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Throughout the first quarter of this year, £2.5 billion was withdrawn from pensions flexibly, marking a 19% increase from the £2.1bn recorded last year, according to the latest data from HMRC.

Scottish Building Society chief executive Paul Denton has forecast that Scotland’s £18 billion housing market will experience two waves of bounce-back when the country emerges from lockdown. Mr Denton expects that the market will return to pre-COVID-19 levels. 

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

Business optimism across the UK fell by its largest-ever margin in March, thanks to the current coronavirus crisis, according to figures from the latest BDO Business Trends report.

Allana Sweeney, senior associate in Shepherd and Wedderburn’s restructuring and business advisory team, discusses how the measures of support implemented to help businesses during the coronavirus pandemic are a spark of hope for firms. Each day brings fresh challenges as a consequence of the C

Annual house price growth marginally increased just before the coronavirus pandemic struck the UK, according to the latest Nationwide House Price Index.

Hammerson, the retail property company which owns Aberdeen's Union Square and Glasgow's Silverburn, has seen a major slump in rents, as two-thirds of the rent it expected to collect last week was not sent due to the economic impact of the coronavirus pandemic.

Black Isle Brewery has warned that the coronavirus crisis could be "disastrous" for the brewing industry in Scotland, after the company reported a 95% decrease in sales.

A total of 20,620 stores are expected to remain closed permanently in the wake of the coronavirus outbreak, according to new estimates from the Centre for Retail Research (CRR).

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. However, the accountancy firm has warned that a protracted outbreak could result in a more severe impact than the downturn experienced in

Caledonian Breweries, which produces Tennent's, has announced measures to support the drinks industry during the coronavirus outbreak by freezing its on-trade wholesale prices and granting a three-month debt-repayment holiday to loan customers.

Aberdeen Smaller Companies Income Trust Plc, a fund managed by Aberdeen Standard Investments, has posted strong full-year results for 2019 with the company’s net asset value having increased by 34.3%. The trust’s share price total return also stood at 578%, this compares with a total ret

Scotland's businesses are facing a 25% increase in the total business rates burden in just three years, according to the latest forecast by the Scottish Fiscal Commission.

The Auchrannie Resort on the Isle of Arran has delayed the refurbishment of its main hotel in order to invest £1 million in additional staff accommodation, as Brexit has led to a decline in staff applicants from the European Union (EU).

Older homeowners in Scotland face a retirement income shortfall of £17,652 a year, according to a new report published today by the Equity Release Council and Key.