Business

Scottish retail sales witnessed a sharp decline in July, with factors including inclement weather and unfavourable economic conditions weighing heavily on the industry, as per data from the Scottish Retail Consortium (SRC). July's sales showed a modest growth of 4.6% compared to July 2022, but this

The University of Edinburgh's The Data Lab has unveiled a new AI-powered tool, 'Funding Finder', aimed at streamlining the process for businesses seeking financial backing across the UK. The tool aims to efficiently match businesses with the most suitable funding bodies, addressing the challenges of

Bathgate-based Clarus Networks, a provider of business-critical connectivity solutions, has received a combined £50,000 in grants from West Lothian Council to accelerate its expansion plans. The award, comprising a £40,000 Growth Assistance Project Grant and a £10,000 Digital Devel

Manju Malhotra, chief executive officer of luxury retailer Harvey Nichols, has stepped down from her position. The decision comes after Ms Malhotra clashed with the brand's Chinese owner, Sir Dickson Poon, over growth strategies, the Retail Gazette reports.

Recent government research has highlighted a waning faith amongst UK companies in the benefits of new free trade deals post-Brexit.

There was a notable increase in company insolvencies last month with 97 cases registered in Scotland, marking a 41% rise from the previous year. These insolvencies were spread across 44 compulsory liquidations, 51 CVLs (Company Voluntary Liquidations), and two administrations. There were no instance

Scottish businesses are bearing the weight of both the prolonged effects of the pandemic and the mounting financial challenges stemming from escalating interest rates, which have intensified debt costs. Business rescue and recovery specialist Begbies Traynor unveiled that there was a year-on-year su

Aberdeen's local enterprises have benefitted from over £2 million in funding distributed via the British Business Bank’s Start Up Loans programme. Since the scheme's introduction in 2012, the Granite City has seen a total of 189 loans disbursed, with each business securing an average of

The Monachyle Mhor Hotel is primed for significant infrastructural enhancements, thanks to £1.7 million in funding from the Cumberland Building Society. The Mhor Estate, owned by 53-year-old chef and hotelier Tom Lewis, encompasses a boutique hotel, Mhor 84 roadside motel, Calair Cottage self-

Scottish salmon exports have racked up an impressive £306 million in sales between January and June, driven predominantly by the increasing demand in Asian and American markets.

Glasgow-based nuclear services firm JFN Limited, which was sold earlier this year for just £3, has gone into administration. FTI Consulting has been appointed as administrator of the firm, stating that the company has "insufficient cash resources to continue to trade beyond the short term

A project by Ness Engineering Ltd to provide more sustainable and environmentally friendly services for its clients has secured up to £86,625 from Highlands and Islands Enterprise (HIE).

Seaweed Enterprises - a new Scottish start-up - has launched with ambitions to create a hub in the UK for sustainable seaweed. The firm has announced large-scale plans to develop a market-leading primary processing facility to supply a global market set to grow by $7.8bn outside of the Far East over

Plans to develop a bonded whisky storage facility in Glenrothes have taken a major step forward after the project received support from Scottish Enterprise.

An Aberdeen local has successfully expanded his business premises, and now has his sights set on global sales, after accessing expert guidance and support from Business Gateway. On a mission to service Scotland’s need for an independent, reliable, and trusted Aga Cooker refurbishing business,