News

Maxi Caledonian Ltd has posted a rise in pre-tax profits from £4 million to more than £4.3m and an increase in turnover from £80m to over £89m, in its 2022 financial results, showing resilience in a challenging business environment.

The bar from the TV show Cheers has been sold at auction for $675,000.

Diageo plc has moved forward a transition in its top management earlier than planned due to the unforeseen medical circumstances of outgoing CEO Ivan Menezes. Debra Crew, previously slated to begin her role as CEO on 1 July, has now assumed the mantle with immediate effect.

Scottish accountancy and advisory firm Condies has introduced a flexible working model, aiming to allow employees the freedom to strike a balanced work-life equilibrium and maintain their productivity. The model will allow the employees to work either remotely or from the office, depending on t

Final plans to redevelop the former Marks & Spencer store in Glasgow’s Sauchiehall Street to provide student accommodation for 634 residents have now been submitted. Student housing developer Fusion Students has lodged £76m proposals with Glasgow City Council for the prominent c

Glasgow-based cloud computing firm iomart has acquired Oxford-based Microsoft Azure Cloud solution services provider Extrinsica in a deal worth £4.3 million. The deal, which includes an initial consideration of £4m with potential for an additional £0.3m pending specific customer ta

Independent supply chain management company Renewable Parts has recently expanded into a new state-of-the-art operations centre located at Westway, near Glasgow Airport. The move marks a significant step forward in the growth of the Scottish renewable energy industry. The operations centre offers a

Cullen Eco-Friendly Packaging Ltd has secured a £475,000 grant from Scottish Enterprise to enable the firm to extend its Glasgow premises to bring in new machinery to make them even more energy efficient and sustainable. The company takes the offcuts from the cardboard boxes it produces for su

Figures collated by Highland and Islands Enterprise (HIE) have revealed that the agency approved more than £5.37 million investment across Caithness and Sutherland in the financial year 2022-23. The funding is helping a wide range of projects to progress that will support economic growth and b

Edinburgh-based Carbogenics, which has developed proprietary technology that boosts green energy production, has raised more than £1 million in investment to build its first production and R&D facility in Scotland. The company turns difficult-to-recycle food, farm and paper waste which wou

Netflix users have taken to 'moving abroad' after the entertainment platform implemented stricter rules around account sharing in the UK, curbing the use of a single subscription by multiple households.

An unprecedented number of first-time home buyers have committed to mortgage terms of 35 years or longer due to escalating costs, UK Finance data indicates. In March, 19% of all first-time buyer loans were for periods of 35 years or more, marking the highest proportion since 2005 and more than doubl

Scotland's hotel industry experienced a surge in April, reflected by increasing occupancy levels, average room rates, and gross operating profits, ahead of the summer season.

Loganair has completed its first aircraft turnaround powered solely by electricity at Stornoway Airport, a significant step towards reducing carbon emissions in its ground operations. An aircraft turnaround, involving disembarking and boarding passengers, managing luggage or cargo, cleaning, caterin

In an initiative to raise awareness about Scottish produce among high-profile French chefs, a four-day visit has been arranged by Scottish Development International (SDI), supported by the Scottish Government's office in Paris and the Scotland Food & Drink Partnership.