News

Chartered accountants Wylie & Bisset has cautioned business owners against seeking to borrow their way out of COVID-19 financial difficulties and urged them to engage with financial advisors before rushing to submit a Coronavirus Business Interruption Loan (CBIL) application. While acknowle

Virgin Money, formerly known as Clydesdale Bank, has announced that it has appointed David Bennett as its new chairman.  His appointments follows the announcement made earlier this year that its current chairman, Dundonian Jim Pettigrew would retire.

Eilidh Mactier, real estate associate at law firm CMS, details how diversification may shape the future of retailers and restaurants in Scotland after the coronavirus pandemic.  Retailers and restaurants have been among the businesses hardest hit by the impact of COVID-19. The March 2

British savers have accrued a staggering £119 billion in ISAs in the past 21 years that has been directed towards buying a home, new research from Scottish Friendly has revealed.

Job vacancies have plummeted across all corners of Scotland in April, with adverts for jobs dropping by 60.1% compared to March, according to data from CV-Library.

It is estimated that there are around 1.6 million pension pots worth £19.4 billion unclaimed because homeowners rarely contact their pension providers when they move home, according to the latest research commissioned by the Association of British Insurers (ABI). 

Business confidence in the UK has reached a record low due to the impact of COVID-19, according to the latest CFO Survey by Deloitte.

New car registrations dropped to only 4,000 in the UK in April, according to The Society for Motor Manufacturers and Traders (SMMT).

SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey.

A funding deal to support the management buyout of a Scottish-based provider of fire detection, security systems and Technology Enabled Care Systems (TECS) from a business in administration has helped save 51 jobs and life-saving services for vulnerable individuals across Scotland and the North of E

A five-year-old boy from Utah who was pulled over by the police told the Highway Patrol officer that he was on his way to California to buy a Lamborghini.

Sir George Mathewson, the former boss of the Royal Bank of Scotland, has urged the UK Government to write off all state-backed loans to businesses to give firms a better chance of survival during the coronavirus pandemic. Sir George said that the government should fund the giveaway through increased

Kingdom Housing Association has agreed a Revolving Credit Facility Agreement with Lloyds Bank during the coronavirus period after an open tender process run for Kingdom by ATFS. The facility is for £10 million for a term of five years at competitive rates in the current climate.

Insolvency practitioners across Scotland are preparing for an upsurge of insolvencies stemming from the economic impact of the coronavirus pandemic which is likely to accelerate the demise of companies that were struggling in any event. And they are warning that cash will be king in the coming reces

The number of profit warnings by listed companies in Scotland has reached a record level in the first quarter of this year, according to the latest Profit Warning report from EY.