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City round-up

Woollen Mill eyes deals; Daily Mail; Metro Bank

Edinburgh Woollen Mill
Edinburgh Woollen Mill (EWM) has cancelled its dividend payout this year as it prepares to buy up rival retailers battered by tough conditions on the high street, says The Guardian.Read More

'Onerous rents' blamed

Quiz warns of more store closures over ‘onerous rents’

quiz towie
Fashion stakes: stores are under review Scottish fashion chain Quiz Clothing warned that more shops will close after taking a £7m exceptional charges on high rents and restructuring of itsRead More

Sales rise

Collagen expanding Glasgow labs amid widening losses

Collagen
The Glasgow facility is being expanded Collagen Solutions, the stem cell company, saw its shares fall sharply after it reported widening losses. Shares closed 5.63% lower at 3.35p after itRead More

Retailer hires lawyers

Ted Baker shares fall as fresh crisis engulfs chain

Ted Baker girl
Ted Baker: more problems Fashion chain Ted Baker has appointed a law firm to advise on how it tackles an overestimation of its stock. The company discovered the inventory valuationRead More

Step up in activity

Cruden raises building target by 25% to help fill housing gap

Kevin Reid
Kevin Reid: ‘excellent progress’ Building company Cruden Group plans to build 25% more homes over the coming year in a bid to address Scotland’s chronic undersupply. The company expects turnoverRead More

Growth in business

Johnston Carmichael sees 20% leap in audit clients

Graham Marjoribanks
Graham Marjoribanks: ‘welcomed scrutiny’ Accountancy and business advisory firm Johnston Carmichael says revenue from its audit and assurance is up by a fifth in the first four months of itsRead More

Dividend cancelled

PPI claims overshadow Virgin Money makeover

David Duffy
David Duffy: surprised by scale of PPI requests Shares in Virgin Money closed 19% higher despite suspending its dividend and confirming a bottom line loss of £194 million. Chief executiveRead More

Laying foundations

Profits dip at Brewin Dolphin on investment in advice

Marc Wilkinson
Marc Wilkinson: ‘resilient year’ Wealth manager Brewin Dolphin reported a dip in full-year profits as it increased spending on growth initiatives and infrastructure projects. Chief executive David Nicol said theseRead More

Acquisitions targeted

Cloud firm Iomart benefits from investment in sales

Angus MacSween 2
Angus MacSween: ‘insatiable growth’ Investment in sales and marketing has paid off for cloud computing firm Iomart which saw a boost to revenue and profits. The Glasgow-based company invested moreRead More

PPI setback

Rebranded Virgin Money to make maiden annual loss

Virgin Money flag 2
Rebranded bank will report a loss (pic: Terry Murden) Virgin Money UK, the renamed owner of Clydesdale Bank, formerly known as CYBG, will follow the pattern of other banks thisRead More