News

Barclays has taken a £1.6 billion hit from the coronavirus pandemic in the second quarter of this year. The lender posted pre-tax profits of £1.27 billion in the first half of the year, marking a decrease from the £3bn reported the year before.

Scotland’s GDP is confirmed to have fallen by 2.5% during the first quarter of 2020, according to statistics announced today by Scotland's chief statistician.

According to a new poll from The Chartered Governance Institute and governance recruitment specialist The Core Partnership, 52% of respondents will continue to work remotely for the next few months.

A woman has decided to raffle off her house and car for just £1 per ticket.

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending. On the other hand, personal lending at the bank dropped by 2.7% to £5.2bn, which Virgin Money said was primarily due to lower credit card balances.

M&G Real Estate and its property developer partner Qmile Group have secured a 280,000 sq ft pre-let with Baillie Gifford for its £350 million Haymarket Edinburgh development. Baillie Gifford has agreed to take the accommodation on a 20-year lease and will relocate to its new head office in

Rackit, a North Ayrshire-based storage and handling solutions business, has secured a £1 million funding package from Royal Bank of Scotland to help support the business during the coronavirus pandemic. The CBILS loan will assist with cash flow which has been severely impacted by supply chain

Cumbernauld-based drinks company AG Barr has posted a year-on-year drop in revenues as the coronavirus pandemic continues to wreak havoc on firms across the UK.

Despite business confidence rising by four points during July to -37%, the overall confidence of firms in Scotland remains low, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

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.