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Scotland's economy grew by 0.2% during the fourth quarter of 2019, covering the period October to December. Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year, compared to the fourth quarter of 2018, the economy has grown by 0.7%. In 2019 the economy

Accountants across Scotland have welcomed the postponement announcement by the Treasury of the introduction of IR35 tax changes on off-payroll working. The decision is part of the wider government measures designed to support the economy in light of the coronavirus. It is not to be considered a canc

Scottish fintech Giftround is changing the fee structure of its group gifting collection service to help those in most need during the coronavirus outbreak. From today, GiftRound will be adding a small fee of £1 to every contribution made into a group gifting collection. And every £

Drinks giant Diageo announced a suite of measures yesterday to help support the British drinks trade as it faces unprecedented challenges from the impact of the COVID-19 crisis.

Aberdeen Standard Investments (ASI) has announced that dealing has been suspended in its  £1.7 billion UK Real Estate Fund and £1.1 billion Aberdeen UK Property Fund. The company said that as with the other property fund suspensions announced over the last 24 hours, “the suspe

Founders of global brewing phenomenon BrewDog have spoken exclusively about the challenges they faced to achieve success in a new documentary which airs on BBC ALBA on Wednesday, March 18th. James Watt and Martin Dickie, from Aberdeenshire, reveal how they built the business from an industrial unit

Guidance on how to arrange and conduct AGMs in light of Covid-19 has been published by The Chartered Governance Institute (ICSA) in conjunction with the Financial Reporting Council (FRC) and Slaughter & May.  Paul George, FRC executive director of corporate governance and reporting, sa

Edinburgh-based technology company ePOS Hybrid has smashed its crowdfunding targets by 60% after raising £400,000. ePOS Hybrid, which surpassed its target just half way through the campaign, went on to enjoy continued successes with another 89 backers coming on board in the final stages of the

Dundee-based distillery Verdant Spirits has swapped from distilling gin to producing hand sanitiser following an appeal from local care groups in the wake of the Coronavirus outbreak.

Loganair has today announced a further drop in the number of flights due to the increasing impact of the coronavirus. With forward bookings continuing to fall dramatically versus their previous levels, the airline has enacted an overall reduction of over half of its flying program for April and

Scottish businesswoman Marie Macklin CBE has offered £100,000 community cash fund to support the communities of Kilmarnock, which will help tackle the local impact of the coronavirus pandemic on the places closest to her heart. Having seen first-hand how the pandemic is directly affe

The number of young people ages 16-24 years in employment in Scotland from January 2019 to December 2019 has increased from 57.2% to 57.9%, according to the Annual Population Survey.

Yesterday, economy secretary Fiona Hyslop announced a series of measures to mitigate the economic impact of the coronavirus on businesses in Scotland, including a £2.2 billion for businesses. In her statement, Ms Hyslop warned that as a result of coronavirus, the Scottish economy is facing an

The joint administrators of the Beales department store chain, Will Wright and Steve Absolom from KPMG, have confirmed that all remaining Beales stores, including Perth, will close today. While this is two weeks ahead of the administrators’ original schedule, the impact of Covid-19 on the reta