News

Scotgold Resources has announced the immediate appointment of Sean Duffy, the company's chief financial officer, as the interim CEO. Mr Duffy will retain his CFO role while stepping into the CEO position, left vacant by Phil Day who has declared his intention to return to Australia.

Ellon-based brewer and pub operator, BrewDog, has reported substantial losses for the third consecutive year, despite showing a 12% rise in revenue to £321.2 million. Following last year's £30.5m loss, the company states that this is a result of higher operational costs due to the p

Leith-based digital marketing agency Clean Digital has transitioned to an employee ownership model. The Leith-based firm's 17 employees now hold a significant stake in the company, with its equity entrusted to an employee ownership trust (EOT). The trust is tasked with protecting the business on beh

Brockwell Energy has announced financial close on its North Kyle wind energy project, which will see a total investment of £300 million to deliver 220.5MW of renewable energy capacity.

Maxi Caledonian Ltd has posted a rise in pre-tax profits from £4 million to more than £4.3m and an increase in turnover from £80m to over £89m, in its 2022 financial results, showing resilience in a challenging business environment.

The bar from the TV show Cheers has been sold at auction for $675,000.

Diageo plc has moved forward a transition in its top management earlier than planned due to the unforeseen medical circumstances of outgoing CEO Ivan Menezes. Debra Crew, previously slated to begin her role as CEO on 1 July, has now assumed the mantle with immediate effect.

Scottish accountancy and advisory firm Condies has introduced a flexible working model, aiming to allow employees the freedom to strike a balanced work-life equilibrium and maintain their productivity. The model will allow the employees to work either remotely or from the office, depending on t

Final plans to redevelop the former Marks & Spencer store in Glasgow’s Sauchiehall Street to provide student accommodation for 634 residents have now been submitted. Student housing developer Fusion Students has lodged £76m proposals with Glasgow City Council for the prominent c

Glasgow-based cloud computing firm iomart has acquired Oxford-based Microsoft Azure Cloud solution services provider Extrinsica in a deal worth £4.3 million. The deal, which includes an initial consideration of £4m with potential for an additional £0.3m pending specific customer ta

Independent supply chain management company Renewable Parts has recently expanded into a new state-of-the-art operations centre located at Westway, near Glasgow Airport. The move marks a significant step forward in the growth of the Scottish renewable energy industry. The operations centre offers a

Cullen Eco-Friendly Packaging Ltd has secured a £475,000 grant from Scottish Enterprise to enable the firm to extend its Glasgow premises to bring in new machinery to make them even more energy efficient and sustainable. The company takes the offcuts from the cardboard boxes it produces for su

Figures collated by Highland and Islands Enterprise (HIE) have revealed that the agency approved more than £5.37 million investment across Caithness and Sutherland in the financial year 2022-23. The funding is helping a wide range of projects to progress that will support economic growth and b

Edinburgh-based Carbogenics, which has developed proprietary technology that boosts green energy production, has raised more than £1 million in investment to build its first production and R&D facility in Scotland. The company turns difficult-to-recycle food, farm and paper waste which wou

Netflix users have taken to 'moving abroad' after the entertainment platform implemented stricter rules around account sharing in the UK, curbing the use of a single subscription by multiple households.