Business

NatWest has decided to launch additional support for customers, colleagues and communities to assist with the rising cost of living.

As the quarterly confidence index falls to level not seen outside pandemic-induced restrictions, the Federation of Small Businesses (FSB) has urged leadership candidates to show pro-enterprise credentials. Surging operating costs, a high tax burden and struggles to fill vacancies are threatening the

Begbies Traynor have been appointed liquidators of a Broughty Ferry cafe after it was forced to cease trading last month. The cafe, Jessie's Kitchen, surprised customers after it announced on it's Facebook page that it had suddenly decided to close down. The business had accumulated "significant" de

ReviveEco, a food waste management company founded by University of Strathclyde alumni, has smashed its crowdfunding target, raising £240,000. The company embarked on the exercise through crowdcube, with the aim of raising £150,000 in three weeks. THe firm it reached this target within f

Glasgow-based brewer Brewgooder has been recognised as among the “Best for the Word” for its global commitment to community-based sustainability projects. The brewer has been named among the top 5% of companies globally for its exceptional social and environmental impact by the world&rsq

abrdn has today announced the launch of a China Next Generation Fund, a small and mid cap (SMID) fund primarily investing in the bottom 30% of the Chinese equity market, both onshore and offshore. China is the world’s second largest equity market and with 88% of China’s companies fa

Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

Lloyds Banking Group has announced its new Sustainability Finance Framework, outlining support to help housebuilders access finance to build more homes with higher sustainability standards. The framework sets out how the group will help housebuilders access finance to build more sustainable homes th

A new strategic advisory firm headquartered in Aberdeen has been formally launched today. True North, created in a partnership between Geoff Aberdein and Fergus Mutch, specialises in public policy insight, advocacy expertise and impactful communications strategies for a range of businesses and

An HR business founded in Edinburgh has doubled in size since joining the AAB Group 12 months ago. Purpose HR was founded by Lisa Thomson in 2014 and in July 2021 the business joined AAB Group.

New data shows that small businesses founded at Scottish universities accounted for the highest number of equity investment deals to UK spinouts last year, according the British Business Bank. Of the 211 equity deals involving spinouts across the UK during 2021, 44 (21% of the total) came from Scott

Johnstons of Elgin has reported a pre-tax profit of £3.9 million after a 28% rise in sales for the last year. The family-owned textile firm has a positive outlook as the business is expected to recover to pre-pandemic levels this year. However, the positive outlook comes with expectations of p

A Dundee gym has closed down this week due to financial difficulties.

Scottish-based rocket company Skyrora has opened a new rocket engine manufacturing and production facility, the largest of its kind in the UK. After recently opening its engine test facility in Midlothian, this new facility in Cumbernauld allows the company to concentrate its launch development prac

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and