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
