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The UK's inflation rate has hit a four-year low as the coronavirus lockdown restrictions pushed the rate down to 0.5% in May.

A total of 60% of Scottish SMEs are experiencing drops in revenue and 73% have put the brakes on investment decisions, according to a survey conducted by Newable, a business advice and funding service.

Nationwide Building Society has offered around 200 redundancy packages to its staff in an attempt to avoid compulsory lay-offs. The lender, which is the UK's biggest building society, currently employes around 17,000 staff and hopes that enough employees will sign up for the redundancy programme, or

The government must introduce a new ‘jobs guarantee fund’ and expand apprenticeship, college and university places to protect the ‘COVID class of 2020’, according to research published today by IPPR Scotland.

Glenrothes-based accountancy firm Empowered by Cloud has changed its operating model to become a permanent remote operation.  The strategic switch to a 100% remote service came after a refocusing of its business strategy and has seen the Cloud accountancy specialist’s client base dou

Go Ape, the UK outdoor adventure company and visitor attraction has secured funding from the Coronavirus Business Interruption Loan Scheme (CBILS) through Clydesdale Bank, owned by Virgin Money, to help it through the economic impact of the coronavirus crisis.

The coronavirus crisis has spurred many Scottish smaller firms to sell more online; to introduce new products and services; and to use digital technologies to better manage their operations, according to research from the Federation of Small Businesses (FSB). A survey of almost 800 Scottish business

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of Kast Retail Limited, which is the loss-making standalone division of the fashion retailer Quiz. The two were appointed joint administrators by the company's directors on June 10.

The Scottish Government has set a provisional date for tourism businesses to resume operations. The resumption of tourism businesses on July 15 is dependent on public health advice and progression to Phase 3 of the Scottish Government lockdown route-map.

Glasgow-based fashion company Quiz has announced that it is placing the division that runs its 82 standalone stores into administration.

Reach Commercial Finance, the funding and brokerage arm of Glasgow-based Leonard Curtis Business Solutions Group, has made the shortlist for three awards in a scheme run by industry trade body National Association of Commercial Finance Brokers (NACFB). NACFB, who is running the awards initiative for

Allied Irish Bank (GB) has donated £2,000 to charities in Scotland to support communities through the COVID-19 pandemic.  The Edinburgh branch has donated £1,000 to Radio Forth’s Cash for Kids, while the Glasgow team gave £1,000 to the Peek Project in the east end of the

Family-owned Crieff Hydro Group has announced that 241 members of staff will be made redundant at the start of August. The firm which owns seven rural hotels is planning to cut over a quarter of its staff across the group's hotel portfolio.

Standard Life Aberdeen has told the majority of its staff to work from home until the end of this year. Yesterday the company told 4,900 UK employees working from home during the UK's lockdown not to expect to come back to the office this year.

Employer confidence has started to pick back up in some Scottish cities, according to the latest job market data from CV-Library.