News

A new partnership has announced the launch of a card allowing users to make everyday purchases using cryptocurrencies such as Bitcoin.

Glasgow-based packaging company Macfarlane Group has reported a pre-tax profit of £8.9 million on revenues of £139.2m for H1 2022, a 3% and 14% increase, respectively, from H1 2021. Basic and diluted earnings per share were 4.36p per share and 4.31p per share respectively. The interim di

Business confidence in the UK has fallen in the last quarter as companies struggle with the rising cost of doing business, a survey of chartered accountants by The Institute of Chartered Accountants in England and Wales (ICAEW) has found. Business confidence has slumped to its lowest level since the

More than two thirds (63%) of Scottish small and medium-sized enterprises (SMEs) saw revenue increases in the second quarter of this year against 2021, compared to 55% UK wide, according to the latest quarterly Barclays SME Barometer.

Farmers across the UK have seen the costs of running their businesses soar over the past 12 months, with new research from NatWest revealing that 99% have seen at least one routine expense rise above the general UK CPI inflation rate of 9%.

Scottish SMEs have 6 months in which to prepare for the looming recession and build resilience or be increasingly exposed to the risks of soaring inflation, rising interest rates and contracting demand, accountancy firm Azets has warned. James Fennessey, restructuring partner with Azets, highlighted

The Scottish Inward Investment Catalyst Fund has awarded a further £40,000 to strengthen ties between businesses based outside Scotland and Scottish universities. Four companies, headquartered in the U.S., Finland and England, will collaborate with a range of Scottish universities with a view

Sodexo, the facilities management and food services provider, has relocated its Aberdeen offshore support base operation to Denmore Industrial Estate.

The Scottish Government has announced that thousands of businesses can now apply for up to £15,000 to help retrain and upskill their workforce. The Flexible Workforce Development Fund provides workers in organisations of all sizes with access to training courses through local colleges, the Ope

A £65m superyacht, linked to a sanctioned Russian oligarch, has been put up for auction in Gibraltar attracting 63 bids. The 72.5-metre superyacht, Axioma, was detained by the Gibraltar government in March following sanctions affecting the owner, billionaire Dmitry Pumpyansky, The Guardian rep

The Scottish Government has backed Federation of Small Businesses (FSB) calls for an energy price cap to be extended to small businesses. The move came as First Minister, Nicola Sturgeon, gathered industry leaders at Bute House for an emergency summit on the mounting energy price crisis.

Wood Group has posted a $89 million (c.£76m) profit for the six months ended 30 June 2022, up from an $11m (c.£9m) loss for the same period last year. The group's H1 2022 revenue has fallen marginally by 0.4% to $2.56bn (c.£2.17bn) from $2.57bn (c.£2.18) in H1 2021. However,

A Stirling glassmaking firm has secured a £500,000 order to supply its whisky-based gifts to duty free outlets across Asia. The company, Angel's Share Glass, has signed a three-year deal with Chinese importers Hainan Silverwing International to produce their giftware range – including th

A legal claim has been brought against Sony PlayStation seeking up to £5 billion in damages for consumers in the UK.

Plans to double a £30 million investment to develop a Glasgow science and tech business hub have been announced by Bruntwood Scitech. The announcement comes three months after the joint venture, between investor and developer Bruntwood and Legal & General, acquired and announced the redeve