Following 0.6% growth in January, Scotland’s economy experienced a slight setback in February 2024, with onshore GDP contracting by 0.3%, according to statistics announced by the Chief Statistician.
In a deal facilitated by FRP Advisory, Scottish convenience store chain Eddy’s Food Station has been acquired by SPAR Scotland’s wholesaler, CJ Lang & Son Ltd, for an undisclosed sum.
Scotland is poised for a gradual economic recovery with steady growth predicted over the medium term, according to KPMG UK’s inaugural Scottish Economic Outlook report.
In a bid to spearhead innovation in the financial technology sector, FinTech Scotland and Smart Data Foundry have joined forces to introduce an industry-wide UK fintech innovation challenge.
Glasgow-headquartered SpaceandPeople has reported revenue of £5.8 million, a 24% increase, and a return to profitability after navigating choppy waters over the past three years.
Edinburgh-based Waverton Wealth has been awarded Regional Wealth Manager of the Year for Scotland and Northern Ireland at the 2024 City of London Wealth Management Awards (COLWMA).
Peterhead-based engineering solutions firm JBS Group has announced strong growth expectations as it executes a diverse portfolio of contracts valued at over £7 million for the latter half of this year.
Maryhill Housing Association (MHA) has received a funding boost from Royal Bank of Scotland totalling almost £25 million to improve and maintain its current homes, whilst making progress towards net zero goals.
Thomas Taylor Bowls has secured a Virgin Money funding package backed by government department UK Export Finance (UKEF) to help the family business continue its international growth.
The Scottish Retail Consortium (SRC) is urging Scottish Ministers to adopt a strategic approach to taxation in their upcoming medium-term tax strategy.
While UK inflation remains sticky and the prospect of interest rate cuts is moving further away, businesses in Scotland once again saw both advanced and early signs of financial distress rise in the first quarter of 2024 compared with Q1 2023, according to Begbies Traynor.