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.
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.
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. The lender announced on February 27, that it would be cutting 500 jobs and closing 52 bra
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. Policymakers believe the change will protect commercial tenants for a period of at least three months.
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.
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. An announcement issued by the bank said that directors will take no quarterly or interim di
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. Business Improvement Districts are
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. The firm is currently working flat out lodging new appeals against rating assessments on the ba
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.
The UK's biggest rent-to-own company, BrightHouse, has collapsed, with Grant Thornton appointed as administrators. Chris Laverty, Trevor O’Sullivan and Helen Dale have been appointed as joint administrators of the firm.