News

An oil company has admitted regulatory failings which led to the discharge of crude oil into the North Sea. BP Exploration Operating Company Limited (BP) pled guilty to a contravention of Regulation 3(1) of the Offshore Petroleum Activities (Oil Pollution Prevention and Control) Regulations 2005 at

A round-up of business news from across Scotland featuring: Shedman's hike in demand during lockdown, Thriving Box Company's £1m worth of business, Fletcher Fabwork's successful launch and Intense IT's coronavirus risk assessment tool.

The price of gold has reached an all-time high as tensions build between the United States and China while coronavirus infection rates increase once more.  

During lockdown, the Association of Chartered Certified Accountants (ACCA) UK and Generation CFO signed a virtual agreement with the aim of the two organisations working collaboratively to support each other’s members in their roles as finance professionals. The Memoranda of Understanding (MOU

Nationwide is launching a fresh round of community grants to help people stay in their homes through local charities and partnerships as the bank's latest quarterly poll reveals a 14% drop in financial security. With the government’s furlough scheme coming to an end on 31 October 202

The Financial Conduct Authority (FCA) has announced that it will be banning discretionary commission models mainly used by car retailers and motor finance brokers.

The head of a convent has been ordered by religious leaders to give up a £100,000 Mercedes bought with charitable donations.

Challenger lender Starling Bank has provided £31 million of Coronavirus Business Interruption Loan Scheme (CBILS) funding to Scottish businesses throughout the coronavirus lockdown. A geographic breakdown of the bank's funding figures have revealed that £31.3 million of finance from

Confidence in the Scottish small business community is coming back after optimism collapsed in the wake of the coronavirus pandemic, according to new research from the Federation of Small Businesses (FSB). FSB’s Scottish small business confidence index jumped from -154.8 points in Q1, the lowe

Scott James & Associates, an appointed representative of St. James’s Place Wealth Management, based in Aberdeen’s west end, as appointed Ross McDonald as adviser and Ceri Greer as administrator. In addition, Callum Robertson has been promoted to the role of practice manager as a &ldq

Gillespie Macandrew has secured over £2m of emergency funding for business clients in the last month. The firm’s banking and finance practice has advised on a number of government-backed emergency loans designed to help SMEs remain afloat during the coronavirus pandemic. The support has

Pensioners have resisted the temptation to access their pension pots during lockdown, according to new data from the Association of British Insurers (ABI).

The UK economy will not get back to pre-pandemic levels for four years according to the EY Item Club.

Investors in the closed Woodford Equity Income fund, a fund managed by Aberdeen Standard Investments, have lost more than a quarter of their savings (around £1 billion) since it was frozen by its administrators, Link Fund Solutions.

A funding package of £10 million has been established by the Scottish Government to help the Scottish events sector recover from the coronavirus pandemic.