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The UK economy has suffered the joint biggest drop since the July-to-September period in 1979, as GDP contracted by 2.2% in the first quarter of 2020.

Standard Life Aberdeen (SLA) has appointed Stephen Bird as its new chief executive as Keith Skeoch announced he will stand down from the role later this year. Mr Bird has an established track record of delivering exceptional value to clients and customers, creating high-quality revenue and earnings

Bibby Financial Services (BFS) has provided Dumfries-based Currie European Transport Ltd with a £9 million funding package to support the re-finance of the transport and storage solutions group. 

The Royal Bank of Scotland has announced the launch of Tyl, a new, innovative payments service designed to make it easier for small business customers across the country to receive payments and manage cash flow during the coronavirus pandemic and beyond.

Elevate Credit International Limited (ECIL), a payday lender which sold loans under the Sunny brand, has gone into administration in the UK with Ed Boyle and David Pike of KPMG appointed as administrators of the firm. The lender has blamed its financial difficulties on the coronavirus pandemic, as w

Angus-based independent financial advisers Ferguson Oliver has today been fully rebranded as Chase de Vere. Ferguson Oliver was founded by Mike Ferguson in 1989, and he was subsequently joined by his twin brother Ken, with the two of them being the joint owners.

Women’s Enterprise Scotland (WES), with support from the Royal Bank of Scotland, has launched a new digital platform designed to support women at the pre-start-up and start-up stage of their business journey. Supported by RBS Back Her Business, the digital Women’s Business Centre, which

New research by the Financial Conduct Authority (FCA) has found that 2.6 million people in the UK have purchased cryptoassets at some point, marking a 1.1 million increase in buyers since last year.

The Scottish Parliament’s Economy, Energy and Fair Work Committee has announced its unanimous support for the general principles of the ‘Protection of Workers Bill’ which seeks to increase protection for retail workers.

The prime minister of Bulgaria, Boïko Borissov, has been fined for entering a church without a mask.

The Competition and Markets Authority (CMA) has found that a private hospital group and seven consultant ophthalmologists broke competition law by taking part in illegal price-fixing. Following an investigation by the CMA, Spire Healthcare Limited and Spire Healthcare Group plc has admitted tha

The Housing Finance Corporation (THFC) has priced a £4.5 million cut of its 25-year Funding No.3 bond at a record-low fixed rate of 1.998%, with funds to be on-lent to New Gorbals Housing Association. With a spread over Gilts of 1.41%, the issue was from so-called ‘retained bonds’

Chartered accountants and business advisory firm Anderson Anderson & Brown (AAB) has appointed Ian Marshall as director. As well as having worked with a diverse range of tech businesses, right through from start-ups to high-growth and turnaround, Mr Marshall also has significant experience

The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

Stirling-based Symbiosis Pharmaceutical Services has secured a £1 million funding package from Allied Irish Bank (GB) to support its 2020 growth strategy.  Allied Irish Bank (GB) will provide £1 million of debt funding to enable physical, operational and commercial development of th