News

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. 

Consumer confidence in the UK has improved slightly in the second quarter of this year, following a record decline in consumer confidence in the first quarter of the year, according to the latest Deloitte Consumer Tracker.

A new £4 million funding stream for the independent museums sector to help bolster resilience following the coronavirus pandemic has been announced by culture secretary Fiona Hyslop. The Museums Resilience and Recovery Fund will provide support for Scotland’s museums and galleries and wi

Investors remain interested in the Scottish commercial property market despite the coronavirus crisis, a lawyer has said. Derek Nash, partner at Lindsays, said that demand was “robust” throughout the crisis and that the trend towards working from home does not mean the end of the office.

Banksy paintings worth £1.2 million are to be sold at a charity auction to raise money for Bethlehem hospital. The work to go on sale is a triptych of what appears at first sight to be 19th-century seascapes but are actually politically charged paintings.

Businesses across almost all sectors in Scotland are experiencing further distress despite the support schemes implemented by the government to help combat the economic impact of the COVID-19 outbreak, according to insolvency firm Begbies Traynor.  The country’s beleaguered hotels, bars a

AJ Bell, which is one of the UK’s largest investment platforms, is moving into the cash savings market after the company experienced an increase in trading volumes during the coronavirus pandemic. The firm's customers will be able to apply for fixed-term savings accounts from a variety of