News

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

The lockdown measures implemented in the UK to stem the spread of coronavirus have stalled £82 billion of home sales, according to Zoopla.

Allied Irish Bank has been approved for accreditation by the British Business Bank as a new lender for the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) to provide term loans. Over the last six weeks, Allied Irish Bank teams have experienced a significant surge in customer

Up to 30,000 jobs could be lost in the oil and gas industry as the sector faces a bleak future, according to a new report from Oil and Gas UK (OGUK).

UK lenders have given over 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, UK Finance has revealed.

Scottish businesses are missing out on thousands of pounds of unclaimed tax credits, according to new figures from innovation funding consultancy Leyton. Leyton’s clients – 85% of which are SMEs – claimed an average of £78,000 in R&D tax credits last year.

Members of the Betting and Gaming Council (BGC) have announced that they will voluntarily remove all TV and radio product advertising during the COVID-19 lockdown as addiction experts describe this as "an unprecedented step in unprecedented times". Michael Dugher, BGC chief executive has c

The small Italian town of Castellino del Biferno has started printing its own currency to help businesses and locals during the coronavirus pandemic. The town is located in the Molise region of southern Italy with a tiny population of just 550 residents.

Sarah Cockburn has been jailed for 22 months after she embezzled more than £239,000 while working for James McVicar Printers as an accounts manager.

Catherine Burnet, a chartered accountant and the regional chair for KPMG in Scotland, has been appointed as the new President of the Institute of Chartered Accountants of Scotland (ICAS) for 2020/21. Mr Burnet, who is also a member of the Financial Services Advisory board to Scottish Government, was

Springfield Properties has agreed an additional £18 million loan facility with Bank of Scotland as it prepares to navigate the uncertainty surrounding the current lockdown. The housebuilder said the additional support gives the group “sufficient headroom, should it be necessary, to withs

Edinburgh-based online fashion marketplace Atterley.com has launched a £500,000 crowdfunding campaign on Crowdcube. The funding will be used to support the further development of the firm's marketplace technology for boutiques and grow its presence in overseas regions including the US.