News

Two new funding packages from the Scottish Government worth £15 million will support the tourism sector as it continues to feel the impacts of the coronavirus (COVID-19) pandemic. A £14 million Hotel Recovery Programme will help to secure up to 3,000 jobs at Scotland’s larger hotel

Armadilla Ltd, a family-run design and manufacturing business in Midlothian, is set to benefit from the global staycation market as it emerges from the lockdown with a growing order book for its innovative, luxury, eco-friendly accommodation pods.

Major retail property owner Legal & General has changed its leasing model from one of long-term leases to flexible terms that see rent linked to store performance. The financial services group is implementing the model across its £4.5 billion UK portfolio.

The Uist Distilling Company is planning to open a £6.5 million new distillery on the island of Benbecula.

Lloyds Banking Group, the owner of Bank of Scotland, has posted a £602 million pre-tax loss for the first half of this year, as the bank set aside £2.4 billion for bad loans. António Horta-Osório, chief executive of Lloyds, said that the coronavirus pandemic had a "profound

The coronavirus pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering $9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments

New figures published today by LINK, the UK’s main cash machine network, shows that ATM usage is increasing since the early days of lockdown. 

UK car manufacturing output has declined -42.8% in the first half of the year, marking the lowest decline in the industry since 1954.

A record 527,000 UK businesses were in significant financial distress at the end of June 2020 thanks to seven consecutive quarters of increased financial impairment, according to the latest Red Flag Alert research by Begbies Traynor.

A man who bought a Lamborghini and other luxury items after receiving almost $4 million in coronavirus loans has been charged with fraud.

This latest blog considers life from the perspective of SMEs and OMBs working to exit from lockdown. Much of the subject matter to date has focused on how to manage the massive uncertainties caused byCOVID-19. Hopefully, the duration and on-going impact of lockdown are beginning to clear as we move

KPMG has appointed Philippa Sanderson as its new associate partner to lead its private enterprise tax team in Central Scotland. Based in Edinburgh, Ms Sanderson joins the Scottish practice from KPMG’s North Region where she previously led the firm’s Sheffield office.

BDO, which is the second-largest auditor of listed companies in the UK, has been fined £160,000 and reprimanded over its audit of international insurer AmTrust Europe Limited. The Financial Reporting Council (FRC) said the fined related to BDO's unintentional rule breaches relating to failures

In light of the difficult trading situation amid the COVID-19 pandemic, Dundee-based restructuring and insolvency specialists Dunedin Advisory details how business debt arrangement schemes can help firms through these times. Dunedin Advisory has said it may be necessary for firms to consid

Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis. The allocation of funds, revealed in the lender's third-quarter results, are