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Cash generation of businesses in Scotland was worryingly low heading into the cash crunch triggered by the coronavirus pandemic, according to a new study by accountancy and business advisory firm BDO. BDO’s analysis of UK businesses shows that those in Scotland converted just 2.7% of the

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

Edinburgh craft beer subscription firm Beer52 has succeeded in meeting an exceptional increase in demand thanks to funding support from Royal Bank of Scotland. During lockdown, an unprecedented surge in customer demand resulted in a landmark 200,000 subscribers for the firm. The company has since do

The Bank of England has announced that it will inject an extra £100 billion into the UK economy whilst maintaining interest rates at a record low of 0.1%.

Edinburgh-based fintech Modulr has teamed up with Glasgow-based Soar to deliver real-time payments to support responsible lenders. Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system. Modulr’s new type of pa

More SMEs are changing their credit terms with their suppliers due to coronavirus, according to the latest results from the Association of Chartered Certified Accountants (ACCA) UK and The Corporate Finance Network (The CFN) SME Health Tracker. The survey of accountants, representing nearly 19,000 S

Veteran banker Sir Angus Grossart has nearly doubled his stake in Elgin-based Springfield Properties after buying £1 million of shares from its chairman Sandy Adam. The deal gives Sir Angus, who is the current chair of investment bank Noble Grossart and lobbying firm Charlotte Street Part

The Bank of England (BoE) and The Beano Comics have joined forces to teach school children how to manage their pocket money.  In a new collaboration, the two have launched a 12-lesson course on financial literacy, called Money and Me which will be introduced to Scottish, English and Welsh

Carluke-based ground maintenance and weed control specialist firm Complete Weed Control, has appointed Kirsty Stewart-Brown as finance director. The firm provides ground maintenance and weed control along motorways, construction sites, parks and other public areas throughout the Central Belt. It als

The UK's GDP fell by 20.4% in April marking the largest decline since monthly records began in 1997, according to the latest data from the Office for National Statistics (ONS).

JBS Fabrication Ltd, an Aberdeenshire company providing engineering solutions to the energy sector, has secured vital funds to navigate the coronavirus lockdown and recovery, thanks to a £1.2 million Coronavirus Business Interruption Loan (CBIL) from Barclays.

Dundee & Angus Chamber of Commerce has launched a new business funding matching tool to revolutionise access to finance for businesses across the region. The new Chamber Finance Finder will allow member businesses fast and simple access to all funding options across loans, equity and grants &nda

Glasgow-based law firm Levy & McRae has warned that Scottish businesses must act immediately to check whether they can successfully claim on their insurance for coronavirus disruption. Levy & McRae solicitors believe there are hundreds of businesses – especially small and medium enterp

The coronavirus crisis will have a significant impact on the Scottish commercial property market, but it will also see more investors look for off-market deals in 2020, according to Knight Frank. The independent real estate consultancy said that, despite the challenges and investment caution brought

Small to medium-sized businesses will struggle to trade if social distancing measures continue, according to the latest results from the Association of Chartered Certified Accountants (ACCA UK)and The Corporate Finance Network's  SME Health Tracker.