News

Scotland is facing the "most severe economic downturn in modern times" as the continuing impact of the coronavirus pandemic is expected to see the Scottish economy contract by 6.8% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. The two Scottish local authority are

The Scottish Professional Football League Trust (SPFL Trust) has received the single biggest personal donation in Scottish football history as James Anderson, a fund manager and partner with Baillie Gifford, has gifted the charity £3,125,000 inclusive of gift aid.

The Institute of Chartered Accountants of Scotland (ICAS) has launched a new paper which calls for several tax reforms and more informed public debate. The Future of Taxation in the UK – published by the ICAS Tax Board – identifies an unwillingness from the government to increase the ma

Glasgow-based law firm Levy & McRae has warned that Scottish businesses must act immediately to check whether they can successfully claim on their insurance for coronavirus disruption. Levy & McRae solicitors believe there are hundreds of businesses – especially small and medium enterp

Glasgow-based fashion company Quiz has announced that it is placing the division that runs its 82 standalone stores into administration.

The coronavirus crisis will have a significant impact on the Scottish commercial property market, but it will also see more investors look for off-market deals in 2020, according to Knight Frank. The independent real estate consultancy said that, despite the challenges and investment caution brought

Baillie Gifford has confirmed that it has reassessed its plans to move staff into its new building in Edinburgh. The fund manager previously signed a deal to pre-let 60,000 sq ft building at 20 West Register Street in St Andrew Square.

Scotland's seabed is being opened up for new wind farm projects for the first time in a decade with the launch of a new round of leasing by Crown Estate Scotland.

Small to medium-sized businesses will struggle to trade if social distancing measures continue, according to the latest results from the Association of Chartered Certified Accountants (ACCA UK)and The Corporate Finance Network's  SME Health Tracker.

Ethical finance specialist Ecology Building Society has announced a second successive year of record profits reaching over £1 million. The society, which says that Scotland is its strongest area of lending also saw a double-digit increase in mortgage lending.

International energy services group Serba Dinamik Group Holdings Bhd (SDGB) has made a multi-million-pound investment in Aberdeen engineering company Wellahead Engineering. The deal will give SDGB a foothold in the North Sea market from which it plans to leverage its partnership with Wellahead

Plans by the billionaire ruler of Dubai to build a lodge at his Highland retreat have been refused by Highland councillors.

Small businesses which share properties but do not pay business rates are now eligible to apply for grants to help with the impact of COVID-19, the Scottish Government has announced.  The extension to the Small Business Grant Fund will apply to firms occupying shared office spaces, business inc

A new survey of nearly 200 UK charities conducted by accountancy firm Scott Moncrieff has revealed that 55% have suffered a significant drop in their cash reserves, whilst nearly 60% have less than 6 months cash in reserve to cover normal operating expenditure.  The survey also found that just

Loganair has announced that it would commence flying the much-anticipated route from Dundee to London City, which replaces the previous service to Stansted, starting on July 6.