News

KPMG is forecasting negative GVA (Gross Value Added) in Scotland of at least 8.1% in 2020, as the full economic cost of COVID-19 becomes increasingly clear. The analysis, which is based on the sectoral makeup of Scotland, predicts a significant drop this year, followed by a potential GVA growth in 2

Market confidence in Scotland’s construction sector has fallen sharply with workloads, profit margins and employment anticipated to fall over the coming twelve months.

The latest office market data gathered by CBRE has revealed that office take-up in Edinburgh in the first quarter of 2020 increased by 35% to 130,640 sq ft, signifying a positive start to 2020. Although 32% is below the five year average of 193,603 sq ft for Q1, CBRE has said this can be partly attr

Kilmarnock-based Compass Self Drive car and van rental business is supporting key workers that rely on its services during the coronavirus crisis, thanks to new financial support from Bank of Scotland.

Newly-published research by the University of Strathclyde's Fraser of Allander Institute has revealed that the Scottish Professional Football League (SPFL) contributes over £200 million to the Scottish economy every year and supports 5,700 jobs.

Vert Technologies, the Edinburgh-based leading-edge compressor manufacturer, has secured £729,000 in new funding from a clutch of existing investors, including Par Equity, Equity Gap, Aero Den and the Scottish Investment Bank, the investment arm of Scottish Enterprise. Award-winning innov

Edinburgh-based private bank Hampden & Co is taking a proactive approach with clients in order to mitigate the impact of coronavirus as the wider banking sector feels the strain of the coronavirus pandemic. Hampden’s banking team has been reaching out to support existing clients aroun

Perthshire-based Infinityblu Dental Care and Implant Clinic, founded by a Scottish Young Dentist of the Year, Chris Barrowman, has secured the acquisition of Alyth Dental Care in a £300,000 deal. The lockdown buy-out means the firm now has practices in Pitlochry, Dunkeld, Crieff, Auchterarder

The Royal Bank of Scotland is working with NHS Lothian and the Rainbow Box Foundation to provide support for all coronavirus patients in the region. The bank, through its 300 Fund, will cover the cost of Rainbow Boxes for all COVID-19 patients entering hospital, providing all patients with toiletrie

The banking and finance sector has lent over £2.8 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

Widespread business shutdowns at home and abroad in response to the coronavirus pandemic has unsurprisingly resulted in a rapid reduction in UK private sector output during April, according to latest IHS Markit/ CIPS Flash UK Composite PMI.

Commercial insurance firms are removing cover from their policies because of the coronavirus pandemic, according to the latest data from Mactavish.

Glasgow City Council is to begin planning how to best recover economically from the COVID-19 pandemic.

RBS owner NatWest is hosting a Facebook Live session to highlight how criminals are taking advantage of the coronavirus to scam customers. The innovative session is in response to Action Fraud reporting a 400% increase in coronavirus related frauds and scams in the last month.

Businesses in Ontario, Canada are attaching card readers to hockey sticks to allow customers to pay for goods while adhering to social distancing measures.