News

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.

Ondine, one of Edinburgh’s finest seafood restaurants, has secured a £50,000 Bounce Back Loan from Barclays.

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.

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.

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.

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 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

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.

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

Yael Selfin, KPMG UK's chief economist, highlights how the UK needs to rethink the future of its cities in light of the current coronavirus pandemic.  Recessions are usually a catalyst for change and the sharp economic downturn triggered by COVID-19 is bound to turn some things around. One of t

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

Prostitutes in Switzerland are allowed to resume working under new coronavirus lockdown rules. 

Scottish start-ups have recorded their lowest first quarter for fundraising in over twenty years as the coronavirus impacted investor confidence, according to new research from Refinitiv.

Duncan Raggett, insolvency practitioner and head of the restructuring and recovery team at Anderson Anderson & Brown (AAB) discusses the issues and options firms should be considering in preparation for life after lockdown. The impact of COVID-19 on the economy is likely to be long-lasting.