STORYBOARD ASSETS, the artwork investor founded by Edinburgh entrepreneur Luke Heron, is inviting shareholders to bid for its collection after the pictures failed to sell at auction.
Chairman Marcus Yeoman has offered £60,000 for the portfolio, which has a book value of more than £156,000 and includes original work by Quentin Blake and Wind in the Willows illustrator EH Shepard.
Shareholder blow to easyJet ouster
EasyJet has received the backing of two shareholder organisations in its bid to defeat a move to oust its chairman.
Sir Stelios Haji-Ioannou, the budget airline’s founder, has called for the removal of Sir Michael Rake, who is also deputy chairman of Barclays.
Hiscox back in black after hard year
Insurance group Hiscox returned to profit in the first six months of 2012 as a spate of costly natural catastrophes that pushed it deep into the red a year earlier eased.
The firm, whose insurance spans oil refineries to fine art and vintage cars, made a pre-tax profit of £125.8 million.
Keppie signs up for waterfront revamp
Keppie Design, the architectural practice, is to oversee the refurbishment of the Ocean Terminal shopping centre in the waterfront area of Edinburgh.
The firm said the deal, with the centre’s new owner, Resolution Property, followed similar work on shopping malls in Dundee, Glasgow and Livingston.
Co–op signs debt deal worth £950m
The Co-operative Group has secured £950 million of new debt facilities to replace existing borrowings that mature in 2013, it was announced yesterday.
The package with lenders, including Barclays, Lloyds TSB and Royal Bank of Scotland, will enable the UK’s largest mutual to continue to invest in its businesses, which include its food retail arm, the UK’s largest funerals operator and the third-largest pharmacy chain.