News

Property owners are shifting from short to long term letting as coronavirus hits holiday lets, according to DJ Alexander. The property management company has first-hand evidence of Airbnb owners moving their properties away from holiday letting to long term letting as the tourist market collapses.

A total of 20,620 stores are expected to remain closed permanently in the wake of the coronavirus outbreak, according to new estimates from the Centre for Retail Research (CRR).

The coronavirus outbreak has already led to a sharp economic downturn in Scotland; one that will undoubtedly change the shape of our economy in the long-run, according to the Fraser of Allander Institute.

In response to the current COVID-19 situation, the Financial Conduct Authority (FRC), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) are today announcing a series of actions to ensure information continues to flow to investors and support the continued functioning of the

Edinburgh-based Frontier IP has bought a 29% equity stake in AquaInSilico Lda, which is developing software tools to optimise wastewater treatment across many different industries. AquaInSilico, a spin-out from Portugal's NOVA University, NOVA School of Science and Technology has developed sophistic

Legal, finance and property firm Gilson Gray has created an emergency hotline for all queries and issues relating to the COVID-19 pandemic. The hotline can be used by anyone in Scotland looking for guidance on any area of law, property and financial advice - from corporate and employm

Figures released by the Federation of Small Businesses (FSB) in Scotland show that there are thousands of self-employed people in every Scottish local authority area that could require income support during the coronavirus outbreak.   Ahead of an expected announcement by Prime Minister Boris Jo

The Chartered Institute of Taxation (CIOT) has welcomed the easing of a tax rule which should lead to the production of more hand sanitizers to deal with the outbreak of COVID-19.

In the three months to February 2020, the quantity bought in retail sales fell for the fourth consecutive month by 0.6%, according to the latest Office for National Statistics (ONS) Retail Sales data.

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

In the aftermath of the closure of McDonald's restaurants across the UK, people have taken to eBay to sell McDonald's menu items.

KPMG has been appointed as administrators of Glasgow-based fabric and soft-furnishing company Remnant Kings Central Limited. Blair Nimmo and Alistair McAlinden were appointed as joint administrators of the firm yesterday.

Dundee-based Broker Insights, an independent searchable platform connecting insurers and brokers, has appointed Stephen Smith as insurer account manager.   With a successful career as both an underwriter and a broker, Broker Insights said that Mr Smith is

The Scottish Government has launched a £1 billion business support fund meaning businesses can now apply for grants to help them deal with the impact of the coronavirus outbreak. The one-off grants are designed to help protect jobs, prevent business closures and promote economic recovery, and

The Bank of England has launched its emergency liquidity scheme to make sure banks have enough cash, as it warned that immediate disruption from the pandemic could be more severe than its banking stress tests. Underlining the risks to the financial system, the Bank of England has activated its conti