News

Scottish home furnishing specialist Sterling Furniture Group has reported a £28 million increase in turnover and £4m drop in pre-tax profits for the 18-month period up to August 2023. The business' latest accounts point to a challenging period when trading was adversely hit by the combin

A construction worker from Virginia in the United States has won $1 million (around £0.8m) after playing Powerball. Nicholas Perez from Burke didn’t hit the $1 billion (£800m) jackpot in the 1 April Powerball drawing, but he still walked away a millionaire. Perez won the second-tie

Following growth of 0.1% in February, Scotland’s onshore GDP grew by 0.4% during March 2024, according to statistics announced by the Chief Statistician. In the first quarter of 2024 – the three months to March – GDP is estimated to have grown by 0.7% compared to the previous three

Royal Mail's parent company, International Distribution Services (IDS), has agreed to a £3.56 billion takeover bid by Czech billionaire Daniel Kretinsky's EP Group. The deal values the company at £5.28 billion, including debt, and would see EP Group acquire IDS for 370p per share.

Talonmore Drinks Company, an Edinburgh-based non-alcoholic spirit business, has secured a major victory in the Scottish Edge competition, receiving funding of £80,000 and the prestigious RBS Scale Edge award. The company impressed judges with its innovative brand strategy and partnerships

A family-run independent pet shop has opened in Aberdeen after the business owner accessed expert support and signposting to funding from Business Gateway. Based in Haudagain Retail Park, Pets & Care offers a wide variety of live animals, pet supplies and services, ranging from food and treats t

Retail sales in the UK have grown at their fastest pace since December 2022 in the year to May, according to the latest CBI Distributive Trades Survey. Selling price inflation also eased to its lowest level since August 2020. However, retailers remain cautious about the future, with expectations of

InvestFife, Fife Council's economic development arm, has showcased the region's top investment opportunities at the UK Real Estate Investment & Infrastructure Forum (UKREiiF).

Marie Curie and KPMG UK have scooped up a Better Society award for best partnership with a national charity. KPMG selected Marie Curie as the firm’s National Charity Partner in 2021. The three-year partnership aims to improve end of life care for everyone through support in four key areas &nda

The Scottish government’s Land Reform Bill is "gambling" with the future of communities in rural Scotland and investment in the transition to net zero. Scottish Land & Estates, the rural business organisation, made the comments as it published its submission on the draft legislation follow

MSPs have backed legislation giving councils a new power to introduce a visitor levy to raise funding for local visitor facilities and services. The Visitor Levy (Scotland) Bill will enable local authorities to apply a levy on overnight stays with all money raised to be reinvested in services and fa

Scottish Highlands tour operator, Highland Experience Tours, has secured a £2 million funding boost from Lombard, part of the Royal Bank of Scotland Group.

Financial Inclusion for Scotland (FIFS) has issued a call to the Scottish Government to prioritise the allocation of dormant assets towards combating financial exclusion across Scotland. The recommendation is part of a series of measures contained within Scotland’s first collaborative Financia

The Co-operative Bank brand could disappear from UK high streets amid its acquisition by Coventry Building Society for £780 million.

The Scottish National Investment Bank (SNIB) has been faced with a significant budget reduction, potentially limiting its investment capacity and ambitions to become self-sustaining. Holyrood has allocated £181 million to SNIB in its latest budget for the bank to use between April 2024 an