News



Lenders to give three month mortgage offer extension for home movers impacted by COVID-19

To help home movers impacted by coronavirus, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date, UK Finance has announced.

Published 27 March 2020

Mounting pressure on banks to block £7.5bn dividends

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks.

Published 27 March 2020

STV suspends dividend as it launches £10m of cuts amid coronavirus outbreak

STV has announced that it has suspended its planned dividend of 14.7p per share and embarked on a cost-cutting mission to ensure that it remains "financially resilient" amid the COVID-19 crisis.

Published 27 March 2020

RBS converts Edinburgh HQ into COVID-19 supply centre

The Royal Bank of Scotland has converted its Edinburgh headquarters in Gogarburn into a distribution centre to supply food and hygiene products to the Trussell Trust food banks and Social Bite.

Published 27 March 2020

Kirstie Ann Duncan wins F&C Investment trust Prize

Kirstie Ann Duncan, HND Legal Services student at City Of Glasgow College, has won the prestigious F&C Investment Trust Prize.

Published 27 March 2020

Soar wins £200k in Affordable Credit Challenge

Glasgow-based fintech Soar has secured £200,000 of the prize pot in the Affordable Credit Challenge.

Published 27 March 2020

COVID-19 to delay HSBC restructuring

The impact of the COVID-19 outbreak has forced HSBC to delay its restructuring plans announced earlier this year.

Published 27 March 2020

Loganair announces further flight reductions

Loganair has announced further reductions in its flight schedules over the coming weeks, consistent with the Government’s efforts to contain the spread of the COVID-19 virus.

Published 27 March 2020

And finally... fashion fix

Ralph Lauren is the latest designer brand to offer help during the global coronavirus pandemic, as it announced it would start making medical masks and isolation gowns.

Published 27 March 2020

Administrators bill for Ferguson Marine insolvency runs up to £1.2m

The administrator's bill for the insolvency of Ferguson Marine Engineering has reached £1.2 million. 

Published 26 March 2020

RBS offers business interruption loans without personal guarantees

The Royal Bank of Scotland has announced that it will not be insisting on personal guarantees to issue government-backed emergency loans to business owners, whilst banks across the UK face criticisms for implementing such procedures. 

Published 26 March 2020

Directors urge government to relax insolvency rules to save businesses

Directors across the UK are asking the government for a temporary indemnity which allows them to keep technically insolvent firms in operation during the coronavirus pandemic without fear of legal action.

Published 26 March 2020

Dunedin Enterprise Investment Trust increases dividend despite coronavirus concerns

Edinburgh-based Dunedin Enterprise Investment Trust (PLC) has increased its final dividend share from 2p to 5p despite the global economic worries over the COVID-19 pandemic.

Published 26 March 2020

RBS outlines support for customers during lockdown

The Royal Bank of Scotland issued a letter to MPs yesterday outlining its support for customers during the current COVID-19 lockdown. The measures include fee-free loans and overdrafts.

Published 26 March 2020

Richard Godden: Coronavirus pandemic - do you still have to carry out your contracts?

Richard Godden, partner and member of Blackadders' dispute resolution team, details whether businesses still have to carry out their contracts during the coronavirus lock down.

Published 26 March 2020