News

Scotland's chief statistician has released statistics showing that the economy grew by 16.0% during the third quarter of 2020, covering the period July to September. The data has revealed that over the year, compared to the third quarter of 2019, the economy has contracted by 9.5%.

HMRC has launched a new UK Trader Scheme to support businesses moving goods from the UK to Northern Ireland. Traders are being urged to consider whether they need to sign up to the new UK Trader Scheme (UKTS) to ensure traders don’t pay tariffs on the movement of goods into Northern Ireland fr

Consumer price inflation fell back much more than expected to a three-month low of 0.3% in November, having risen to a three-month high of 0.7% in October, according to the latest statistics from the Office for National Statistics (ONS).

A police drugs-squad raided a house in Peru dressed as Santa and an elf.

Deloitte has been appointed administrator of engineering firm BiFab.

Accountancy firm BDO has backed down and agreed to repay £4.1 million of furlough money after outrage over its £137m pay out to partners. On Friday, Scottish Financial News reported that partners at the firm would receive an average of £518,000 each despite receiving furlough

NatWest has joined the growing number of UK lenders who have reintroduced 90% mortgages after many banks and buildings societies cut such offerings in the wake of COVID-19. At the beginning of the month, Bank of Scotland owner Lloyds Banking Group announced that it was reintroducing 10% deposit mort

The Fraser of Allander Institute (FAI) at The University of Strathclyde has set out three possible scenarios for Scotland's economic growth in the wake of the coronavirus pandemic.

A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

Neil Francis, interim managing director of Scottish Enterprise, outlines the support available to Scottish companies as the EU transition period comes to an end. The past year has been incredibly tough for businesses the length and breadth of Scotland.

Dundee-based restructuring and insolvency specialists Dunedin Advisory has become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm's staff have fully engaged in the goal of strengthening and developing not only the business but their future personal develo

The Financial Conduct Authority (FCA) has fined Barclays Bank £26 million for failures in relation to their treatment of consumer credit customers who fell into arrears or experienced financial difficulties. Between April 2014 and December 2018 some retail and small business customers who had

Inverness-based Meallmore Ltd has secured a £41 million funding package from HSBC. The firm, which is one of Scotland's largest independent care home operators, will use the funding to purchase two new sites for future development and refurbish some of its 25 homes across Scotland.

Staff at Scottish kitchen design business Cameron Interiors have been given full control of their futures as it becomes the first employee-owned firm of its type in the UK. With studios in Glasgow and Edinburgh, Cameron Interiors has become renowned throughout Scotland for luxury German kitchens &nd

Legal & General has submitted detailed plans for its proposed redevelopment and refurbishment of the Debenhams store on Edinburgh’s Princes Street.