News

Lockdown start-up G12Vintage/@G12vintage is set to open its first newly renovated G12Vintage store in the heart of Glasgow’s West End. The new store’s location is surrounded by Glaswegian business legends such as the Hanoi Bike Shop, W2 Clothing, Starry Starry Night, and some of the West

Scottish shopper footfall decreased by 21.1% in March (Yo3Y), 0.5 percentage points better than February, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ Scottish Footfall Monitor.

Louise Macdonald has been appointed interim director-general (DG) economy to lead the delivery of the National Strategy for Economic Transformation and help build a strong, competitive economy as Scotland recovers from the pandemic. This is an interim post for up to 11 months. Ms Macdonald, currentl

The Scottish Building Society, the world’s oldest remaining building society, has posted record results for the financial year ended 31 January 2022. Established in 1848, the mutual has seen its balance sheet grow by nearly 40% in the last two years, leading to a pre-tax profit of £2.4 m

Target Healthcare’s growth plans have received a healthy boost via a £20 million funding package from Santander UK. The funding provides the Glasgow-headquartered pharmaceutical manufacturer and supplier with working capital in support of its plans to grow organically and through acquisi

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed joint administrators of Renfrew-based bus company Gibson Direct Ltd. Established in 1996, it had a fleet of 50 vehicles and operated in Glasgow and across Scotland.The bus company provided transport for football fans and held a numb

Four customers of Burger King have filed a class action lawsuit alleging that the fast food chain's trademark Whopper is smaller in real life than it looks in adverts. The lawsuit, filed in the southern district of Florida, alleges that the burger looks about 35% bigger in adverts published after 20

University of Edinburgh spin-out Kynos Therapeutics has secured a £9 million investment package led by Epidarex Capital, joined by IP Group and Scottish Enterprise. Kynos has also been awarded £2.5m through an Innovate UK grant to fund a first-time in human Phase 1 clinical trial of its

The number of 5,000 sq ft deals in Edinburgh in the first quarter of the year rose compared to the same quarter pre-Covid, according to new data from commercial property specialist JLL. The average UK occupancy levels from research done by JLL peaked in Q1 at 38%, returning to levels seen at the end

The construction of two new retail units on Glasgow’s London Road has now been completed by Clark Contracts.

Fourteen years after opening an Inverness studio, Threesixty Architecture has taken occupation of its new studio on Academy Street - a unique and contemporary development in the heart of Inverness. Threesixty relocated to Academy Street at the start of 2022. The new studio space, formed by combining

The Financial Conduct Authority (FCA) has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad and growing, the three-year strategy prioritises resources to prevent serious harm, set higher standards and promote competition. Th

The North American Income Trust plc, a company managed by abrdn, has posted strong results for the year ended 31 January 2022. The fund's Net Asset Value (NAV) total return (NAV) rose by 25.7%, this compares with The North American Income Trust plc benchmark, the Russell 1000 Value Index which retur

Scottish glass and aluminium specialist Cube Glass has invested in excess of £600,000 in new premises which doubles its previous capacity and will take the fast-growing business to the next level. The precision manufacturer has fitted out and moved into an 8,400 sq ft custom-designed factory c

Glasgow-born Sir Alex Ferguson has seen the value of his company reach £20 million. The former Manchester United manager’s family company posted results for the end of last year, revealing total assets of £27.5m.