News

The UK Government borrowed £55.2 billion last month, hitting a new record high as the coronavirus lockdown weighed heavily on its finances.

UK retail sales rebounded by 12% in May signalling a slight recovery from their record falls due to the coronavirus lockdown restrictions.

The Financial Conduct Authority (FCA) has announced that credit card, store card, catalogue credit and personal loan customers will be allowed to defer repayments for a further three months. 

1.9 million mortgage payment deferrals have been offered to customers impacted by the coronavirus pandemic in the three months since the support scheme was launched, according to the latest figures released by UK Finance.

A watch which belonged to King George III is set to sell at auction for £1 million.

RSM has expanded its Scottish audit team with the appointment of Katie Morrison as partner in the firm's Glasgow branch. Ms Morrison joins from KPMG where she worked as an audit director. She has over 18 years of experience working in corporate audit, ranging from owner manager to fully listed compa

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

Nationwide, the UK's biggest building society, has tripled the minimum deposit it will ask for from first-time buyers.

Edinburgh craft beer subscription firm Beer52 has succeeded in meeting an exceptional increase in demand thanks to funding support from Royal Bank of Scotland. During lockdown, an unprecedented surge in customer demand resulted in a landmark 200,000 subscribers for the firm. The company has since do

The latest patent, trademark and design data from the UK Intellectual Property Office shows an impressive performance from Scotland in 2019, according to IP specialists Marks & Clerk. Scotland filed 1,168 registered design applications in 2019 compared with 757 applications the previous year &nd

The Bank of England has announced that it will inject an extra £100 billion into the UK economy whilst maintaining interest rates at a record low of 0.1%.

Edinburgh-based fintech Modulr has teamed up with Glasgow-based Soar to deliver real-time payments to support responsible lenders. Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system. Modulr’s new type of pa

Housebuilder Taylor Wimpey has raised £522 million from investors as it seeks to take advantage of a lockdown-related easing of market competition for development land.

The Scottish Land Fund has awarded the Langholm Initiative charity £1 million towards the purchase of 10,500 acres of Langholm Moor in the south of Scotland, which would see the local community creating a vast new nature reserve.

New figures released by the Scottish Government has revealed a small 2019-20 underspend is helping the country fight back against the coronavirus outbreak.