News

UK Government financial support schemes to aid businesses recovering from coronavirus have paid out £2.3 billion to 65,000 firms in Scotland, according to the Treasury. Announced in April, the bounce back loans scheme offers between £2,000 and 25% of the turnover of small and medium busi

Glasgow-based London & Scottish Property Investment Management reports that property valuation and rent collection in the commercial property sector have held up well against the sector average.Its portfolio was valued on 30 June 2020 at £742.3 million. Adjusting for property disposals ear

A new £1.5 million fund open to housing associations and co-operatives to support initiatives to prevent homelessness will open for applications shortly.

UK house prices rose 1.6% month-on-month in July, marking the first increase since February and the largest rise since December 201, according to the latest Halifax House Price Index.

The co-founder of a Canadian brewery has apologised after being accused of cultural appropriation for naming its New Zealand pale ale 'Huruhuru' - which unknown to him is the Māori word for pubic hair. 

Property developers Richard Black, from Collessie, and William Edmiston, from Kirkcaldy, have been banned for a total of 13 years after failing to pay tax on a land deal.

HK Construction boss Hardip Singh Khaira from Coatbridge, North Lanarkshire has been banned from running companies for nine years after he submitted false tax returns.

Employment law, HR and health & safety specialists Law At Work has recorded a 425% increase in redundancy enquiries as the potential impact of the coronavirus pandemic on Scottish unemployment begins to show. A total of 383 businesses contacted the firm to discuss the process for laying off staf

Hiring activity in Scotland continued to decline substantially in July, although the labour market downturn softened slightly compared to previous months this year, according to the latest Royal Bank of Scotland Labour Market Report.

Real estate advisor Savills has seen its profits before tax drop by 69% to £7.7 million in the first half of this year. Last year, the firm’s profits before tax were £24.7m.

Scottish Widows has invested £2 billion in a new fund from Black Rock which is expected to support the transition to a new low carbon economy. The pensions provider has allocated £2bn of its pension portfolios in the newly launched Authorised Contractual Scheme (ACS) Climate Transit

A merger between two suppliers of retail investment platform solutions has been provisionally blocked by the Competition and Markets Authority (CMA) as it could be anti-competitive. FNZ purchased GBST in November 2019. According to the CMA, their merger could lead to UK consumers who rely

The number of jobs being advertised in Scotland fell by 53.4% in July, according to the latest job market data from CV-Library. 

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

Twenty-three Scottish SMEs are set to benefit from an £18 million-a-year contract to offer demolition and deconstruction services to all local authorities and housing associations.