Business

Public bodies are being given advice on how to handle contract bids from companies linked to Russia. To help strengthen economic sanctions imposed on Russia following the illegal invasion of Ukraine, guidance has been published on how to reject bids to procure a contract for goods or services from f

Dundee-based cloud computing company iomart Group has posted its pre-close trading statement for the year ended 31 March 2022, revealing that the group expects to report revenue of approximately £103 million, compared to £111.9m in 2021. The firm has also revealed an adjusted p

Glasgow-based venture capitalist firm Maven Capital Partners has announced the sale of energy services specialist RMEC Group Limited to Aberdeen-based Centurion Group, generating a 2.26x blended return for investors. RMEC is a provider of managed solutions for the oil & gas intervention and

abrdn and the University of Edinburgh have formed an industry-academic partnership to deliver innovation in the investment sector.

Muckle Media, the creative communications agency, has acquired Taste Communications Scotland in a six-figure deal. The strategic growth move by Muckle Media will see the Taste Communications brand retained and the existing team move over to form part of Muckle Media’s wider group of companies.

In the UK, growth momentum is expected to slow during the course of 2022 as the impact of the cost of living crisis is felt while overall growth in the UK for 2022 could reach 3.9%, before slowing to 1.1% in 2023, according to the latest KPMG Global Economic Outlook. Consumer spending is expected to

Scottish healthy soft drinks company Bon Accord has signed a new deal to supply its naturally sweetened range to Morrisons supermarkets across Scotland. A selection of the best-selling Bon Accord lines were launched into Morrisons Arbroath store at the end of 2021 and, following the success of this

Economy secretary Kate Forbes met with leading entrepreneurs and innovators in Glasgow to discuss working together to deliver the entrepreneurial ambitions of the National Strategy for Economic Transformation. In the first of a series of industry roundtables, discussions focused on the entrepreneuri

HFD Group has been named property company of the year in the Scottish Property Awards, with its flagship project, 177 Bothwell Street, also picking up the title of development of the year. The company was commended by the judges for a series of achievements over the past year, including more than 25

UHI Shetland has secured £185,000 investment from Highlands and Islands Enterprise (HIE) to purchase a high-tech piece of equipment known as an Imaging FlowCytobot (IFCB). The IFCB can scan water samples for phytoplankton (micro-algae) using flow cytometry, lasers and cameras. It then beams th

Scotland’s growth forecast for 2022 has been revised down due to the impacts of cost increases on consumers and businesses – issues that are being exacerbated by uncertainties caused by the war in Ukraine, according to the latest quarterly Economic Commentary from the Fraser of Allander

Aberdeen-based OSSO, the specialist fluid temperature control and separation solutions provider, has announced its strategic expansion into the construction market with the opening of its new operating facility in Warwickshire and launch of new specialist products for the sector.

Scotgold Resources, the gold exploration and production company focused on Scotland, has signalled its ambitions for further growth as the firm posted revenues of £3.65 million for the six months to 31 December 2021. The firm, which has been focused on the Conoish mine in Tyndrum, reported no

Business rates for retailers as well as hospitality and leisure premises in Scotland are being reinstated from tomorrow, at a rate which has been labelled by the Scottish Retail Consortium (SRC) as an "onerous" 23-year high.

Ogilvie Construction has opened a new office in Aberdeen as part of a programme of investment to continue to grow its business in the north east of Scotland.