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Brown to push flexible working rights

Gordon Brown is to press ahead with plans for more part-time working rights for 4.5m staff, rejecting demands from business leaders that the measure be dropped when new laws are announced today in the Queen’s Speech

Consumers 'still credit hungry'

Cash-strapped consumers are prepared to overstretch themselves on credit and are failing to think through the consequences, according to a survey by PricewaterhouseCoopers

Demand for redundancy advice soars

The number of businesses and employees seeking online advice on redundancies, lay-offs and business restructuring has quadrupled since May as fears over job losses have spiralled, Acas, the advisory and conciliation service, reported on Tuesday

Photo and cleaning firm cuts jobs

Blair Nimmo and Tony Friar of KPMG Restructuring have been appointed as joint administrators of Bowie Castlebank Group, which includes Alexander Kennedy & Sons Ltd, on Tuesday, at the request of the company's directors

Tesco takes the fight to discount retailers

A new range of cheaper products has helped Tesco attract more shoppers to its supermarkets and compete more effectively with discount retailers as British consumers increasingly seek to save money on their weekly shopping bills

Credit Suisse cuts 650 jobs in UK

Troubled Swiss banking giant Credit Suisse has confirmed that it will cut 650 jobs from its UK workforce. The bank has struggled since the onset of the financial crisis and has been forced to write off assets worth billions owing to bad loans

New Star shares plunge amid bank talks

Shares in New Star Asset Management, one of the UK’s best-known fund managers, plunged nearly 43 per cent on Monday as analysts warned it had just days to negotiate a deal with its banks to avoid potentially devastating outflows of its funds

Aberdeen Asset Management outperforms

Aberdeen Asset Management on Monday showed that it had outperformed a struggling fund management sector by reporting slightly higher profits before exceptionals of £95.1m, up from £94.3m last year

RBS promises mortgage respite

The political and public campaign to force Britain's banks to do more to help customers weather the economic downturn will gain impetus today with a promise from the Royal Bank of Scotland to give at least six months' breathing space to homeowners who fall behind with mortgage payments.

Deloitte reports surge in graduate job applications

Professional services firm Deloitte has reported a 34 per cent rise in applications for graduate positions at its Scottish business, led by a 59 per cent hike at its Edinburgh office

Grant Thornton latest victim of economic downturn

Britain’s fifth largest accountancy firm, Grant Thornton, is to cut 225 jobs, including 60 partners, after blaming the economic downturn and last year's merger with rival business Robson Rhodes

Scottish Equity Partners names venture firm of the year

Scottish Equity Partners (SEP) has been named the UK’s top?venture capital firm for the second year running.?SEP received the accolade at the British Private Equity Awards run by?Unquote, which celebrate excellence and innovation across the private equity sector.?

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