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
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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.
Aberdeen Standard Investments (ASI) has launched a new Asian Sustainable Development Equity Fund. Aligned with the United Nations’ Sustainable Development Goals (UN SDGs), the fund will invest in quality Asian companies that aim to deliver an attractive return while making a positive contribut
NatWest Group is to get rid of several top bankers as part of a dramatic overhaul of its investment bank, Natwest Markets as chief executive Alison Rose attempts to cut ties with the bank's past. The bank formerly known as Royal Bank of Scotland, majoratively-owned by taxpayers, is expected to tell
Edinburgh-based private security firm GTS Solutions has appointed finance specialist Stephen Paterson to its board. Mr Paterson takes up the position as a non-executive director and brings a wealth of experience to the role.
Chartered accountants and business advisory firm Anderson Anderson & Brown (AAB) has appointed Ian Marshall as director. As well as having worked with a diverse range of tech businesses, right through from start-ups to high-growth and turnaround, Mr Marshall also has significant experience
The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard. More than 1,000 Wirecard shareholders have joined the legal proceedings seeking up to £910 mill
The journey into the next phases of pandemic management is well underway and the timing of opening of different industries is becoming clearer each week. It is good that the government has extended financial support under the Job Retention Scheme (JRS, or Furlough) and is allowing businesses to bri
The Association of Chartered Certified Accountants (ACCA) has called for its members to champion the ethical standards and sustainable business practices that will build organisations that deliver more than shareholder profit. Its new report, Accountants, Purpose and Sustainable Organisations,&
In response to the current coronavirus pandemic plaguing the UK, the Royal Bank of Scotland Group's board of directors has decided to undertake no quarterly or interim dividend payments until the end of 2020. An announcement issued by the bank said that directors will take no quarterly or interim di
