News

As the coronavirus outbreak forces the cancellation of sporting events worldwide, Wimbledon's organisers, the All England Club, has cashed in on an insurance policy worth £100 million.

Results from the second British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.

Property and investment firm Osborne+Co has submitted plans to create a mixed-use development in Glasgow city centre which would include the refurbishment of the Met Tower to create 120,000 sq ft of Grade A office space and a new 260-bed hotel.

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

Archangels, the Edinburgh-based business angel investment syndicate, has led investment of £6.2 million in Scottish early-stage companies in the first quarter of 2020. Four tech and life sciences businesses – Blackford Analysis, Fios Genomics, Optoscribe and Speech Graphics – were

Just over £1.7 million of funding has been paid out this week to some of the businesses in the Scottish Borders affected by coronavirus, providing vital support to 148 businesses in the area.

Scottish Building Society (SBS) has partnered with Alzheimer Scotland’s free 24-hour hotline to help those living with dementia and their families. Staff at SBS, the world’s oldest building society, are supporting the charity’s volunteers by providing specialist advice on questions

MBM, the Edinburgh-based commercial law firm which aids entrepreneurial businesses, has discussed the process of online fraud of which there is an increased threat of during the current coronavirus crisis.

Permanent staff appointments declined at the steepest rate since April 2009 in March, while temp billings fell at the quickest pace on record, as the coronavirus pandemic hit the Scottish jobs market, according to the latest Royal Bank of Scotland report on jobs.

Scotland's GDP could contract by around 20-25% if the government-imposed coronavirus restrictions remain in place for three months, the University of Strathclyde's Fraser of Allander Institute has warned.

Housebuilder Taylor Wimpey is to make advance payments to self-employed subcontractors under a new scheme aimed to help workers forced to stay home by the coronavirus lockdown. The company has allocated £5 million to its ‘Pay It Forward’ scheme which will pay out £600 a month

The Scottish Government has issued payments worth £19.1 million to almost 6,000 farmers and crofters in Scotland’s most remote and rural areas from the Less Favoured Area Support Scheme (LFASS). The majority will receive balance payments on top of the 95% loan paid between January and Ma

Savills Planning has welcomed the provisions being put in place by the Scottish Government to keep the wheels of the country’s planning system in motion during the current hiatus caused by coronavirus.  Savills planning team in Scotland has been liaising with the chief planner and his tea

Barclays has announced that its chairman Nigel Higgins, group CEO Jes Saley and finance director Tushar Morzaria will donate a third of their fixed pay for the next six months to charities supporting people affected by the coronavirus outbreak. The donation is part of Barclays' new £100 m

TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis. TSB said that throughout the last month, TSB has been taking action to support businesses a