News

A round-up of business news from across Scotland featuring: Wolfcraig Distillery's new master blender, Thistly Cross' first cider liqueur, Ardbeg Distillery's new delivery service,  Shedman's donation to Glasgow's Rising Stars Nursery and Little Lies' sales boom.

More people (32%) are worried about the effect of COVID-19 on their income than losing a loved one (30%), according to a new report by Creditfix.

Finance secretary Kate Forbes has called on the UK Government to provide appropriate funding to support businesses and communities, the wider supply chain and individuals negatively impacted or forced to close due to lockdown restrictions. In a letter to Chancellor Rishi Sunak, Ms Forbes said any su

The Financial Conduct Authority (FCA) is urging consumers struggling to make repayments due to the impact of coronavirus to speak to their lenders about options available to them. The FCA has put in place a package of support for people in difficulty to ensure help is available after October 31.

Consumer price inflation rose back up to 0.5% in September having fallen to 0.2% in August from 1.0% in July, according to the latest figures from the Office for National Statistics (ONS). 

Banksy's Show me the Monet painting has sold for £7.5 million at auction.

Chartered accountancy and business firm Anderson Anderson & Brown LLP (AAB) has reported one of its biggest growth years on record for their audit services. Over the last year, new business wins total £800,000 from around 30 new clients, with 30% of these new wins have being secured in the

Edinburgh-based corporate finance firm Quest Corporate has launched a debt advisory unit to be headed up by recent hire Kevin Boyd. The unit has launched as many businesses across Scotland and the rest of the UK face increasing debt pressure over the coming months and into 2021.

Relocating out of other UK locations, such as London and the South East, is the leading reason for investment in Scotland’s financial services sector, according to a first of its kind market report by EY. The prominence of Scotland within the UK financial services network is apparent, with 29%

Investment in stocks and shares ISAs surged in the second quarter of 2020 increasing by a staggering +71% in the three months to June, according to Scottish Friendly’s New Investor Index.

Glasgow-based digital pharmacy Phlo Digital Pharmacy is set for expansion after it broke its £1.65 million crowdfund target on the day of launch. The firm, which launched in November 2019, now plans to extend their crowdfunding campaign hosted on Crowdcube due to the high levels of demand.

BGF has appointed Fiona Dornan as a new investor to its Scotland and Northern Ireland team. Ms Dornan will support ongoing business growth in both regions.

Brian Williamson, chairman of Glasgow-headquartered 4icg Group, whose subsidiaries include Fierce Digital, Pursuit Marketing and Software Advisory Service, details how to kickstart the economy after COVID-19. I have been impressed, not only with  the economic levers Rishi Sunak, has used to sti

September marked the eighth month in a row of declining retail sales in Scotland, falling -6.0% on a total basis, according to the latest retail sales monitor from KPMG and the Scottish Retail Consortium (SRC).

Stirling-based independent metering, utility construction and energy network business Energy Assets Group has appointed Luca Sutera as chief financial officer.  In an impressive business career, Mr Sutera has gained considerable expertise in power and renewable energy markets, most recentl