Business

Clothing brand Abercrombie & Fitch has leased a space in Edinburgh as it plans to open its first Scotland store.  Savills, on behalf of Patrizia, has let the 65 George Street location in Edinburgh to AFH Stores UK Ltd.

At the UK level, a fall in permanent staff hires was also noted, with the rate of decline similar to that seen in Scotland. Hiring activity across Scotland fell into decline during October, with both permanent staff appointments and temporary billings contracting, according to the latest Royal Bank

On the new build front, the average price has risen by 6% over the past year in Edinburgh and 12% in Glasgow. Scotland has seen some of the strongest apartment rental price rises in the past five years, with Glasgow and Edinburgh witnessing 51% and 27% respectively, according to research from proper

Par Equity has led a £6.9 million investment round for StretchSense after it expanded its European headquarters in Edinburgh, launching a centre of excellence in AI and spatial computing. The New Zealand tech firm is a specialist in high-precision motion capture technology for the gaming and a

Scotland’s first dedicated trike dealership has launched with support from Business Gateway. Rewaco Trikes Scotland, which is based out of Brechin, launched in April of this year, and is the passion project of Gordon Carr and Ellie Whitehead. The duo loved riding trikes on holiday so much that

Scottish Leather Group has invested £13 million across its businesses as the firm sees a 75% increase in orders year-on-year.

Leap Automation, a Scottish producer of intelligent robotic systems for end of line automation for fresh produce, has received a seven-figure cash injection from Alba Equity and Scottish Enterprise. The significant investment will see the Aberdeen business consolidate its lead in the food packi

According to a survey by Choice Quote, 17% of motor trade employers in Scotland have already let staff go, with a further 58% considering making cuts to their staff before the end of the year, a further 42% are planning to lay off workers by the end of 2022. Of those surveyed, increased petrol price

Bathgate-headquartered baggage courier firm Eagle Aviation has landed a major acquisition that will now see it cover the majority of airline contracts at Heathrow as it consolidates its UK market dominance. Eagle Aviation has purchased the business and assets of Groundcare Solutions (UK) Ltd, a Lond

Dundee-based sustainable cleaning product manufacturer and supplier, Ecoanolytes, trading as Dew, has secured six-figure investment, supported by Thorntons’ specialist high growth team. The funding, worth £400,000, will enable the business to progress its ambitious growth plans following

Livingston Building Services Limited (LBS), a specialist in mechanical and electrical engineering services, which operated from sites in Livingston and Glasgow, has reported exceptional growth in the last year, tripling its turnover and forecasting continued development into 2023. Turnover for the l

An in-depth ‘barometer survey’ of tourism and hospitality businesses in the South of Scotland has painted a concerning picture of the difficulties many operators face in a worsening national and global economic climate, with one describing the cost of living crisis as "much, much bigger

Dunnet Bay Distillers Ltd is set to expand after having secured funding up to £180,200 from Highlands and Islands Enterprise (HIE) for the project. The Caithness distillery, owned by local husband and wife team, Claire and Martin Murray, started trading in 2014 after building a small gin

Keane Premier Group, the Lanarkshire-based care provider, has expanded its portfolio by completing the purchase of Kingsgate Care Home, after receiving a loan from Barclays of £1.2 million. The funding from Barclays will support the acquisition of the 60-bed care home, based in South Lanarkshi

A new survey from ACCA UK (the Association of Chartered Certified Accountants)  and The Corporate Finance Network (The CFN) has revealed that a staggering 79% of SMEs believe the current energy support package for businesses is insufficient.  The SME Tracker contextualises the ongoing