News

Several City of London firms are preparing to let staff work from home for a portion of the week, as the impact of the coronavirus pandemic continues to impact working habits.

Emergency funding schemes launched in reaction to the coronavirus pandemic led to gross bank lending to small and medium-sized companies rising by 82% last year to £104 billion, fuelling concerns amongst UK firms about business debt.

Business financial platform Tide has today revealed that small businesses in the UK spend £1.7 billion each time they run payroll for their employees, part-time and casual staff. 

Winston Churchill's slippers have sold for nearly £40,00 at an auction this week. The velvet slippers, which date back to the 1950s, are embroidered with Churchill'sWSC' initials in gold thread.

RSM’s corporate finance practice in Scotland has seen a doubling in deals activity when compared to last year - despite an unprecedented economic landscape due to the impact of COVID-19. The Scottish corporate finance team has advised on over 40 transactions in the last 12 months, including th

Scottish legal firm Anderson Strathern has announced a merger with Lerwick-based Neil Risk Solicitor and Estate Agent. The Shetland firm’s client base includes private clients, families, landowners and SMEs, with practice areas focused on residential property, private client, commercial proper

Standard Life Aberdeen (SLA) has reported a drop in operating profits from £301 million in 2019 to £219m in 2020. SLA's full-year results revealed that fee-based revenue of £1.425 billion was also down from £1.634bn, however, the financial services firm blamed this on the imp

Scottish Equity Partners (SEP) has completed a significant growth equity investment in Glasgow-based AutoRek, a provider of financial control, regulatory reporting and data management software. AutoRek’s cloud-based software as a service (SaaS) platform has experienced significant growth in th

Hillington-based fintech company Beeks Financial Cloud has revealed it is considering further acquisitions after seeing a 24% rise in revenues in its first-half results. For the six months ended 31 December 2020, the firm's revenues increased to £5.29 million, compared to £4.28m in the f

Scotland’s financial services sector was well represented at last week’s Scottish Apprenticeship Awards, with numerous apprentices and firms being recognised for their successes. Delivered by Skills Development Scotland (SDS), the awards recognised the resilience and hard work of Foundat

Independent business lender White Oak has announced that it has successfully provided over £270 million through the Coronavirus Business Interruption Loan Scheme (CBILS) to support UK SMEs through the pandemic. A total of £14m of the CBILS funding has been provided to Scottish SMEs.

Property group Savills has upgraded its 2021 UK house price forecasts, predicting a 3% rise in Scottish house prices in 2021. The firm predicted that average UK house prices will rise by 4% over the year, with a 21.1% growth from 2021-25. Prices in Scotland will increase by 22.8% by 2025, it added.

Scotland’s Towns Partnership (STP) chief officer Phil Prentice has welcomed a Scottish Government cash boost to support the nation’s Business Improvement Districts (BIDs). The Scottish Government has confirmed that it will provide another £600,000 to further the work of BIDs a

SilverBullet, the rapidly expanding Motherwell-based e-commerce platform for the automotive sector, has been appointed an e-commerce partner for the 600 strong and growing, UK-wide Independent Motor Dealers Association (IMDA). IMDA members will have access not only to SilverBullet's full e-commerce

Tenants and private sector landlords facing financial difficulties caused by the pandemic have more time to access support after two loan schemes were extended by the Scottish Government. The Tenant Hardship Loan Fund and the Private Rent Sector Landlord (non-business) COVID-19 Loan Scheme, both of