News

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.

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.

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

David Provan, managing director of Hillington-based Provan Sports, which trades as Pitch Teamwear is urging Scottish businesses needing financial support to apply for the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). He has said that businesses should not be deterred

As the coronavirus lockdown continues giving many businesses restricted or no option to trade, Angela Paterson, associate director of Dunedin Advisory, specialist restructuring and insolvency advisors, highlights a potential lifeline to consider – a CVA. A CVA is a procedure governed by Insolv

UKSE, a subsidiary of Tata Steel, has appointed finance veteran Scott Webb as its area manager for Scotland. With a background in business finance, including roles at Clydesdale Bank, North Ayrshire Council and the West of Scotland Loan Fund, Scott Webb joined UKSE almost eight years ago.

MPs are to question senior bankers today over the slow roll-out and low level of emergency loans extended to businesses during the last six weeks.

British Chambers of Commerce (BCC) president, Baroness Ruby McGregor-Smith, has written an open letter to the Prime Minister setting out principles for a phased restart of the UK economy. The leading business group set out its integrated approach, the first step in a three-stage proce

The UK Government has set up a discretionary fund to help financially support certain small businesses who previously fell outside the scope of the business grant funds scheme.

Royal Bank of Scotland is supporting a new drive to help children and families across Scotland who have no books at home or any access to books during the coronavirus pandemic.  The Scottish Book Trust is working with local authorities across Scotland and other charities, in

The Royal Mint has issued a commemorative £2 coin to celebrate the 75th anniversary of VE Day.