Thousands of small business across the UK are set to receive insurance payouts covering losses from the first coronavirus lockdown after the Supreme Court substantially allowed the Financial Conduct Authority’s (FCA) appeal on behalf of policyholders in its business interruption insurance test
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Neil Francis, interim managing director of Scottish Enterprise, outlines the support available to Scottish companies as the EU transition period comes to an end. The past year has been incredibly tough for businesses the length and breadth of Scotland.
Aberdeen Standard Investments (ASI) has launched an Emerging Markets Sustainable Development Equity Fund that aims to deliver both an attractive return for investors and a positive societal impact. By leveraging ASI’s extensive research platform and ESG resources, the Fund will invest in Emerg
A number of new business support models are available to small businesses, providing a one-stop-shop of support and facilitating their growth, according to a new study by the Association of Chartered Certified Accountants (ACCA). Traditionally, government initiatives and high street advice outlets p
Nearly £760 million is wasted every year on unwanted Christmas presents for children, according to new research from St James's Place (SJP). The wealth management business said nearly a fifth (18 per cent) of children's gifts across the whole of the UK are unused, unwanted, exchanged or thrown
Scottish Investment Operations (SIO) has appointed Denise Thomas as its new chair, replacing Pauline Burns who has held the position since 2017. Ms Thomas is commercial & client operations director at Standard Life Aberdeen (SLA) where she is responsible for client operations, the oversight
Virgin Money, owner of Glasgow-based Clydesdale Bank, has announced a new strategic fintech partnership with Glasgow-based Redspire, to support the development of its digital proposition for the new Virgin Money Business current account.
The Sainsbury's Group has said it has received "preliminary expressions of interest" from rivals interested in acquiring the Edinburgh-based Sainsbury's Bank. The bank was established as a joint venture between Sainsbury's and Bank of Scotland in 1997 but has been wholly-owned by Sainsbury's since 2
Small businesses in the UK are facing huge uncertainty over the future of their finances as further coronavirus restrictions are imposed, according to the Association of Chartered Certified Accountants (ACCA UK) and The Corporate Finance Network (The CFN) SME Recovery Tracker. The tracker found that
Royal Bank of Scotland and Heriot-Watt University have announced a new scholarship targeted towards black and minority ethnic finance students. Along with supporting BAME students to overcome financial barriers, the scholarship supports the Bank and the University’s commitment to addressi
Edinburgh-based corporate finance firm Quest Corporate has launched a debt advisory unit to be headed up by recent hire Kevin Boyd. The unit has launched as many businesses across Scotland and the rest of the UK face increasing debt pressure over the coming months and into 2021.
The use of technology and the adoption of digital innovation within Scottish businesses has accelerated at an extraordinary level in response to the COVID-19 pandemic, according to a new report by Addleshaw Goddard in partnership with the University of Strathclyde’s Fraser of Allander Institut
The High Court in London has handed down judgment in a test case concerning how business interruption insurance policies should be interpreted during COVID-19. The court found in favour of the arguments advanced for policyholders by the Financial Conduct Authority on the majority of the key issues.
A total of £700,000 is being made available to help Scotland’s Business Improvement Districts (BIDs) support their communities in their recovery from the coronavirus crisis. The Scottish Government has released the funding to support them over the next six months through a second round o
FinTech Scotland has today confirmed the programme for the third Scotland Fintech Festival which will take place virtually. The September festival will see a diverse range of fifty-plus events throughout the month sharing fintech developments in Scotland and from around the world.
