News

Profits at the Royal Bank of Scotland have halved in the first quarter of this year as the bank allocated £802 million to accommodate for a rise in loan losses stemming from the coronavirus pandemic. RBS posted pre-tax profits of £519 million for the period, down from £1 billion th

Scottish businesses are facing a catastrophic decline in cashflow due to the impact of the coronavirus pandemic and are coming up against barriers in government support, according to a new survey conducted by the Scottish Chambers of Commerce (SCC).

The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption insurance to resolve doubt for businesses who are facing uncertainty on their claims. It is also proposing a series of measures to support both consumers and businesses who hold insura

The latest research from CBI has highlighted that the UK private sector is experiencing a significant downturn as businesses and professional services experienced the sharpest fall since 2009. 

High-street fashion chains Oasis and Warehouse are to close permanently with 1,800 employees set to lose their jobs after administrators Deloitte failed to find a buyer to rescue the firm. Deloitte was appointed administrators of the retailer in April.

New research from Nationwide has found that annual house price growth was gaining momentum before the coronavirus pandemic struck the UK.

The banking and finance sector has lent over £4 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

The Construction Industry Coronavirus Forum (CICV) and Construction Scotland have joined calls for the Scottish construction sector to step up and ensure payments are made on time to safeguard cashflow and ensure business and job survival. As trade and professional bodies continue to

An investigation conducted by Which? Money has revealed that social media site such as Facebook, Instagram and Twitter contain profiles and pages openly offering services to hopeful ID fraudsters.

Consumer leisure spending in the UK dropped by seven percentage points in the first three months of 2020 compared to 2019, according to the latest Leisure Consumer report by Deloitte.

The Financial Conduct Authority (FCA) has extended the deadline for e-commerce businesses to implement strong customer authentication (SCA) in the wake of the coronavirus crisis. Firms will now have an additional six months to implement the systems, meaning the new deadline of 14 September 2021 will

An unofficial White House gift shop is selling $100 coronavirus commemorative coins to mark the outbreak of the COVID-19 pandemic. 

KPMG has bolstered its infrastructure, government and healthcare management consulting team in Scotland with the appointment of David Grimson as director. Mr Grimson will focus on supporting public sector clients to improve how they operate, use technology and data to better deliver positive outcome

Blair Nimmo and Geoffrey Jacobs of KPMG were appointed as joint administrators of Central Building Contractors (Glasgow) Limited yesterday. Established in 1971, CBC is a privately owned, family-run Scottish construction company, providing a range of construction design, development and maintenance s

A £100 million package of additional grant support for small and medium-sized businesses (SMEs) and newly self-employed people will open for applications later today.