News

The Scottish arm of insolvency and restructuring trade body R3 has issued an eight-point checklist to help owner/managers across the region deal with the impact of the coronavirus pandemic on their businesses. The organisation’s members, who include insolvency practitioners, lawyers, and

One in four UK businesses using the Coronavirus Job Retention Scheme have warned that they will not be able to top up salaries after the scheme is cut back in September, according to a new survey released by the Institute of Directors (IoD). The UK Government announced earlier this month that it wou

The Association of Chartered Certified Accountants (ACCA) has joined the International Chamber of Commerce’s (ICC) global call to action to save small-to-medium-sized businesses amid the coronavirus crisis. The ACCA has signed a Memorandum of Understanding (MOU) to support the ICC's 'Save

The financial cost of coronavirus to SMEs in the UK will exceed £69 billion, with two fifths at risk of permanently closing, according to a new report today by small business insurer Simply Business.

A San Diego man who was arrested on suspicion of breaking into a Chollas View bank this week apparently entered the branch in order to heat up his Hot Pocket sandwiches.

Baxters Food Group has appointed Maik Blumentritt as head of finance for its European Business. Mr Blumentritt began his career at the French power plant manufacturer Alstom (subsequently bought over by General Electric) and the German Consulate-General in Australia before undertaking a va

The Financial Reporting Council (FRC) has launched an investigation into KPMG and PwC over the audits of Eddie Stobart Logistics plc.

Edinburgh-based private bank Hampden & Co has secured a capital raise of £7 million from its four cornerstone investors. The capital will support balance sheet growth, costs and regulatory requirements. It is the intention that other shareholders will have the opportunity to invest later i

Family-owned Edinburgh-based Old Curiosity Distillery has secured a £250,000 loan from Royal Bank of Scotland through the UK Government’s Coronavirus Business Intervention Loan Scheme (CBILS). The funding will provide the business, which currently employs 28 staff at its distil

Lanarkshire-based Iain Potter Construction (IPC) is anticipating an increased workload amid the current coronavirus pandemic after the firm secured a has secured a six-figure CBILS loan from Bank of Scotland to help it stave off the impact of the coronavirus pandemic. 

A round-up of business news from across Scotland featuring: Alpha Solway's visor production for the NHS, Edinburgh Gin's new Gin Fizz, Smarter Grid Solutions' £20 million R&D milestone, Sunamp's £50,00 grant from Innovate UK, Pneumagen's £4m invest

Edinburgh-based Charles Stamper Fruit & Veg has secured a six-figure CBILS loan from Bank of Scotland.

Aberdein Considine has appointed Tahir Bashir as the new operations manager of its banking litigation team. Mr Bashir has joined the firm's Lender Services Practice Group from the Ascent Performance Group, bringing 20 years of frontline experience in property and volume debt recovery with him.

Port Glasgow-based REL Group, a wholesale electronics supplier and recruitment specialist, has secured a £250,000 Coronavirus Business Interruption Loan (CBIL) from Barclays to support it in the wake of COVID-19.

The coronavirus lockdown has damaged the confidence of Scottish businesses so badly that 61% fear they will go bust despite government support, according to a new survey of Scottish businesses conducted by Scotianomics. More than 400 companies, working across 17 broad sectors, took part in the