News

Provisional analysis of clean infrastructure projects by the Scottish Trade Union Congress (STUC) has outlined the massive benefits of a government-funded green stimulus for Scotland, with a £13 billion investment creating almost 150,000 jobs and re-absorbing workers w

Yael Selfin, KPMG UK's chief economist, highlights how the UK needs to rethink the future of its cities in light of the current coronavirus pandemic.  Recessions are usually a catalyst for change and the sharp economic downturn triggered by COVID-19 is bound to turn some things around. One of t

The Financial Conduct Authority (FCA) has provided an update on progress on its court action on business interruption (BI) insurance policies. Since the FCA made its last announcement on 1 May, the FCA has approached 56 insurers and reviewed over 500 relevant policies from 40 insurers. The watchdog

The Financial Reporting Council (FRC) has today completed its annual review of FRS 101 Reduced Disclosure Framework and made minor amendments, for consistency, to the disclosure exemptions relating to the statement of cash flows. The FRC has also issued FRED 74 Draft amendments to FRS 102 – In

Prostitutes in Switzerland are allowed to resume working under new coronavirus lockdown rules. 

Scottish start-ups have recorded their lowest first quarter for fundraising in over twenty years as the coronavirus impacted investor confidence, according to new research from Refinitiv.

Duncan Raggett, insolvency practitioner and head of the restructuring and recovery team at Anderson Anderson & Brown (AAB) discusses the issues and options firms should be considering in preparation for life after lockdown. The impact of COVID-19 on the economy is likely to be long-lasting.

Investment management firm Close Brothers Asset Management (CBAM) has appointed Michael Barr as an investment director in its Edinburgh office, to further support the expansion of its investment management service for high net worth clients in Scotland. Mr Barr joins CBAM from Brooks

Nationwide has said that a borrower's credit rating should be affected if they take a further mortgage holiday.

Business confidence in Scotland rose 17 points during May to -33%, remaining near record lows, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Nationwide has seen its profits plummet by 40% after taking a £101 million hit from the coronavirus pandemic. The lender, which is Britain's largest building society, said its underlying profit before tax plunged from £788m in 2019 to £469m this year on underlying income of ju

The British car manufacturing industry came to a near standstill in April with production down 99.7% compared to April last year.  

The significant impact the coronavirus pandemic is having on the UK social housing sector is beginning to emerge with additional arrears increasing to an estimated £100 million since lockdown began and lettings activity down 77%.

One of the world's oldest bottles of Cognac has been sold in an online auction for £118,580.