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Day: 16 July 2020

Bought from administrators

US billionaire Kaiser snaps up Scots subsea firm WFS

WFS subsea device
WFS provides wireless subsea devices  American billionaire businessman George Kaiser’s venture fund has stepped in to buy a wireless technology company in Livingston. WFS Technologies slid into administration before beingRead More

Property

Orega opens second serviced office space in Glasgow

220 St Vincent St
220 St Vincent Street joins the portfolio Serviced office provider Orega has launched a second business centre in Glasgow, adding to its facility in George Square and The Silver FinRead More

Crowdfund

Nude close to fund target for home buying app

Crawford Taylor
Crawford Taylor: challenges Glasgow financial start-up Nude, which helps people save for their first home, has raised £3.4 million, following the launch of a Seedrs campaign. Nude has a £3.5mRead More

Plan to avoid closures

State-owned debt manager plan to save struggling firms

Lloyds Banking Group
Banks want to protect their reputation (pic: Terry Murden) The Treasury is reviewing a radical proposal for a new state-owned body that would manage £35 billion of toxic coronavirus debt and helpRead More

'New norm' agreement

Wylie & Bisset staff take pay cut in home working deal

Donald McKinnon of Wylie & Bisset
Donald McKinnon: ‘creating a new norm’ Staff at chartered accountancy firm Wylie & Bisset have agreed a cut in salary in exchange for a nine-day fortnight as part of aRead More

£2.7m deal

BGF backs The Paint Shed’s planned expansion

Michael-Rolland-Managing-Director-with-Ogilvie-Rolland-Founder-and-Executive-Chairman The Paint Shed
Michael Rolland, managing director, with Ogilvie Rolland BGF has invested £2.7 million in The Paint Shed, to expand its online presence and accelerate the roll out of five stores. ItRead More

Thursday Update

DB Live: RBS; China; jobs data; Dobbies; Zumo; SSE

Removing RBS logo
REFRESH THE PAGE MANUALLY FOR UPDATES 4.45pm: London close The FTSE 100 slipped from three-week highs following job concerns and a drop in China’s retail sales. The blue-chip FTSE 100 wasRead More

Alarm over rising jobless

Third of firms to shed staff before job scheme ends

JobCentre
Job losses could rise sharply Almost a third of businesses expect to cut jobs in the next three months before the government’s Job Retention Scheme ends, according to alarming newRead More