More than half of the UK’s listed companies currently at heightened risk of insolvency made a claim for government support in December 2020 and could face a financial cliff edge when it comes to an end, according to the latest EY analysis of profit warnings.
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Scottish businesses have benefited from more than £1.94 billion in grants paid directly to businesses since March 2020. This is in addition to £965 million in coronavirus non-domestic rates reliefs.
NatWest bankers will offer customers video meetings outside of normal working hours as part of a revamp of the lender’s retail banking division. NatWest, which owns the Royal Bank of Scotland, has formulated a new strategy for the business, including plans to offer new products for savers, exp
Nationwide, the UK's largest building society, is enabling its 13,000 office-based employees to do their jobs from anywhere in the UK as it puts them in control of how they balance their work and home lives. The move comes after Nationwide employees were surveyed on how they would like to work in fu
The Competition and Markets Authority (CMA) has provisionally found that the proposed merger between Crowdcube and Seedrs will reduce competition and innovation. Crowdcube and Seedrs are the 2 largest equity crowdfunding platforms in the UK. These types of platforms connect small and medium-sized en
Holiday vouchers, discounts for days out and a marketing fund are included in a new £25 million tourism recovery programme announced by the Scottish Government. Speaking at the Scottish Tourism Alliance conference, First Minister Nicola Sturgeon announced the funding to support the sector&rsqu
Barclays is issuing a scams warning focused on the 26,525 property and construction companies based in Scotland. Data released by the bank has revealed that scams targeting businesses increased by almost a third (31%) in January and February, when compared with last year.
Glasgow-based cashback app Swipii has today launched its first-ever crowdfunder as it seeks to quadruple its business network to help power the Shop Local recovery. Hosted by Crowdcube and going live today at 11am, Swipii is seeking to raise £750,000 to accelerate expansion plans and extend th
Glasgow-based construction firm CCG (Holdings) has posted a rise in pre-tax profits to £19.9 million this year but has warned that Brexit has caused "unquantifiable uncertainties" for the firm. The firm's pre-tax profits are up from £12.64m reported in 2019. In the year to March 31 2020,
A purported haul of MDMA worth nearly £900,000 was actually strawberry-flavoured sweets, police have admitted.
Some of Dundee’s most creative young entrepreneurs have joined forces with Developing the Young Workforce Dundee & Angus (DYW) encouraging other independent businesses to support young people after the last 12 months being a difficult time for young people to pursue careers. Local business
Santander has announced plans to close 111 branches across the UK due to the increasing shift to mobile and online banking.
Shops should be free to choose to open on New Year's Day, according to the director of the Scottish Retail Consortium (SRC) upon discussion of the Scottish Government's potential plans to ban trading on the first day of the year.
The Scottish team at research and development (R&D) tax credit specialist Access2Funding is celebrating a crucial milestone after securing £2 million in R&D tax relief in 2021. The Scottish contingent of UK-wide business, Access2Funding, was launched in March 2020 and the ever-growing
As the deadline to apply for a payment deferral ends on 31 March 2021, the Financial Conduct Authority (FCA) wants to reassure consumers in financial difficulty that support will continue to be available under the Tailored Support Guidance (TSG). Payment deferrals allowed firms to deal with unpreced