News

Barclays and Santander have seen profits drop dramatically in the first quarter of 2020 as the two banks prepare for the economic difficulties stemming from the coronavirus pandemic. Profits at Barclays have dropped by 38% as its pre-tax profits for the three months to March stood at £913 mill

Scotland's chief statistician has released statistics showing that the amount of retail goods bought in Scotland fell by -1.1% during January to March 2020.

UK GDP growth is expected to range from around -5% to -10% for 2020, according to new analysis from PwC. This estimate reflects the growing body of evidence that the short term decline in activity due to the lockdown will be greater than originally anticipated.

Scotland’s economy grew by 0.2% during the fourth quarter of 2019, according to statistics announced today by the chief statistician covering the period from October to December. Growth in the latest quarter has not been revised from the first estimate published on 18 March. Annual growth for

The Scottish Government is to fully fund a new infrastructure programme for pop-up walking and cycling routes or temporary improvements to existing routes to better enable physical distancing

A new industry report conducted by the Horticultural Trades Association (HTA) reveals that the government’s current proposed aid package does not work for the horticultural industry and that a third of UK growers claim they will be insolvent by the end of June because of the impact of coronavi

A Cartier bracelet in the brand’s Tutti Frutti design of the art deco era has sold for $1.34 million (£1.08m) in an online Sotheby’s auction.

Anderson Anderson & Brown (AAB) has appointed Andy Shaw as a partner. Mr Shaw, who will be based in the firm’s Edinburgh office, will lead AAB’s public sector and not-for-profit audit business across Scotland. He will also use his expertise to work closely with the AAB

The UK Government has announced that small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders. Under the new initiative, businesses will be able to borrow between £2,000 and £50,000 and access the cash within d

Marketing Edinburgh, Edinburgh's tax-payer funded tourism marketing company, has been fined for failing to file its accounts on time.

Business confidence in Scotland fell 43 points during April to -50%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

HSBC has announced that its profits before tax have dropped by 48% to $3.2 billion as the coronavirus pandemic wreaks havoc on the global economy.

Edinburgh-based startup Trickle has secured a series of business wins and made three new hires in line with its increased business activity. A number of NHS regional boards in Scotland including NHS Greater Glasgow and Clyde and NHS Forth Valley have now signed up to Trickle's wellbeing, e

Scottish Land & Estates (SLE) has appointed Mark Tennant as its new chairman. Mark Tennant and his family run the Innes Estate in Moray. He is a former chairman of Scottish Financial Enterprise and former deputy chairman of the Scottish Government’s financial services advisory board.

The impact of the coronavirus pandemic is already having a significant impact across the audit profession and public practice leaders according to the latest research from ACCA. The COVID-19 global survey: inside business, impacts and response report revealed that a significant 53%&nb