THE famous Lorne Hotel in the west end of Glasgow has been put up for sale as administrators take steps to liquidate its owning company.
Thirty staff were earlier made redundant when administrators at Interpath Advisory, the former restructuring arm of KPMG, were appointed to Bellhill Limited.
READ MORE: The hotel, located in the fashionable Finnieston area on Sauchiehall Street, had been historically profitable. However, the business had seen turnover plunge and recorded trading losses in the 15 months following the outbreak of the coronavirus pandemic in early 2020, and the imposition of restrictions to halt the spread of the disease.
Shopping mall welcomes latest designer brands
SAMONSONITE and Police have become the latest global brands to commit to retail space at Livingston Designer Outlet.
Diageo toasts new ‘dual growth’ potential
DRINKS giant Diageo, the owner of Johnnie Walker whisky and Guinness beer, beat analysts’ expectations for the financial year to the end of June with a particularly strong performance in North America, its largest market.
Bank chief discusses 5,000-job commitment to Glasgow
BARCLAYS has hailed Glasgow and Scotland’s potential for growth as it prepares to double its staff numbers north of the Border.
FirstGroup chief yields to major investor backlash against US deal
MATTHEW Gregory is surrendering the helm at FirstGroup after the transport giant’s largest shareholder renewed calls for the chief executive’s resignation.
READ MORE: In an announcement alongside the release of its financial results for the year to the end of March, FirstGroup said Mr Gregory will not seek re-election at the company’s annual meeting on September 13. Chairman David Martin will take over as interim executive chairman until a permanent chief executive is appointed.
Clydesdale owner optimistic about pace of economic recovery after branch closures
CLYDESDALE Bank owner Virgin Money has highlighted its confidence in the prospects for a strong recovery from the economic slump triggered by the pandemic as it said it had made progress in key markets.
Scottish social enterprise supermarket to create 90 jobs
AROUND 90 new jobs are to be created in a significant expansion of the business described as Scotland’s first social enterprise supermarket.
Insight, analysis, opinion
Mark Williamson: Taxpayers bear cost of scheme to boost banking competition
Kristy Dorsey: All work and low pay: The cost of poverty in employment
Brian Donnelly: CalMac ferry crisis: Islanders’ anger over car constraints
Monday Interview: Inverness retailer bidding to fire out the blocks
From the Briefing: Grocery giant buys stake in Glasgow alcoholic water start-up
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