News

An independent advisory group has been set up to provide expert economic advice to the Scottish Government in response to the coronavirus crisis. The group will provide urgent advice on the private sector and business aspects of the Scottish Government’s economic response.

The announcement on Friday of a further £3.5 million to help large sea fishing vessels brings the total made available to the seafood industry by the Scottish Government from new and existing funds to £22.5m.

The Competition and Markets Authority (CMA) has ordered Metro Bank to repay more than £10.5 million to customers after it breached a legal order by failing to send texts warning people about unarranged overdraft charges. The bank was found to have breached Part 6 of the CMA's Retail Banki

Former UK Treasury official Sir John Kingman has been appointed as the new chairman of Edinburgh-based Tesco Bank. Sir John Kingman has considerable financial services experience gained as second permanent secretary at HM Treasury and chairman of Legal & General.

The number of Bitcoin ATMs jumped by almost 70% year-on-year, reaching more than 7,500 in April, according to the latest data gathered by Finanso.se.

A footballer who broke his contract by driving the wrong car has been ordered to sign autographs for Audi employees as punishment.

The UK Treasury has announced that loans to all medium-to-large firms will now be included in the government's £330 billion coronavirus support package for the economy. All viable companies with a turnover of more than £45 million will be able to apply for government-backed support, including thos

Peter Vardy Limited has announced the appointment of Colin McLellan as its new chief financial officer for its group of companies, which include the digital finance broker CarMoney and software solution provider SilverBullet.

With bars and restaurants across the UK reeling from the impact of social distancing measures, the latest Red Flag Alert data from insolvency specialist Begbies Traynor shows that the sector in Scotland was already under severe pressure with instances of ‘critical’ financial distress in

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15 million commitment to Edinburgh-based Par Equity allowing the partnership to deliver over £75m of new funding for businesses.  The funds from British Business Investments

Taylor & Martin, the Glasgow-based factoring business, has opened an Edinburgh office and appointed David Jones to head the company’s East Coast operations.  Mr Jones, formerly of James Gibb and Hacking and Patterson, has already helped the comp

A number of Scottish councils have announced significant progress in distributing coronavirus support funding to businesses across the country. 

Two hundred and fifty accountancy firms have written to the UK Government calling for more help for small enterprises.

The latest Red Flag Alert data gathered by Begbies Traynor found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million (509,000) for the first time.  The research has revealed the larg

Lyn Calder, Anderson Anderson & Brown's (AAB) corporate finance manager and managing partner, has offered some practical advice to firms during the current coronavirus crisis. The UK and Scottish Governments are acutely aware the financial impact of the lockdown on businesses and the economy as