Search: financial focus

Chancellor Rishi Sunak has announced that the UK Government's job retention scheme has been extended until October.  The scheme will ensure that workers who have been furloughed because of the coronavirus pandemic are paid 80% of their monthly wages up to £2,500.

Chartered accountants Wylie & Bisset has appointed Laura Smith to the newly-created position of Xero lead to promote the benefits of digital book-keeping to SMEs. Ms Smith, director and head of healthcare at the firm, notes that recent weeks have seen many SMEs adopt digital book-keeping systems

David Duffy, the owner of Clydesdale Bank, has halted plans to change bank branch names to Virgin Money as it made provisions for higher losses on loans in light of the coronavirus outbreak.  The swift change in plans and allocation of coronavirus safety-net funds has caused the lender's first-

An initiative to create a vast new nature reserve in Dumfries and Galloway through southern Scotland’s largest community land buyout is being launched today with a £3 million crowdfunding campaign to help purchase 10,500 acres of Langholm Moor. The ambitious plan by charity The Langholm

New analysis by The Institute for Public Policy Research (IPPR) shows that 750,000 people in Scotland could be enrolled onto the Jobs Retention Scheme (furloughed) this quarter, and a further 150,000 jobs could be lost as a result of the COVID-19 crisis.

Chartered accountants Wylie & Bisset is adapting to the ‘new normality’ of coronavirus-enforced changes to working life by introducing a series of changes to its business practices to enable it to work smarter for its clients. Donald McKinnon, managing partner at Wylie & Bis

British savers have accrued a staggering £119 billion in ISAs in the past 21 years that has been directed towards buying a home, new research from Scottish Friendly has revealed.

Job vacancies have plummeted across all corners of Scotland in April, with adverts for jobs dropping by 60.1% compared to March, according to data from CV-Library.

A funding deal to support the management buyout of a Scottish-based provider of fire detection, security systems and Technology Enabled Care Systems (TECS) from a business in administration has helped save 51 jobs and life-saving services for vulnerable individuals across Scotland and the North of E

Sir George Mathewson, the former boss of the Royal Bank of Scotland, has urged the UK Government to write off all state-backed loans to businesses to give firms a better chance of survival during the coronavirus pandemic. Sir George said that the government should fund the giveaway through increased

Kingdom Housing Association has agreed a Revolving Credit Facility Agreement with Lloyds Bank during the coronavirus period after an open tender process run for Kingdom by ATFS. The facility is for £10 million for a term of five years at competitive rates in the current climate.

The number of profit warnings by listed companies in Scotland has reached a record level in the first quarter of this year, according to the latest Profit Warning report from EY.

UKSE, a subsidiary of Tata Steel, has appointed finance veteran Scott Webb as its area manager for Scotland. With a background in business finance, including roles at Clydesdale Bank, North Ayrshire Council and the West of Scotland Loan Fund, Scott Webb joined UKSE almost eight years ago.

MPs are to question senior bankers today over the slow roll-out and low level of emergency loans extended to businesses during the last six weeks.

Consumer leisure spending in the UK dropped by seven percentage points in the first three months of 2020 compared to 2019, according to the latest Leisure Consumer report by Deloitte.