The current national lockdown is the "biggest risk" facing banks, and not Brexit, a leading industry figure warned this week.
The most significant barrier to growth for the UK’s major banks this year is the uncertain economic outlook arising from the latest national lockdown, not the lack of clarity on whether financial services firms can access markets in the European Union after Brexit, leading City analyst Michael Hewson declared.
READ MORE: The share prices of Royal Bank of Scotland owner NatWest Group and Lloyds Banking Group fell sharply between Christmas and New Year, amid a sell-off believed to be sparked by continuing uncertainty over access to EU markets. However, the European issue was given short shrift by the chief market analyst at London-based CMC Markets.
Coronavirus and Brexit weigh on mergers and acquisitions
Mergers and acquisitions activity will slow in Scotland in 2021 as uncertainty about the outlook for the economy amid the coronavirus crisis and Brexit weighs on sentiment, one of the country’s best known corporate financiers has said.
Textiles industry challenge as stores clear inventory backlog
The Scottish textiles industry has haile its resilience during the pandemic but faces a further challenge as it seeks to restock stores that still have a backlog of inventory.
Met Tower redevelopment, including hotel and offices, wins planning approval
A proposed major redevelopment of a Glasgow landmark has gained planning approval.
Eagle Labs comes home to roost at Ayrshire regeneration project
Kilmarnock’s Halo regeneration project is set to become home to the newest in the UK-wide network of Eagle Labs business incubators run by banking group Barclays.
Opinion
Ian McConnell: The inconvenient truths for ‘think big’ Boris Johnson
Mark Williamson: Cut-price exit from North Sea by giant bodes ill for the area
Features
Monday Interview: Scotch whisky auction firm raises glass to best-ever year
SME Focus: Glasgow construction services entrepreneur says firms need period of stability
Truly blessed for all your support during these crazy times... thank you!
— Highland Liquor Company (@HLCUllapool) January 7, 2021
Here's to a return to normalcy sooner than later, and as Helen says "welcoming back our friends in the hospitality sector.”https://t.co/4hNribNWr6
And finally, from the bulletin ... Ullapool's Highland Liquor Company doubles staff numbers after seven-fold increase in turnover | Clark hails £40m boost
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