APEX Hotels has warned the ongoing coronavirus pandemic represents a “material uncertainty” over its ability to continue as a going concern, accounts revealed this week.
However, the Scottish company, which has 10 four-star hotels located across Edinburgh, Glasgow, Dundee, London and Bath, has said that it anticipates a “strong recovery in hotel and hospitality operations in the short to medium term as we emerge from the Covid-19 pandemic.”
Investors back deal to sell Scottish firm
SHAREHOLDERS in Edinburgh-based Nucleus Financial have overwhelmingly accepted a £145 million takeover offer for the firm.
READ MORE: Salisbury-based retirement planning firm James Hay said investors holding 91.73% of the shares in the Scottish financial technology business had accepted its recommended cash offer of 188p a share.
Rapid Covid test from Omega stacks up
A RAPID Covid test made by Scotland’s Omega Diagnostics has been shown to detect the presence of the virus in more than 96 per cent of those whose infection would be picked up by “gold standard” PCR testing carried out in a laboratory.
Weir in $800m bond offering
WEIR Group has declared that it has been buoyed by the investor response to the first bond offering in the company’s 150-year history.
Watchmaker opens first Scottish boutique
SWISS luxury watchmaker Breitling has opened its first boutique in Scotland, launching its “urban loft” retail concept on Glasgow’s Buchanan Street.
Clyde oyster firm targets Far East
CUMBRAE Oysters is doubling the size of its current three-acre site at Hunterston in Ayrshire.
WATCH: Moment HMS Glasgow's two halves joined together
THE two blocks of HMS Glasgow are inched together in a delicate operation in the Govan shipyard.
Analysis, Insight, Opinion
Kristy Dorsey: The switch to hybrid working
Scott Wright: Are we ready to face another independence debate?
Ian McConnell: Should we care if Royal Bank HQ move to England triggered by independence?
Kristy Dorsey: Caterpillar wars are not the only supermarket battle
Ian McConnell: Can our leaders avoid further blunders on perilous road?
Brian Donnelly: Anger as islands tourism hit by cancellations
Features
Monday Interview: Optiseller studies funding options as online sales soar
SME Focus: Edinburgh tea specialist develops blends flavoured with whisky
From the Briefing: Family sells Scottish seaside holiday park after 33 years
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