News



UK economy suffers joint largest fall since 1979

The UK economy has suffered the joint biggest drop since the July-to-September period in 1979, as GDP contracted by 2.2% in the first quarter of 2020.

Published 30 June 2020

Huge increase in UK residents purchasing cryptoassets

New research by the Financial Conduct Authority (FCA) has found that 2.6 million people in the UK have purchased cryptoassets at some point, marking a 1.1 million increase in buyers since last year.

Published 30 June 2020

And finally… the other Boris

The prime minister of Bulgaria, Boïko Borissov, has been fined for entering a church without a mask.

Published 30 June 2020

John Menzies CEO Giles Wilson appointed as financial chief of William Grant & Sons

Giles Wilson, chief executive officer of global aviation services firm John Menzies PLC, has announced that he will leave the group to take up the position of chief financial officer with William Grant & Sons.

Published 29 June 2020

Johnston Carmichael: The Corporate Insolvency and Governance Act 2020 now in effect

Members of Johnston Carmichael's restructuring team have published a commentary on the introduction of the Corporate Insolvency and Governance Act 2020, which came into force on June 26 bringing new measures to provide extra support to businesses in financial difficulty due to COVID-19. The introduction of the act is the biggest change in corporate insolvenc

Published 29 June 2020

Chrysties Furnishing Centre reopens thanks to £200,000 CBILS funding package from RBS

Hawick-based Chrysties Furnishing Centre as reopened in the month of its 30th birthday following a £200,000 Coronavirus funding package from Royal Bank of Scotland.

Published 29 June 2020

Legal action launched against EY over Wirecard scandal

The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard.

Published 29 June 2020

Estate agents expect a bounce as property market reopens today

Estate agents across Scotland are forecasting a record month for sales in July, eclipsing the 10,352 properties sold in July 2018.

Published 29 June 2020

Lloyds to expand into wealth management and insurance services

Lloyds Bank has announced plans to move further into wealth management and insurance services in its next strategy update.

Published 29 June 2020

New Wave Foods secures £1.7m funding boost

New Wave Foods, trading as Shore the Scottish Seaweed company, has grown its product range on the back of a £1.7 million finance package.

Published 29 June 2020

Barclays offers 1.99% fixed rate mortgage for affluent homeowners

Barclays has slashed rates for affluent borrowers as mortgage customers with a sizeable deposit can now fix their mortgage for ten years at less than 2%. 

Published 29 June 2020

Yorkshire Building Society restarts 90% mortgages for first-time buyers

Yorkshire Building Society has restarted its 90% mortgages for first-time buyers as it slashes its interest rates.

Published 29 June 2020

Lothian-based toy company Yummikeys' monthly sales triple in lockdown

Lothian based eco-friendly toy company, Yummikeys has reported a 291% increase in YTD trade figures with monthly sales tripling since the lockdown measures were introduced in March.

Published 29 June 2020

KPMG appointed as administrators of Intu Properties

Jim Tucker, David Pike and Mike Pink from KPMG’s restructuring practice have been appointed joint administrators of retail property company Intu Properties plc, the owner of the Braehead complex near Glasgow.

Published 29 June 2020

Breathe Easy secures £50,000 grant from Scottish Government for lip-reading facemasks

Edinburgh start-up Breathe Easy has won a £50,000 grant from the Scottish Government to help with its development of the first lip-reading face masks in Scotland.

Published 29 June 2020