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Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in today by the UK government. Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy paym

TSB Bank has posted a £66 million pre-tax loss for the first half of this year as it allocates £87.5m for bad coronavirus loans. The bank's interim results revealed the bank had seen a statutory loss before tax of £65.5m, compared to a pre-tax profit of £21.1m in the first ha

Independent Scottish craft brewer Broughton Ales has launched a £100,000 crowdfunding campaign to secure the business amid the coronavirus pandemic.  The funding will be used to help secure the business in the long term and help prevent any potential closures after the brewery lost a subs

Glasgow-based civil engineering firm MHB Consultants has become employee-owned, with 40 members of staff given a stake in the business. The engineering design consultancy, founded by managing director Hendrie Barbour in 2006, specialises in bridge design, civil and geotechnical engineering, temporar

Ediston and Orion Capital Managers have submitted plans for one of the largest developments to come forward in Edinburgh’s city centre for a generation. The two have been working together on their shared vision for New Town Quarter, previously known as New Town North, since last year and have

NatWest Group has announced that Baroness Noakes DBE will step down as a non-executive director at close of business today. Morten Friis will succeed Baroness Noakes as chairman of the Group Board Risk Committee with effect from 1 August 2020.

Lochalsh & Skye Housing Association has received a loan of £4 million through a charitable bond arranged by Allia C&C.

House prices in Aberdeen dropped by 4.7% in the last five years according to a new report by ASPC. 

Glasgow-headquartered fit-out and M&E specialist Morris & Spottiswood recorded an increase in turnover and profitability last year despite "challenging market conditions". The company's turnover increased to £82.6 million from £82.4 million while profit after tax and before divid

Scotland’s universities support over 72,900 jobs and add £4.6 billion to the Scottish economy, according to new analysis from Hatch Regeneris for the University and College Union (UCU). The analysis found that between them, Scotland’s universities directly employ 36,850 p

BGF, whose current investments include 20 firms in Scotland, has invested almost £130 million in 24 new UK first in the first half of this year. The firm, formerly known as Busines Growth Fund, is the UK and Ireland's most active investor in the growth economy. The organisation has revealed th

Nationwide has reported that house prices in the UK rebounded 1.7% month-on-month in July after declines of 1.6% in June and 1.7% in May. The Nationwide House Price Index found that the year-on-year change in house prices moved back into positive territory in July, rising 1.5%, this followed a dip o

Edinburgh-based PR firm Muckle Media has announced a number of innovative support programmes, including a £20,000 PR grant fund to help businesses use PR and marketing to support economic survival. The £20,000 Muckle Helps grant is a 100% free pot of PR fee funding, which opened for appl

Goldman Sachs CEO David Solomon DJ'd at a party in the Hamptons which is now under investigation for flouting health guidelines.

The majority of Scottish firms say they plan to make redundancies once the UK Government's furlough scheme comes to an end, according to Addleshaw Goddard's latest survey of Scottish companies. The Addleshaw Goddard Scottish Business Monitor, produced in partnership with the Fraser of