Business

As the private sector in Scotland braces for a wave of wage and benefits discussions in early 2024, businesses are being cautioned about the risks of losing staff to insufficient pay increases. Jane Watson, head of prism HR, the human resources consultancy operated by Scottish legal firm Lindsays, i

Nearly half of firms in Scotland have either postponed or abandoned their investment plans in the last year, the latest Addleshaw Goddard Scottish Business Monitor (SBM) reveals. This trend accompanies a general downturn in business activities, as more companies report a decline rather than an incre

Family-owned luxury jewellers Laings has revealed its plan to open a second TAG Heuer boutique in Edinburgh's prestigious Multrees Walk in Spring 2024. This follows the successful launch of Scotland’s first TAG boutique on Glasgow's Buchanan Street in September.

The Scottish Beer & Pub Association (SBPA) and the Scottish Licensed Trade Association (SLTA) have joined forces, calling on the Scottish Government to pass on funding for their sector following the Chancellor’s Autumn Statement which will see English businesses receive a 75% reduction in

The latest Business Outlook Tracker by Grant Thornton has shown a significant decline in mid-market business sentiment in Scotland, with a notable impact on profit expectations and investment. The December survey highlights that one-third (32%) of businesses anticipate a decrease in profits over the

Rationale, the Edinburgh-based strategic brand and communications agency, has achieved a striking 103% growth in top-line revenue over the past year. The strong financial growth has also been further supported by the business doubling its team in size and further international growth.

Tunnock's has reported a sharp decline in pre-tax profits from £5.5 million to just £1 million in the past year. The Uddingston-based biscuit company recorded turnover of £75.8 million in the year ending 25 February 2023, up from £72.1 million in the previous year, while pre-

Sustainable waste management firm Biffa has acquired Hamilton Waste and Recycling Limited (HWR), the Scottish construction and demolition (C&D) collection and processing business.

Macduff Shipyards has hailed a successful year as the firm posted a near-50% increase in pre-tax profits to £2.59 million. However, accounts lodged with Companies House reveal that for the year ended February 28 2023, turnover dipped to £28.9m from £29.5m in 2022, in the wake of ri

Scotch Whisky Investments (SWI) has toasted the opening of its new whisky storage and warehousing facility at Glenrothes in Fife. Comprising four whisky storage warehouses, maintenance and bottling buildings and offices, this £10 million investment marks the first phase of longer-term developm

Inverness-headquartered engineering services company Ross-shire Engineering (RSE) has acquired Shrewsbury-based Chem Resist for an undisclosed sum. The firm announced a 75% majority investment in the firm which is a market leader in thermoplastic process plant, premium branded fluid transfer product

Pub company Three Thistles has instructed Shepherd Chartered Surveyors to sell a long-established portfolio of seven licensed premises stretching across Scotland’s Central Belt.

Scotland’s first impact investor, SIS Ventures has released its inaugural Impact Report, highlighting the positive impacts on people and planet delivered by its investee companies. Since launching the Impact First Fund in 2018, SIS Ventures has invested more than £5.6 million in 14 high-

Scotgold Resources has appointed Daniel Bredenkamp and Christopher Pattinson of Australia-based Pitcher Partners Accountants and Advisors (WA) as joint and several administrators.

A Lanarkshire-based photography business, is going from strength from strength following support from Business Gateway. Branding by Zaria helps business owners enhance their brand and tell their story through the power of photography. Dubbing herself a ‘visual storyteller’, Zaria Young o