COVID-19



Scotland records UK's smallest increase in profit warnings

Scottish listed companies recorded the smallest increase in profit warnings across the UK during the first three-quarters of 2020, according to new analysis from EY.

Published 19 October 2020

PwC and Schroders staff to work from home permanently

Staff at Big Four accountancy firm PwC and asset manager company Schroders are to work from home permanently signalling a change to flexible working in the wake of the coronavirus pandemic.

Published 17 August 2020

Borrowing from the bank of mum and dad drops by a third during lockdown

Borrowing money from loved ones dropped by almost a third (30%) in the last year, then a further 44% during lockdown, according to the latest data from Bank of Scotland. 

Published 14 August 2020

UK economy officially in a recession with worst slump in Europe

The UK economy has officially entered a recession as it suffered its biggest decline on record between April and June, according to the latest statistics from the Office for National Statistics (ONS).

Published 12 August 2020

Debbie Mayor: Resilience and agility will be key to COVID-19 recovery

Debbie Mayor, director at accountants and business advisers Grant Thornton, reveals why businesses must adopt a similar approach to that taken by Holyrood policymakers in easing lockdown restrictions.

Published 11 August 2020

Royal London sheds £8.5m in COVID-19 claims

Royal London has paid out £8.5 million in claims to the families of more than 1,200 customers whose deaths were caused by the coronavirus.

Published 11 August 2020

RBS: Scottish economy approaching stabilisation as private sector downturn eased in July

The downturn in the Scottish private sector eased noticeably in July, with clear signs that the economy is approaching stabilisation, according to the latest Royal Bank of Scotland PMI.

Published 10 August 2020

Glenalmond Timber secures £600k CBILS funding from RBS

Perthshire-based timber manufacturing company, Glenalmond Timber, has received £600k in CBILS funding from the Royal Bank of Scotland to help safeguard the future of the business following the coronavirus pandemic.  

Published 7 August 2020

Scottish retail lost £1.9bn sales during lockdown

Retailers in Scotland lost £1.9 billion of retail sales during the first four months of the coronavirus pandemic, according to new analysis by the Scottish Retail Consortium (SRC).

Published 7 August 2020

Tom Nener: Counterfeiters cash in on coronavirus crisis

Tom Nener, legal director at Pinsent Masons, highlights the importance of protecting your brand as criminals take advantage of the pandemic.

Published 7 August 2020

CBI Scotland outlines six-point approach to help business cope with local lockdowns

With First Minister Nicola Sturgeon having announced a limited lockdown in Aberdeen, CBI Scotland has today set out six ways in which to build confidence for those businesses, local authorities and communities affected, if their local area comes under new temporary restrictions.

Published 7 August 2020

Scottish Government announces actions for economic recovery after COVID-19

Targeted measures to build a stronger, fairer and greener economic future for Scotland in the wake of coronavirus have been announced by the Scottish Government.

Published 7 August 2020

Scottish businesses receive over £2bn from UK Government COVID-19 support schemes

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.

Published 7 August 2020

RBS: Hiring activity continues to drop in Scotland throughout July

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.

Published 6 August 2020

UK economic downturn ‘less severe’ than expected but recovery will be slower, says BoE

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).

Published 6 August 2020