News

Results from the British Chamber of Commerce's (BCC) first COVID-19 Business Impact Tracker paint a concerning if unsurprising picture for business communities affected by coronavirus, as almost two-thirds of UK businesses reported that they only have three months of cash reserves available.  T

The Financial Reporting Council (FRC) has imposed sanctions against KPMG, ordering the audit firm to pay £700,000 for audit quality breaches. The watchdog has imposed the sanctions against KPMG and Nicola Quayle, the former senior partner for KPMG's Manchester office, in relation to the statut

Annual house price growth marginally increased just before the coronavirus pandemic struck the UK, according to the latest Nationwide House Price Index.

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

A cyclist from New Zealand needed the help of a rescue helicopter after he and five friends were cycling the length of the country to raise money for rescue helicopters.

Chartered accountancy and business advisory firm Anderson Anderson & Brown (AAB) has bolstered its team of directors with three new appointments. AAB has promoted three members of staff to the position of director with the aim of further augmenting their team of expert and trusted advisors durin

Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

Glasgow-based City Blinds & Shutters has closed down due to the coronavirus pandemic. The store has immediately ceased trading with over 60 employees losing their jobs. 

Muthill-based FIMM Potatoes, which supplies table and seed potatoes to the UK, Europe, North Africa and the Middle East, is modernising its operating processes after securing £1 million in support from HSBC UK.

Virgin Money, formerly known as Clydesdale Bank, has announced that it will not proceed with the branch closures and job cuts announced in February, as a result of the current situation with COVID-19. The lender announced on February 27, that it would be cutting 500 jobs and closing 52 bra

Small business tenants are set to get new protection from eviction during the coronavirus outbreak, thanks to new legislation set to be passed by Holyrood today. Policymakers believe the change will protect commercial tenants for a period of at least three months.

Stock markets have suffered their worst quarter in over thirty years after the coronavirus pandemic has disrupted economies across the globe.

The Institute of Directors (IoD) has called for help for companies and entrepreneurs currently 'falling through the cracks' of government support, as new figures underline the impact of the coronavirus outbreak on firms.

In response to the current coronavirus pandemic plaguing the UK, the Royal Bank of Scotland Group's board of directors has decided to undertake no quarterly or interim dividend payments until the end of 2020. An announcement issued by the bank said that directors will take no quarterly or interim di

The Scottish Government has confirmed it will invest a further £40 million in Allia C&C’s Scottish Charitable Bond programme for 2020/21, to help continue to deliver its social housing targets. Allia C&C has been supporting the vital development of affordable homes across Scotlan