News

The UK economy will not get back to pre-pandemic levels for four years according to the EY Item Club.

Investors in the closed Woodford Equity Income fund, a fund managed by Aberdeen Standard Investments, have lost more than a quarter of their savings (around £1 billion) since it was frozen by its administrators, Link Fund Solutions.

A funding package of £10 million has been established by the Scottish Government to help the Scottish events sector recover from the coronavirus pandemic. 

Consumer confidence in the UK has improved slightly in the second quarter of this year, following a record decline in consumer confidence in the first quarter of the year, according to the latest Deloitte Consumer Tracker.

A new £4 million funding stream for the independent museums sector to help bolster resilience following the coronavirus pandemic has been announced by culture secretary Fiona Hyslop. The Museums Resilience and Recovery Fund will provide support for Scotland’s museums and galleries and wi

Investors remain interested in the Scottish commercial property market despite the coronavirus crisis, a lawyer has said. Derek Nash, partner at Lindsays, said that demand was “robust” throughout the crisis and that the trend towards working from home does not mean the end of the office.

Banksy paintings worth £1.2 million are to be sold at a charity auction to raise money for Bethlehem hospital. The work to go on sale is a triptych of what appears at first sight to be 19th-century seascapes but are actually politically charged paintings.

Businesses across almost all sectors in Scotland are experiencing further distress despite the support schemes implemented by the government to help combat the economic impact of the COVID-19 outbreak, according to insolvency firm Begbies Traynor.  The country’s beleaguered hotels, bars a

AJ Bell, which is one of the UK’s largest investment platforms, is moving into the cash savings market after the company experienced an increase in trading volumes during the coronavirus pandemic. The firm's customers will be able to apply for fixed-term savings accounts from a variety of

Fife-based vending solutions firm, Ideal Vending and Coffee Services Limited, has secured a £55,000 CBILS funding package from the Royal Bank of Scotland to safeguard the future of the business following the coronavirus pandemic.   Specialising in the supply of all vending solutions,

Almost a third of Scottish SMEs intend to make the operational changes implemented during the coronavirus crisis a permanent fixture, according to new research from Santander. 

Scottish law firm Gillespie Macandrew has secured over £2 million of emergency funding for business clients in the last month. The firm’s banking and finance practice has advised on a number of government-backed emergency loans designed to help SMEs remain afloat during the coronavirus p

Edinburgh-based financial services company Nucleus Financial Group has grown its assets under administration (AUA) despite the impact of the coronavirus pandemic on market volatility.  The firm's AUA, which stood at £15.8 billion as at 30 June 2020, was up 13.1% on the previous

Dundee-based learner driver start-up GoRoadie has completed its seed investment funding round with Edinburgh-based Apollo Informal Investments, along with UK-based angels. The purpose of the fundraising was to further expand GoRoadie’s presence in the UK.

Tourism, business, community and agricultural projects across Dumfries and Galloway and the Scottish Borders have been awarded more than £2.1 million to support economic development across the region.