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Nationwide has said that a borrower's credit rating should be affected if they take a further mortgage holiday.

One of the world's oldest bottles of Cognac has been sold in an online auction for £118,580.

Nationwide has seen its profits plummet by 40% after taking a £101 million hit from the coronavirus pandemic. The lender, which is Britain's largest building society, said its underlying profit before tax plunged from £788m in 2019 to £469m this year on underlying income of ju

Chancellor Rishi Sunak has announced that the UK's coronavirus furlough scheme implemented to save jobs during the coronavirus crisis, will finish at the end of October. Mr Sunak also highlighted that employers will have to start sharing the cost of the scheme. From August, employers must pay Nation

The Financial Conduct Authority (FCA) has provided an update on progress on its court action on business interruption (BI) insurance policies. Since the FCA made its last announcement on 1 May, the FCA has approached 56 insurers and reviewed over 500 relevant policies from 40 insurers. The watchdog

The Financial Reporting Council (FRC) has today completed its annual review of FRS 101 Reduced Disclosure Framework and made minor amendments, for consistency, to the disclosure exemptions relating to the statement of cash flows. The FRC has also issued FRED 74 Draft amendments to FRS 102 – In

Royal Bank of Scotland and Strathclyde Business School are hosting a digital debate today designed to bring together key female Scottish business leaders. The debate will centre on the future of leadership following the coronavirus crisis.

Provisional analysis of clean infrastructure projects by the Scottish Trade Union Congress (STUC) has outlined the massive benefits of a government-funded green stimulus for Scotland, with a £13 billion investment creating almost 150,000 jobs and re-absorbing workers w

Martin Gilbert of Standard Life Aberdeen (SLA) has been appointed as the new chair of the Oil & Gas Technology Centre (OGTC). Mr Gilbert will succeed Archie Kennedy who has been vice chair and chair of the OGTC since it was established in February 2017.

Loganair is today relaunching two routes from Aberdeen Airport re-connecting the city with Birmingham and Newcastle, as the first step to restoring full services at one of its major hub airports after the coronavirus pandemic.

A joint venture owned by property entrepreneurs Bruce Linton and David Cameron has acquired north-east housebuilder Scotia Homes for an undisclosed sum. The Ellon firm said it had been acquired by Camlin Group, with the size of the majority stake also undisclosed.

McCrea Financial Services has appointed Veronica Thomas and Chris Bain as the firm's newest independent financial advisors.  Ms Thomas and Mr Bain have will take up their new roles at the Glasgow-based firm today.

Kinloch Lodge, an award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the COVID-19 pandemic, has secured its future thanks to a six-figure CBILS loan from Bank of Scotland. The family-run 19-bedroom hotel relies heavily on revenue from international touri

The Scottish Retail Consortium (SRC) has called on the Scottish Government to take bold steps to deliver an economic stimulus package in response to the coronavirus pandemic. In “Road to Recovery”, an eight-page submission to the Scottish Government’s Advisory Group on Economi

Business advisory firm FRP Advisory has appointed Chad Griffin as its new partner to be based in Scotland.   Mr Griffin joins FRP Advisory from FTI Consulting in London, an independent practice that he helped launch and grow for the last 15 years.