News

Fears grow of a worse recession than previously thought as experts predict lower GDP growth for the next three years.

New research has revealed that nearly half (47%) of Scottish consumers plan to spend less on gifts in 2023 — with the most common choice of product chosen being something that brings practical help to the recipient. With the cost-of-living crisis set to see two-thirds of consumers reducin

Scottish food ingredient manufacturers Macphie is expanding operations at its recently refurbished factory amid growing demand for its products. Macphie’s Tannochside facility, which restarted full scale production last year after a £4 million refit and layout change, initially created m

2022 has seen Energy Specialist Solutions (ESS), a Scottish-based company which operates globally, triple its sales, nearly quadruple its pre-tax profits and expand to America to take advantage of opportunities across the power generation sector. Previously focused primarily on technically complex e

Scottish startup Waire Health has received £2 million in funding from St Andrews-based Eos Advisory and Scottish Enterprise. The investment will allow the firm to scale its sensor technology and grow its management team, production, and product development capabilities, while enablin

Bank of Scotland owner Lloyds Banking Group has appointed Jackie Leiper as the new chair of its Scottish Executive Committee. Alongside a team of experts, Ms Leiper will represent the group in Scotland and work with politicians, regional business leaders, community networks and charities to help add

Mackie’s of Scotland has appointed Stuart Common as managing director, as Mac Mackie steps down from the role and takes up his new position as executive chairman. Mr Common, 36, has secured the role after working at the family business for more than 16 years at the Aberdeenshire firm, lat

Apple's trade in service has come under public scrutiny after it was discovered that a Mac Pro computer with top of the line specifications loses 98% of its value when traded in with the programme offering only $970 (£784) in Apple credit — for the computer which cost $52,199 (£42

SSE has published its Q3 Trading Statement 2022/23, updating its expectations for full-year 2022/23 adjusted earnings per share to more than 150p and saying it is on course to deliver £2.5 billion in total investment for the financial year.

Scotgold Resources has reported sales of £11.9 million for the year ended 31 December 2022 despite poorer than expected gold production and sales in Q4. However, as a result of the impacted Q4 2022 gold production and sales, the firm's financial and working capital position has been adversely

Aberdeen Minerals has announced that it has raised approximately £1.1 million through the issue of shares to new and existing UK and international investors.

The governor of the Bank of England (BoE), Andrew Bailey, has suggested that the base rate will peak at 4.5%, down from a previously expected 6% or higher. The UK economy is will still enter a recession but the BoE's newest projections show that inflation is set to fall rapidly from spring.

An agreement to invest £100 million in the future economic prosperity of Orkney, Shetland and the Outer Hebrides was signed today in Orkney.

Wolseley Group has signed an agreement to acquire Kooltech, one of the UK’s large air conditioning specialists, as it continues to increase its portfolio of suppliers and distributors across the UK. The deal is expected to complete in mid-2023.

In December 2022, the number of Scottish businesses experiencing insolvency-related activity jumped over 32%, compared to the same period in 2021, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 142 c