News

UK manufacturing activity reached a 16-month high last month, marking the fastest expansion since November 2017, according to the latest IHS Markit/Cips UK manufacturing purchasing managers’ index (PMI).

A treasure hunter who posted his rare finds online has been arrested for allegedly plundering archaeological sites with a metal detector.

NatWest Group has allocated an extra £2.8 billion to cover potential losses from an increase in bad loans issued during the coronavirus crisis. The bank's interim results have revealed that NatWest has suffered an operating loss before tax of £770 million compared to the bank's £2.

Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in today by the UK government. Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy paym

TSB Bank has posted a £66 million pre-tax loss for the first half of this year as it allocates £87.5m for bad coronavirus loans. The bank's interim results revealed the bank had seen a statutory loss before tax of £65.5m, compared to a pre-tax profit of £21.1m in the first ha

Independent Scottish craft brewer Broughton Ales has launched a £100,000 crowdfunding campaign to secure the business amid the coronavirus pandemic.  The funding will be used to help secure the business in the long term and help prevent any potential closures after the brewery lost a subs

Glasgow-based civil engineering firm MHB Consultants has become employee-owned, with 40 members of staff given a stake in the business. The engineering design consultancy, founded by managing director Hendrie Barbour in 2006, specialises in bridge design, civil and geotechnical engineering, temporar

Ediston and Orion Capital Managers have submitted plans for one of the largest developments to come forward in Edinburgh’s city centre for a generation. The two have been working together on their shared vision for New Town Quarter, previously known as New Town North, since last year and have

NatWest Group has announced that Baroness Noakes DBE will step down as a non-executive director at close of business today. Morten Friis will succeed Baroness Noakes as chairman of the Group Board Risk Committee with effect from 1 August 2020.

Lochalsh & Skye Housing Association has received a loan of £4 million through a charitable bond arranged by Allia C&C.

House prices in Aberdeen dropped by 4.7% in the last five years according to a new report by ASPC. 

Glasgow-headquartered fit-out and M&E specialist Morris & Spottiswood recorded an increase in turnover and profitability last year despite "challenging market conditions". The company's turnover increased to £82.6 million from £82.4 million while profit after tax and before divid

Scotland’s universities support over 72,900 jobs and add £4.6 billion to the Scottish economy, according to new analysis from Hatch Regeneris for the University and College Union (UCU). The analysis found that between them, Scotland’s universities directly employ 36,850 p

BGF, whose current investments include 20 firms in Scotland, has invested almost £130 million in 24 new UK first in the first half of this year. The firm, formerly known as Busines Growth Fund, is the UK and Ireland's most active investor in the growth economy. The organisation has revealed th

Nationwide has reported that house prices in the UK rebounded 1.7% month-on-month in July after declines of 1.6% in June and 1.7% in May. The Nationwide House Price Index found that the year-on-year change in house prices moved back into positive territory in July, rising 1.5%, this followed a dip o