Business

Real earnings in the UK have fallen by a record 3.0%, according to the latest figures published by the Office for National Statistics (ONS). In real terms (adjusted for inflation), growth in total and regular pay fell on the year in April to June 2022 at 2.5% for total pay and 3.0% for regular pay.

Business in the Community (BITC), The Prince of Wales' Responsible Business Network, has appointed Louisa Macdonell as its new Scotland director. Louisa Macdonell joins BITC from the SCVO (Scottish Council for Voluntary Organisations) Employability team and is Entrepreneur-in Residence at the Univer

A wildlife park in Perthshire is gearing up for a busy summer after a recent ownership transition.

Private equity investment in Scotland’s mid-market businesses has surpassed pre-pandemic levels after £2 billion was spent in the first six months of 2022, according to the latest analysis by KPMG UK. 35 private equity deals worth £2.1bn were recorded in the six months to June - th

Deliveroo has reported a £147.3 million pre-tax loss in its interim results, up 54.4% from £95.4m for the same period last year. The results announcement comes as the takeaway giant losses Lord Simon Wolfson from its board.

Aberdeenshire-based timber manufacturer, Kirkwood Timber Frame, has secured £12 million worth of new business in its first year of trading. Initially launched after a £2m investment from its sister company Kirkwood Homes, the company has attained projects ranging from social and private

Scotland-based integrated forestry business BSW Group has acquired a stake in Bradford-based shed manufacturer Power Sheds, which since launching in 2019 has grown turnover to over £15 million becoming a strong player in the sector. Founded in 1848 in Berwickshire, BSW was acquired by glo

Glasgow’s west end will be home to Scotland’s first specialist 'Pastelaria' bakery after it received a £40,000 loan. The Portuguese-style bakery, 'Pastéis Lisboa', run by entrepreneurial couple Emma Airley and Sebastian Bacewicz, is opening this week on Byres Road.

New research has revealed that over a third of SMEs in Scotland believe debt funding is more widely available to male-owned businesses. The report, Geared for Growth by independent asset manager Boost&Co, showed that 34.6% of Scottish business leaders agreed with the statement that debt funding

One Four Nine Group has completed its second Scottish acquisition with the purchase of Aberdeen-based Russell Gibson Financial Management Limited. This move further expands the independent financial advice and fund management firm's footprint into Scotland, following its recent acquisition of APC Fi

A University of Glasgow spinout which aims to create more effective methods of treating lung diseases has secured a £1m grant from Innovate UK.The award will help the Acu-Flow team and their research partners advance the development of their nebuliser technology, which uses an innovative surfa

The Post Office has posted figures showing that a record £801 million in personal cash withdrawals were made in July.

A Scottish designer and manufacturer of musical accessories has closed a £250,000 funding deal with Reward Finance Group to develop two new products. Edinburgh-based Noisy Clan was established in 2019 by David Law, an experienced product designer who has spent much of his career running b

Open document and data platform specialist Legado has acquired the consumer and B2B bill management technology from WonderBill. Launched in 2016 and backed by Shell Ventures, WonderBill allowed consumers to manage all their household bills and subscriptions.

UK mutual insurer Royal London has announced profits of £109 million for H1 2022 in its interim results. The rise in operating profits before tax is an increase of 36.25% from £80m (H1 2021) and comes after 140,000 new pension policies were taken out by customers in the first half of the