News

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.

Scottish Friendly, Scotland’s largest financial mutual, has today announced record sales of Investment ISAs (also known as Stocks and Shares ISAs) following another strong financial performance in 2019. During a period of sustained market uncertainty, Scottish Friendly 

Scotland has established a comparatively strong position within the UK in terms of attracting Foreign Direct Investment (FDI) having recorded an increase in both the number and share of UK projects in 2019, according to the EY Scotland Attractiveness Survey 2020.

Stella’s Voice, a Peterhead-based charity that works to safeguard young people across Eastern Europe from traffickers and homelessness, has received funding from Bank of Scotland to help it support locals amid impacted by the coronavirus pandemic.

The Federation of Small Businesses (FSB) in Scotland is asking ministers to consider financial support for workplaces that are required to re-close because staff have been in contact with the virus. The call arrives as Scotland launches its virus tracking system.

Two village pharmacies in Scotland have new owners thanks to a funding package from Unity Trust Bank. Following the retirement of the previous owner of Eildon Pharmacy in Newtown St Boswells in the Scottish Borders and Airth Pharmacy in Falkirk, two former colleagues have taken over the respective b

In the last two years, the Competition and Markets Authority (CMA) has secured more than £47 million in refunds for customers whose banks failed to properly warn them about unarranged overdraft charges.

Spending on measures to counter the coronavirus pandemic has reached just over £4 billion, Scottish Government figures have revealed.

The Scottish arm of insolvency and restructuring trade body R3 has issued an eight-point checklist to help owner/managers across the region deal with the impact of the coronavirus pandemic on their businesses. The organisation’s members, who include insolvency practitioners, lawyers, and

One in four UK businesses using the Coronavirus Job Retention Scheme have warned that they will not be able to top up salaries after the scheme is cut back in September, according to a new survey released by the Institute of Directors (IoD). The UK Government announced earlier this month that it wou

The Association of Chartered Certified Accountants (ACCA) has joined the International Chamber of Commerce’s (ICC) global call to action to save small-to-medium-sized businesses amid the coronavirus crisis. The ACCA has signed a Memorandum of Understanding (MOU) to support the ICC's 'Save

The financial cost of coronavirus to SMEs in the UK will exceed £69 billion, with two fifths at risk of permanently closing, according to a new report today by small business insurer Simply Business.