Business News Round Up (29/07/19)
Prime Minister launches new Growth Deals funding as he kicks off Union visits in Scotland
Prime Minister Boris Johnson is making his first official visit to Scotland to promise to ‘strengthen the union’ and pledge £300 million as part of new Growth Deals funding to boost the economy of devolved nations amid warnings that his no-deal Brexit strategy risks disrupting the UK.
Vauxhall car plant in danger of closure if Brexit makes it ‘unprofitable’
The Ellesmere Port plant of Vauxhall Motors could be at risk of closure and production moved to a European site, risking almost 2,000 jobs, if Brexit makes the site unprofitable.
KPMG brings Edinburgh director home to boost tax team
KPMG has strengthened its mergers and acquisitions team in Scotland with the relocation of tax director Rianne Lindsay from its London office, where she will provide advice to owner managed and private equity backed businesses across the central belt.
https://www.scotsman.com/business/kpmg-brings-edinburgh-director-home-to-boost-tax-team-1-4972080
Chemical manufacturing firm secures £1m Middle East contract
Serchem, a Telford based manufacturer of premium chemical products for the catering, laundry and medical decontamination sector, is driving overseas growth plans after securing a £1 million contract in the Middle East.