A Bank of England (BoE) official has warned that up to half of the £45 billion in loans issued to UK businesses under the bounce back loan scheme could go bad. Sam Woods, chief executive of the Prudential Regulation Authority (PRA), warned that UK taxpayers faced a 'significant loss' from the
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The UK's super-rich families are spending big money on Scottish getaways, splurging as much as £600,000 for bespoke two-week staycations.
The Scottish private sector sunk deeper into a downturn during the opening month of 2021, as lockdown measures stifled client demand and led some businesses to close temporarily, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Acti
AMTE Power, the Thurso-based developer and manufacturer of lithium-ion battery cells for specialist markets, has announced its intention to seek admission to trading on AIM of the entire issued and to be issued ordinary share capital of the company. Admission is expected to take place during March 2
A new independent body has been launched to help drive up standards for new-build homes and strengthen protections for buyers across the UK. Members of the New Homes Quality Board (NHQB) will oversee the introduction of a new industry code of practice in the months ahead, placing more responsib
Scotland's economy is 7.1% smaller than it was before the coronavirus pandemic, according to the latest Scottish Government's Monthly Economic Brief. The brief also revealed that Scotland’s GDP fell 1.4% in November (UK: -2.6%), having grown for six consecutive months following the
Scottish social enterprise AAI EmployAbility has secured Scottish Government funding to help improve the pay gap by helping minority ethnic women get back into the workplace following career breaks due to childcare, other care commitments or health issues. AAI’s ‘Back to Work’ init
Scotland’s industrial biotechnology companies are exceeding growth expectations and now deliver combined revenues of nearly £750 million, according to figures that will be announced at the Industrial Biotechnology Innovation Centre’s (IBioIC) annual conference. New analysis from IB
London's thinnest house has gone up for sale for the price of £1.1 million.
Scotland’s private equity deal activity struggled in 2020 as uncertainty and public health restrictions dampened investor appetite north of the border, according to the latest data from KPMG. The data reveals there were just 23 mid-market transactions involving private equity investors in Scot
Experian has announced its top financial advisers in Scotland with the release of its 2020 United Kingdom and Republic of Ireland M&A Review. Experian said that M&A activity in Scotland significantly impacted by the COVID-19 crisis and experienced its worst year on record according to its la
Independent accountancy firm MHA Henderson Loggie has been named as a finalist in two categories of the cHeRries Awards which recognise excellence in the fields of human resources, training and recruitment. The firm is shortlisted in the ‘Exemplary Employer of Choice’ and ‘Terrific
The number of new stocks and shares ISA policies opened in Q4 2020 fell marginally by -4% on Q3 as investor demand reached its lowest level since the first quarter of 2020, according to Scottish Friendly’s Investor Index.
Government proposals to shake up the UK's audit industry could hit directors with big fines or bands for errors in their companies' accounts.
The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled What the FIC! - A practical walk through the setting up and running of a Family Investment Company from a tax and accounting perspective on 24th February 2021, from 1pm to 2pm. The speaker