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Scotland's GDP could contract by around 20-25% if the government-imposed coronavirus restrictions remain in place for three months, the University of Strathclyde's Fraser of Allander Institute has warned.

Permanent staff appointments declined at the steepest rate since April 2009 in March, while temp billings fell at the quickest pace on record, as the coronavirus pandemic hit the Scottish jobs market, according to the latest Royal Bank of Scotland report on jobs.

Scottish Building Society (SBS) has partnered with Alzheimer Scotland’s free 24-hour hotline to help those living with dementia and their families. Staff at SBS, the world’s oldest building society, are supporting the charity’s volunteers by providing specialist advice on questions

Results from the second British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.

Just over £1.7 million of funding has been paid out this week to some of the businesses in the Scottish Borders affected by coronavirus, providing vital support to 148 businesses in the area.

Savills Planning has welcomed the provisions being put in place by the Scottish Government to keep the wheels of the country’s planning system in motion during the current hiatus caused by coronavirus.  Savills planning team in Scotland has been liaising with the chief planner and his tea

MBM, the Edinburgh-based commercial law firm which aids entrepreneurial businesses, has discussed the process of online fraud of which there is an increased threat of during the current coronavirus crisis.

The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection. 

Archangels, the Edinburgh-based business angel investment syndicate, has led investment of £6.2 million in Scottish early-stage companies in the first quarter of 2020. Four tech and life sciences businesses – Blackford Analysis, Fios Genomics, Optoscribe and Speech Graphics – were

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

Perth-based insurance giant Aviva has announced that it will suspend its 2019 final dividend amid the current economic uncertainty caused by the coronavirus outbreak. Aviva said that its board has taken this decision in the wake of the unprecedented challenges COVID-19 presents for businesses,

TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis. TSB said that throughout the last month, TSB has been taking action to support businesses a

Savills has said that it is making preparations for owners of Scottish farmland to bring their farms to the market when the time is right. Until the last few weeks, sellers had been ready to commit to the market following the General Election result, and buyers who had previously been frustrated by

Barclays has announced that its chairman Nigel Higgins, group CEO Jes Saley and finance director Tushar Morzaria will donate a third of their fixed pay for the next six months to charities supporting people affected by the coronavirus outbreak. The donation is part of Barclays' new £100 m

An auction raising money for the NHS will see several star-studded prizes such as lunch with Dame Joan Collins up for grabs in a bit to support charities in the fight against the current COVID-19 pandemic.