Overwhelmed small business fund doubled to £90m
The Scottish Government said on Friday a fund launched last week to provide grants for small and medium-sized businesses affected by the coronavirus crisis is…
The Scottish Government said on Friday a fund launched last week to provide grants for small and medium-sized businesses affected by the coronavirus crisis is…
Edinburgh-based fund management giant Baillie Gifford said on Friday its joint senior partner Charles Plowden will retire on April 30, 2021, after almost four decades…
Permanent staff appointments and temporary job placements across Scotland declined at the most marked rates on record in April amid the coronavirus pandemic, according to…
The UK’s central bank said on Thursday the UK could suffer its biggest economic slump for more than 300 years due to the coronavirus lockdown….
The Scotch Whisky Association (SWA) on Thursday called for governments on both sides of the Atlantic to eliminate the tariffs on spirits which are costing…
About one in three of Scotland’s workforce — around 900,000 people — face being furloughed or made unemployed this quarter, according to a new report…
Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, said on Wednesday its first-half underlying profit fell 58% amid an impairment charge of £232…
The Scottish Government on Wednesday announced a one-off £75 million increase in funding for Scotland’s universities “to ensure they can protect their world-leading research programmes”…
Scotmid Co-operative said on Tuesday its trading turnover rose £7 million to £385 million for the year ended January 25, 2020, and its trading profit…
The US Department of the Treasury said on Monday it expects to borrow a record $3 trillion in the second quarter of 2020 alone to…
Scotland’s universities warned on Monday they are facing £500 million of losses next year “based on a scenario which sees a 50% drop in international…
Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, on Monday announced board changes with insider David Bennett succeeding Jim Pettigrew as chairman and…
Murray Estates said on Friday the first phase of the West Edinburgh “Garden District” development just off the city’s by-pass has been approved by Scottish…
Royal Bank of Scotland Group said on Friday its operating profit before tax fell to £519 million in its first quarter, down from just over…
A £100 million package of additional grant support for small and medium sized businesses (SMEs) in Scotland and for newly self-employed people opens for applications…
Royal Bank of Scotland “will not be moving people out of Scotland” as a result of the recent decision to change its name to NatWest,…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said in a Covid-19 update on Monday it has agreed an additional…
Glasgow-based global mining, oil and engineering giant Weir Group said on Tuesday its first quarter orders were 13% lower than the prior year “principally reflecting…
Wheatley Group — Scotland’s biggest social landlord — said on Tuesday it has drawn down £72 million of funding from the European Investment Bank (EIB)…
Powerful trade group Oil & Gas UK (OGUK), the representative body for the UK’s offshore oil and gas industry, warned on Tuesday that up to…
Investment trust Greencoat UK Wind plc (UKW) said on Monday it agreed to buy the South Kyle Wind Farm in the south of Scotland from…
Shares of Alva-based Omega Diagnostics Group rose another 60% on Monday after it said in a stock exchange statement it has “CE-Marked Mologic Ltd’s first generation…
Aberdeen-based bus and rail giant FirstGroup plc on Friday provided shareholders with further updates on its response to the Covid-19 pandemic. FirstGroup said its liquidity has…
Edinburgh-based asset management giant Standard Life Aberdeen has pulled out of the next World Economic Forum for the elites of global finance in Davos, Switzerland,…
New research by the University of Strathclyde’s Fraser of Allander Institute has reported that the Scottish Professional Football League (SPFL) contributes £214 million to the…
Glasgow-based sausage skin and collagen firm Devro issued a trading update on Thursday saying its first-quarter 2020 edible collagen volumes increased 2% compared to the prior year…
The UK’s Investment Association (IA) has suspended yield requirements for equity income funds as dividends dry up during the Covid-19 pandemic. The IA said it…
Aberdeen Standard Investments (ASI) said on Wednesday it has launched a new fund “which seeks to harness the significant investment opportunities present within global mid-cap…
The latest State of the Economy report published by the Scottish Government’s chief economist Gary Gillespie estimates that gross domestic product (GDP) in Scotland could…
The leading representative body for the UK’s offshore oil and gas sector has warned that the latest oil price developments “could fundamentally undermine the ability…
Investors withdrew £8.7 billion from UK-domiciled funds in March as the Covid-19 pandemic sparked panic and British funds suffered their largest ever monthly outflows, according…
The Scottish Government’s Constitution Secretary Michael Russell has urged the UK Government to ask the European Union (EU) for the maximum two-year extension to the…
Shares of Alva-based Omega Diagnostics Group rose about 20% on Monday after it said it signed a Material Transfer Agreement (MTA) with Mologic Ltd to…
Edinburgh-based Tesco Bank said on Friday that former UK Treasury official John Kingman will be appointed as its new chairman on July 7, 2020, following…
Standard Life Aberdeen CEO Keith Skeoch said on Thursday that global markets “have passed the point of maximum panic” amid the coronavirus pandemic but have…
Shares of Glasgow-based Collagen Solutions soared about 75% on Thursday after it announced it is in discussions “with a number of parties regarding a potential…
Infrastructure investment specialist Eilidh Mactaggart has been appointed the first CEO of the “mission-based’ Scottish National Investment Bank. The Scottish Government said it has committed…
Aberdeen-based Wood plc, the global engineering and consulting company, said it secured a number of engineering, procurement and construction (EPC) onshore wind contracts in the United…
The Scottish Government said on Wednesday that around £220 million of further grants are being made available for businesses, including the recently self-employed, to help…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said on Wednesday it acquired Velocimetrics Limited, a UK-based “network monitoring and trade analytics…
Shares of embattled Glasgow-based fashion firm Quiz rose about 12% on Wednesday after it said it has reopened its online operations. “Quiz’s own website, quizclothing.co.uk,…
The latest Royal Bank of Scotland purchasing managers’ index (PMI) report shows that business activity across Scotland’s private sector in March declined at the quickest…
The International Monetary Fund said on Tuesday the global economy could shrink by 3% in 2020 — an IMF downgrade of 6.3 percentage points from…
The UK’s Office for Budget Responsibility (OBR) said on Tuesday the British economy could shrink by 35% in the April to June period and unemployment…
Scottish Rugby said on Monday it will discuss a salary reduction programme for higher earning players and staff as it gave more details on how…
Up to £52 billion of UK company dividends could be scrapped in 2020 as London-listed firms cancel payouts to protect cash and avoid criticism amid the…
The UK’s central bank has agreed to temporarily lend the UK government money via its Bank of England overdraft facility if required to help finance…
Cumbernauld-based Irn-Bru maker A.G. Barr said on Wednesday its revenue fell 8.4% to £255.7 million and profit before tax fell 16% to £37.4 million in…
Moody’s Investors Service on Tuesday changed its outlook for Glasgow based engineering giant Weir Group Plc to “negative” from “stable” while affirming the Baa3 rating…
Perth-based energy giant SSE plc said late on Tuesday it successfully launched a €1.1 billion “5 and 10 year dual tranche” Euro bond with €600…
Glasgow-based temporary power giant Aggreko plc said on Tuesday it has moved the venue for its AGM on April 23 from Glasgow to London due…
Global debt across all sectors rose by more than $10 trillion in 2019, topping $255 trillion, according to the latest report from the Institute of…
Shares of Edinburgh funds platform Nucleus Financial Group rose 7% on Tuesday after it said it is too early to estimate the impact of the coronavirus…
The volume of residential property sales in Edinburgh, Lothians, Fife and the Scottish Borders fell 9.2% in the first quarter of 2020, according to the…
Glasgow-based cloud computing firm Iomart Group plc said on Friday it expects to report revenue up 8% to £112 million for the year to March 31,…
The chairman of Edinburgh-based asset management giant Standard Life Aberdeen (SLA) said on Friday it still plans to pay its dividend despite a growing number…
Shares of Aberdeen-based Wood plc, the global engineering and consulting company, recovered some lost ground on Thursday after the firm issued a stock exchange statement on…
The UK’s biggest banks should use the £7.5 billion of cancelled dividends and bonuses to write off debt repayments for retail and business customers affected…
Allia C&C said the Scottish Government has confirmed it will invest a further £40 million in Allia C&C’s Scottish Charitable Bond programme for 2020/21 to…
This year’s five Edinburgh festivals in August have been cancelled due to concerns around the Covid-19 pandemic. Edinburgh Art Festival, Edinburgh Festival Fringe, Edinburgh International Book Festival, Edinburgh…
The UK Treasury will seek to borrow a monthly record of £45 billion in April — by selling UK government debt securities (bonds) to institutional…
The Bank of England, the UK’s central bank, on Tuesday welcomed moves by Royal Bank of Scotland and Britain’s other biggest banks including Barclays, HSBC,…
The FTSE 100 index of major company shares in London has posted its biggest quarterly fall for more than 30 years amid the coronavirus crisis….
Glasgow-based packaging firm Macfarlane Group said on Monday its board members have waived 25% of their salaries and fees for the period from April 2020…
Aberdeen-based bus and rail giant FirstGroup plc said on Monday it has signed a “Direct Award” with the UK’s Department for Transport (DfT) to continue operating Great Western…
Perth-based energy giant SSE plc said on Friday the coronavirus crisis “has not so far had any material impact” on its financial results for 2019-20…
Edinburgh-based fund management giant Standard Life Aberdeen said on Friday it raised £237 million for “general corporate purposes” from the sale of shares in HDFC…
Edinburgh-based airport services giant John Menzies plc said on Friday it is is laying off about half of its global workforce amid the global coronavirus-related slump in…
Glasgow-based media firm STV Group plc said in a trading update on Thursday it has taken steps “to ensure STV remains financially resilient” amid the coronavirus…
The UK government said on Thursday it will pay grants to many self-employed people who have lost their livelihoods because of the coronavirus crisis. UK…