COVID-19



Mortgage lenders seek 40% deposits

Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

Published 1 April 2020

City Blinds & Shutters collapses amid coronavirus crisis

Glasgow-based City Blinds & Shutters has closed down due to the coronavirus pandemic.

Published 1 April 2020

Clydesdale Bank branch closures postponed

Virgin Money, formerly known as Clydesdale Bank, has announced that it will not proceed with the branch closures and job cuts announced in February, as a result of the current situation with COVID-19.

Published 1 April 2020

Scottish business tenants to be protected from eviction

Small business tenants are set to get new protection from eviction during the coronavirus outbreak, thanks to new legislation set to be passed by Holyrood today.

Published 1 April 2020

Stock markets suffer worst quarter in over 30 years

Stock markets have suffered their worst quarter in over thirty years after the coronavirus pandemic has disrupted economies across the globe.

Published 1 April 2020

IoD: Gaps in coronavirus support for business need to be filled

The Institute of Directors (IoD) has called for help for companies and entrepreneurs currently 'falling through the cracks' of government support, as new figures underline the impact of the coronavirus outbreak on firms.

Published 1 April 2020

RBS suspends quarterly dividend payments in response to COVID-19 crisis

In response to the current coronavirus pandemic plaguing the UK, the Royal Bank of Scotland Group's board of directors has decided to undertake no quarterly or interim dividend payments until the end of 2020.

Published 1 April 2020

Business Improvement Districts to support coronavirus recovery with £1 million Scottish Government fund

Many Business Improvement Districts (BIDs) in Scotland will be at the forefront of the local response to the COVID-19 outbreak through a £1 million resilience fund made available by the Aileen Campbell, cabinet secretary for communities and local government.

Published 31 March 2020

Shepherd calls for rating appeals to be lodged due to COVID-19 crisis

Shepherd Chartered Surveyors has called for rating appeals to be lodged and ideally to be backdated to 4 March 2020 as a result of a material change of circumstances arising from the coronavirus pandemic.

Published 31 March 2020

Hammerson sees rents drop amid coronavirus crisis

Hammerson, the retail property company which owns Aberdeen's Union Square and Glasgow's Silverburn, has seen a major slump in rents, as two-thirds of the rent it expected to collect last week was not sent due to the economic impact of the coronavirus pandemic.

Published 31 March 2020

BrightHouse collapses amid coronavirus lockdown

The UK's biggest rent-to-own company, BrightHouse, has collapsed, with Grant Thornton appointed as administrators.

Published 31 March 2020

Black Isle Brewery sees sales plummet by 95% amid COVID-19 crisis

Black Isle Brewery has warned that the coronavirus crisis could be "disastrous" for the brewing industry in Scotland, after the company reported a 95% decrease in sales.

Published 31 March 2020

Supermarkets to benefit from £3 billion tax break

Supermarkets in the UK are to benefit from a £3 billion tax break whilst sales skyrocket due to the coronavirus lockdown, according to Tax Watch UK.

Published 31 March 2020

Loganair prepares to ask for state bailout

Loganair is preparing to ask for a government bailout to sustain its business in the next few days.

Published 31 March 2020

Record low interest rates could see savers rate of return fall by over 62%

The Bank of England’s (BoE) decision to lower interest rates to an all-time low of 0.1% could see UK savers' rate of return fall by as much as 62.5%, according to the latest research by peer-to-peer lending platform Sourced Capital. 

Published 31 March 2020