News

Business confidence in Scotland fell by a further eight points during June to -41%, marking the lowest level of confidence across all UK regions and nations, according to the latest Business Barometer from of Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in the

The Royal Bank of Scotland has announced the launch of Tyl, a new, innovative payments service designed to make it easier for small business customers across the country to receive payments and manage cash flow during the coronavirus pandemic and beyond.

Simon Capaldi, office agency partner at Knight Frank, discusses how the coronavirus pandemic will accelerate changes to office-based working. Social distancing has turned our lives upside down and at short notice businesses adapted to remote working, moving office life into the home.

Women’s Enterprise Scotland (WES), with support from the Royal Bank of Scotland, has launched a new digital platform designed to support women at the pre-start-up and start-up stage of their business journey. Supported by RBS Back Her Business, the digital Women’s Business Centre, which

Elevate Credit International Limited (ECIL), a payday lender which sold loans under the Sunny brand, has gone into administration in the UK with Ed Boyle and David Pike of KPMG appointed as administrators of the firm. The lender has blamed its financial difficulties on the coronavirus pandemic, as w

The Scottish Parliament’s Economy, Energy and Fair Work Committee has announced its unanimous support for the general principles of the ‘Protection of Workers Bill’ which seeks to increase protection for retail workers.

The UK economy has suffered the joint biggest drop since the July-to-September period in 1979, as GDP contracted by 2.2% in the first quarter of 2020.

New research by the Financial Conduct Authority (FCA) has found that 2.6 million people in the UK have purchased cryptoassets at some point, marking a 1.1 million increase in buyers since last year.

The prime minister of Bulgaria, Boïko Borissov, has been fined for entering a church without a mask.

Giles Wilson, chief executive officer of global aviation services firm John Menzies PLC, has announced that he will leave the group to take up the position of chief financial officer with William Grant & Sons.

Members of Johnston Carmichael's restructuring team have published a commentary on the introduction of the Corporate Insolvency and Governance Act 2020, which came into force on June 26 bringing new measures to provide extra support to businesses in financial difficulty due to COVID-19. The int

Hawick-based Chrysties Furnishing Centre as reopened in the month of its 30th birthday following a £200,000 Coronavirus funding package from Royal Bank of Scotland. Chrysties has been a much-loved family firm in Hawick for the past three decades. The coronavirus lockdown measures forced the fa

The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard. More than 1,000 Wirecard shareholders have joined the legal proceedings seeking up to £910 mill

Estate agents across Scotland are forecasting a record month for sales in July, eclipsing the 10,352 properties sold in July 2018. The Bank of Scotland has said it has seen a 75% rise in online mortgage applications in the last week alone, and a 470% spike in people seeking a lending appointment.

Lloyds Bank has announced plans to move further into wealth management and insurance services in its next strategy update.