155 Aberdeen jobs saved with sale of Jablite Limited and Styropak Limited

Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP, the joint administrators of Jablite Limited and Styropack (UK) Limited have saved 155 jobs in Aberdeen after completing a prepack sale of the business and assets of both companies. 

Published 1 July 2020

Symbiosis Pharmaceutical Services secures £1m funding from Allied Irish Bank

Stirling-based Symbiosis Pharmaceutical Services has secured a £1 million funding package from Allied Irish Bank (GB) to support its 2020 growth strategy. 

Published 1 July 2020

THFC provides New Gorbals Housing Association with £4.5m funding at record-low fixed rate

The Housing Finance Corporation (THFC) has priced a £4.5 million cut of its 25-year Funding No.3 bond at a record-low fixed rate of 1.998%, with funds to be on-lent to New Gorbals Housing Association.

Published 1 July 2020

Smart Metering Systems returns furlough money to UK Government

Smart Metering Systems (SMS), the Glasgow-based energy tech firm, is returning its furlough cash received from the UK Government.

Published 1 July 2020

CMA imposes £1.2m in fines for price-fixing in private eyecare

The Competition and Markets Authority (CMA) has found that a private hospital group and seven consultant ophthalmologists broke competition law by taking part in illegal price-fixing.

Published 1 July 2020

Brexit had little effect on UK M&A deal volumes, report finds

Brexit had little effect on UK Mergers and Acquisitions (M&A) in the UK after the 2016 vote, according to a report published by Rooney Nimmo and investment company 24Haymarket.

Published 1 July 2020

Payment freeze for credit card and personal loans to continue

The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

Published 1 July 2020

BCC: 'Swift, substantial and immediate action' must be taken to bolster UK economy

The British Chambers of Commerce (BCC) has called for “swift,  substantial and immediate action” to bolster the economy, as its Quarterly Economic Survey (QES)  found that UK economic conditions deteriorated at an unprecedented rate in the second quarter of 2020.

Published 1 July 2020

And finally... tyred out

A German man has accidentally purchased 27 Teslas when trying to buy a new car.

Published 1 July 2020

Bank of Scotland: Business confidence falls even further in Scotland

Business confidence in Scotland fell by a further eight points during June to -41%, marking the lowest level of confidence across all UK regions and nations, according to the latest Business Barometer from of Bank of Scotland Commercial Banking.

Published 30 June 2020