has unveiled its latest product, BR-DGE Vault, offering merchants and payment partners improved transaction performance and security. This innovative network tokenisation solution enables merchants to take advantage of an independent, enhanced

Prime Minister Rishi Sunak has turned down calls to reconsider a significant increase in tax on Scotch whisky, which has the industry reeling. The tax hike, a 10% rise in duty set to take effect in August, has been characterised by the industry as a "historic blow". During a meeting in London on Mon

Scotland's business confidence has dipped slightly in April, with the latest Business Barometer from the Bank of Scotland Commercial Banking showing a seven-point drop to 31%. The decline is attributed to companies in the region reporting a nine-point decrease in their confidence in their own busine

Empty retail units in Scotland have risen by a fifth when compared to pre-pandemic levels, according to the latest figures published by the Scottish Retail Consortium (SRC). In Q1 2023, the Scottish vacancy rate remained 15.7% for the fourth consecutive quarter. It was 0.1 percentage points better t

Recent TSB data analysis revealed a significant increase in gambling transactions among its customers between 2020 and 2022. The number of customers making more than four bets a day surged by 45%, with 8,100 customers engaging in this behaviour. The number of people gambling for more than four days

The Scottish Building Society has reaffirmed its commitment to Scotland's high streets by unveiling its revamped Galashiels relationship centre on Bank Street, part of a nationwide investment in its physical branches. CEO Paul Denton joined staff and local members in celebrating the refurbishment, w

The Scottish National Investment Bank (SNIB) has appointed Al Denholm as its new chief executive officer. Mr Denholm, a seasoned asset management professional with over 36 years of experience, previously held executive and senior investment leadership positions at major financial institutions like P

Accountancy and business advisory firm BDO LLP has appointed Mick Campbell as its new partner in its Glasgow financial services team as the firm continues to invest in talent in Scotland. Mick Campbell joins the firm’s financial services team from Atos UK, a worldwide digital leader

Popstar Ed Sheeran has appeared in court over accusations he plagiarised Marvin Gaye's soul classic Let’s Get It On in his own song Thinking Out Loud.

A major Japanese company has announced plans to establish a manufacturing plant in Scotland to supply the country’s growing renewable energy sector. Energy Secretary Neil Gray met Sumitomo Electric Industries (SEI) in Osaka to discuss the company’s plans for a subsea cable factory in the

Scotland’s salmon sector has unveiled an ambitious European growth plan for its premium ‘Label Rouge’ salmon to boost the rural economy and further enhance Scotland’s international reputation for food and drink.

The Competition and Markets Authority (CMA) has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come.

The Scottish Chambers of Commerce (SCC) is playing a frontline role to secure new international trade opportunities for businesses in Scotland.