COVID-19



FCA calls for loan and credit card payments to be frozen

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus.

Published 2 April 2020

Regional REIT maintains dividend

Glasgow-managed commercial landlord Regional REIT has announced that it will maintain its Q4 dividend despite the coronavirus crisis.

Published 2 April 2020

BCC: Nearly two-thirds of UK businesses only have three months of cash reserves

Results from the British Chamber of Commerce's (BCC) first COVID-19 Business Impact Tracker paint a concerning if unsurprising picture for business communities affected by coronavirus, as almost two-thirds of UK businesses reported that they only have three months of cash reserves available. 

Published 2 April 2020

Annual house price growth increased before coronavirus crisis struck the UK

Annual house price growth marginally increased just before the coronavirus pandemic struck the UK, according to the latest Nationwide House Price Index.

Published 2 April 2020

Bank shares drop after regulator orders dividend suspension

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

Published 2 April 2020

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