News

The UK economy has officially entered a recession as it suffered its biggest decline on record between April and June, according to the latest statistics from the Office for National Statistics (ONS).

The UK economy will not recover from the current recession until 2024, according to EY's economic forecaster, the EY ITEM Club.  The EY ITEM Club has said it is "unlikely" the economy will regain its fourth quarter 2019 size until 2024.

Aberdeen Asian Income Fund Limited, a fund managed by Aberdeen Standard Investments, has been seen its net asset value (NAV) fall by 6.5% in sterling terms in last six months, according to the fund's interim results.  The decline in NAV is compared to the MSCI All Countries Asia Pacific ex-Japa

Lochcarron-based textile designer Iseabal Hendry is set to benefit from a new funding scheme launched by Creative Scotland. Next week, Ms Hendry will launch her first collection of sustainable handwoven leather bags and accessories.

Edinburgh-based fixed income specialist Cameron Hume has been awarded A+ ratings across the board by the United Nations Principles for Responsible Investment (PRI) in its annual assessment for 2020. In the 2020 report, Cameron Hume was assessed in the areas of Strategy & Governance and

Muir Construction has started work on a £4.7 million project to build a bespoke operations and maintenance facility and associated office accommodation for Moray Offshore Windfarm (East) Ltd.

Nine charities across Scotland will share a £1.2 million funding pot from the ScottishPower Foundation, which champions benevolent work in local communities across the country. Applying to the foundation for funding is highly competitive each year. The charities that are successful in securing

UK productivity, measured in terms of output per hour worked, saw a record decline in the second quarter of this year as it fell 2.5% quarter-on-quarter, according to a “flash” estimate from the Office for National Statistics (ONS).

Ottawa police have reported that a man accused of robbing a bank last week followed physical distancing protocols before attempting to rob the branch. 

Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3 indicating that a steep rise may start as early as this October. The R3 research – based on a member survey of insolvency and restructuring professionals – highligh

Robert Mackie of Scotland has secured a £250,000 CBILS loan from Barclays as the bank continues to support SMEs in the Kilmarnock area.  The firm is the latest to secure a loan to help navigate the coronavirus lockdown and recovery. Based in Stewarton, the company has been manufactur

Andrew Dines, director and chartered financial planner at AAB Wealth, outlines five key things to consider when thinking about whats next after redundancy. Being made redundant? Here are five key things to consider when thinking about what’s next

Edinburgh-based start-up One Year No Beer has today closed their latest funding round with 125% of the target funds raised.  A total amount of £1,756,563 was achieved through the support of 512 investors.

Debbie Mayor, director at accountants and business advisers Grant Thornton, reveals why businesses must adopt a similar approach to that taken by Holyrood policymakers in easing lockdown restrictions. Throughout the COVID-19 lockdown businesses of all sizes have demonstrated remarkable agility and r

Royal London has paid out £8.5 million in claims to the families of more than 1,200 customers whose deaths were caused by the coronavirus. The firm, which employs 1,561 people in Scotland, reported an interim loss of £181m after a £397m profit at the same time last year.