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Gordon MacLure, restructuring partner at Johnston Carmichael, details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. The HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance

The Financial Conduct Authority (FCA) is consulting on proposals to reduce the potential for harm to investors from the liquidity mismatch in open-ended property funds. The new rules as proposed would require investors to give notice – potentially of up to 180 days - before their investment is

Renfrewshire-based clothing firm M&Co has appointed Deloitte as its administrators as it announced that it will be cutting almost 400 jobs. M&Co has been put into administration with Deloitte appointed as administrators. The firm's assets were immediately bought back by the family which had

The final manuscript for the classic film Breakfast at Tiffany's, starring Audrey Hepburn, has sold at an auction for £377,000.  The typescript, covered in Truman Capote’s handwritten edits, sold to an anonymous buyer at Sotheby’s London for more than double the pre-

Graham Newton and Ryan Grant of BDO LLP have been appointed joint administrators of Dave Whelan Sports Limited (DW Sports). DW Sports currently operates 73 gym and 50 retail sites in the UK, 25 of the stores have already closed prior to the firm's administration.

Employment law, HR and health & safety specialists Law At Work has recorded a 425% increase in redundancy enquiries as the potential impact of the coronavirus pandemic on Scottish unemployment begins to show. A total of 383 businesses contacted the firm to discuss the process for laying off staf

Hiring activity in Scotland continued to decline substantially in July, although the labour market downturn softened slightly compared to previous months this year, according to the latest Royal Bank of Scotland Labour Market Report.

Twenty-three Scottish SMEs are set to benefit from an £18 million-a-year contract to offer demolition and deconstruction services to all local authorities and housing associations.

The Financial Conduct Authority (FCA) has today published the findings of a review into relending by firms that offer high-cost credit. The review, which was completed prior to the coronavirus pandemic, highlights concerns about poor practices by some firms and notes that nearly half of consume

The number of jobs being advertised in Scotland fell by 53.4% in July, according to the latest job market data from CV-Library. 

A merger between two suppliers of retail investment platform solutions has been provisionally blocked by the Competition and Markets Authority (CMA) as it could be anti-competitive. FNZ purchased GBST in November 2019. According to the CMA, their merger could lead to UK consumers who rely

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

Alex Metcalfe, head of public sector policy in the professional insights team at the Association of Chartered Certified Accountants (ACCA) has taken on a wide-ranging role at the global professional accountancy body, becoming its global head of public sector. The new role involves leading on ACCA&rs

Real estate advisor Savills has seen its profits before tax drop by 69% to £7.7 million in the first half of this year. Last year, the firm’s profits before tax were £24.7m.

Metro Bank has posted a pre-tax loss of £240.6 million in the first six months of this year. The loss is a dramatic drop from the bank’s £3.4m profit reported for the same period last year.