News

The next intake of MSPs must deliver new laws designed to help Scotland’s local and independent firms recover from this year’s crisis, according to the Federation of Small Businesses (FSB). FSB has highlighted that these firms now carry more than £2.4 billion of COVID-19 debt.

Richard Dunbar, head of multi-asset research at Aberdeen Standard Investments, provides the company's 2021 outlook commentary. The prospect of a number of effective vaccines being rolled out through 2021 offers an ‘escape hatch’ out of the pandemic and its economic effects. This leaves u

The Financial Conduct Authority (FCA) has established a Temporary Registration Regime to allow existing cryptoasset firms, who have applied to be registered with the FCA, to continue trading. The FCA is advising customers of cryptoasset firms which should have applied to the FCA, but have not done s

A mayor has mocked a fine imposed on authorities for appointing too many women.

Accountancy firm Mazars has repaid the £1.1 million of furlough money it received from the UK Government at the start of the coronavirus crisis. Mazars, which is the UK's ninth largest accountancy firm with over 2,250 employees, repaid the money on Monday.

Direct Soccer, a Dundee-based sports kit and equipment retailer, has built a state-of-the-art automated warehouse as part of ambitious growth plans, thanks to a six-figure funding package from Bank of Scotland. Trading online since 2002, Direct Soccer sells personalised football team kits, training

Jenny Healy, director of accounts and audit, based in the Saffery Champness Edinburgh office and a member of the firm’s Landed Estates and Rural Business Group, discusses the growing pressure on the UK Government to introduce a new wealth tax. After a year of much needed support from the Chan

Aberdeen-based accountancy firm Hall Morrice has gifted £1,000 each to Maggies, CLAN Cancer Care and Mental Health Aberdeen (MHA) in lieu of Hall Morrice sending client cards and gifts this year. Mike Innes, Hall Morrice business development director, explained: “Last year we decided to

Shoe retailer Schuh has secured a £19 million finance facility with Bank of Scotland owner Lloyds Banking Group. The funding has been secured through the Treasury's coronavirus large business interruption loan scheme (CLBILS).

The TOC Property Backed Lending Trust PLC (PBLT) has announced the completion of a £3.8 million transaction to develop a new environmentally advanced crematorium complex on the outskirts of Glasgow. Managed by Tier One Capital Ltd, PBLT is providing a three-year debt facility to develop the co

The retail sales downturn continued in November, falling further into decline with 10.2% on a Total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Businesses across Scotland are being continuously hampered by the stop-start implementation of more lockdown restrictions, according to the Scottish Chambers of Commerce (SCC).

The Scottish Aquaculture Innovation Centre (SAIC) has announced £2.2 million funding for eight new innovation projects that will support the sustainable development of the aquaculture sector in Scotland and beyond. The projects represent a total combined investment of more than £2.2m fro

Scotland's chief statistician has released statistics showing that the economy grew by 16.0% during the third quarter of 2020, covering the period July to September. The data has revealed that over the year, compared to the third quarter of 2019, the economy has contracted by 9.5%.

HMRC has launched a new UK Trader Scheme to support businesses moving goods from the UK to Northern Ireland. Traders are being urged to consider whether they need to sign up to the new UK Trader Scheme (UKTS) to ensure traders don’t pay tariffs on the movement of goods into Northern Ireland fr