Business

The Scottish Government has unveiled new funding initiatives aimed at promoting entrepreneurship among under-represented communities. A total of 42 recipients will share £1.6 million through the Ecosystem Fund, while 20 projects will receive £1.3m through a new Pre-Start Pathways Fund.

Manchester-based courier company Speed Couriers has purchased Glasgow-based Caledonian Couriers, owned by Carole Henderson, in a private deal for an undisclosed sum.

Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer. Despite the overall drop, Scottish companies portrayed an upbeat attitude regarding their individual business outlooks, noting a

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

C&A Thomason, a family-operated mussel farm based in North Yell, Shetland, has made significant enhancements to its operations thanks to a funding injection of £70,380 from Highlands and Islands Enterprise (HIE). The financial boost has enabled the Shetland business to procure equipment fo

The Scottish Chambers of Commerce has announced Heathrow Airport as the headline partner of the Annual Business Address taking place on 30 November 2023.

abrdn plc's U.S. subsidiary, abrdn Inc., has entered into an agreement with First Trust Advisors L.P. to acquire the assets of four closed-end funds listed below, adding AUM totalling approximately £0.6 billion. Subject to approval by the shareholders of the respective funds, the four closed-e

Cupar-based commercial laundry firm Fishers has seen its revenues rise by over £17 million in the last year as the Fife business reopened its factory in Perth.

Life science company BASF Pharma (Callanish Ltd) has opened its £1.8 million consumables warehouse in the Isle of Lewis.

Business confidence in Scotland is ahead of the UK average although challenges remain, a survey of chartered accountants published today by ICAEW has found.

Despite facing hurdles such as rising costs, staffing issues, and legislative changes, Scotland's hospitality sector has significant opportunities for growth and expansion, according to financial experts from the Cumberland Building Society, Harper Macleod LLP, EQ Accountants LLP, and Graham + Sibba

Edinburgh-headquartered pharmaceutical firm Kelso Pharma has expanded its portfolio with the acquisition of two UK approved dermatological products, marking its debut in the treatment of actinic keratoses and plaque psoriasis. The two dermatology products were purchased from an organisation within t

Scotland's largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million. CB Technology’s revenues have increased 500% since the successful management buy-in backed by Maven Capital Partner

Perthshire-based Simon Howie Butchers has seen its pre-tax profits rise to more than £4.4 million despite a “staggering” rise in energy bills. According to the latest accounts filed for the company sales and profits both rose, with turnover reaching £24.1m for the year to Dec

abrdn Asia Focus plc, a company that holds a fundamental, high conviction portfolio of well-researched Asian small caps, has confirmed its annual results for the year ended 31 July 2023, revealing a 7.6% rise in Net Asset Value (total return). This is compared to the company’s benchmark return