ProStrakan in £55m rights deal for cancer pain drug
DRUGS developer ProStrakan has bought the European rights to Abstral, a medicine used to treat severe pain from cancer, as the Borders-based firm’s Japanese owner ramps up its operations on the...
View ArticleOverseas demand gives revived Glenglassaugh distillery a maiden profit
A SCOTTISH distillery that reopened just three years ago posted its maiden profit on Monday thanks to strong demand for its older whiskies from Asia, Russia and the United States.Glenglassaugh, near...
View ArticleFord changes gear with plan for new brands
FORD yesterday revealed it is in talks with local partners to introduce Chinese-only brands as it plays catch-up in the world’s biggest car market with rivals General Motors and Volkswagen.David...
View ArticleInterview: Rory Cullinan, head of RBS’ non-core division
REWARD for failure has become a hot topic in recent years, as shareholders take umbrage at the large salaries and bonuses handed out to underperforming executives.However, for Rory Cullinan, the man...
View ArticleHP and Oracle head to court in $4 billion ‘divorce’ case over chip
LAWYERS for computing giants HP and Oracle fired the opening salvos in a bitter $4 billion (£2.6bn) court battle yesterday after Oracle stopped making software for one of HP’s servers.Big names from...
View ArticleLyon set for battle over quad bike speed limits
After thinking he had managed to convince European legislators to differentiate between working All Terrain Vehicles and those used for recreational purposes, Scottish MEP George Lyon has had to return...
View ArticleDrug results a boost for Glaxo
TWO experimental drugs being developed by GlaxoSmithKline to treat skin cancer have been found to help patients with fewer side effects than current chemotherapy.The two medicines – Dabrafenib and...
View ArticleNintendo plays online gaming social network card
GAMES console maker Nintendo yesterday unveiled plans to launch a social network called “Miiverse” for its new Wii U equipment amid hopes that an online strategy will bolster hardware sales in an...
View ArticleEuro rises as proposals for further monetary union gain momentum
THE euro rallied yesterday amid growing optimism that the single currency zone will remain intact, after European Central Bank board member Ewald Nowotny threw his weight behind ambitious plans for a...
View ArticleBP shrugs off threat by partners to block sale
OIL giant BP yesterday vowed to press ahead with the sale of a stake in its Russian venture, dismissing a threat by its billionaire partners to block a deal that could allow the Kremlin to tighten its...
View ArticleFSA crackdown on monitoring suspicious trades
THE City watchdog is preparing to launch spot checks on firms’ reporting of “suspicious trades”, according to the man charged by the Financial Services Authority (FSA) with investigating rule...
View ArticleRoyal seal of approval for Scotsheep event
Fresh from the Diamond Jubilee celebrations, Prince Charles will officially open the National Sheep Association’s Scotsheep 2012 event at Dumfries House, East Ayrshire tomorrow.The Duke of Rothesay...
View ArticleSony shares at lowest since 1980s launch of the Walkman
JAPANESE electronics giant Sony saw its share price fall below the 1,000 yen (£8.32) barrier on Monday, for the first time since the global launch of its Walkman personal stereo in 1980.The slide...
View ArticleScottish Business Briefing - Tuesday 5 June, 2012
WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today. ENERGY & UTILITIESRenewable investment...
View ArticleQantas shares nosedive to all-time low as profits slump
SHARES in Qantas dived to an all-time low on Tuesday after the Australian airline giant warned of a profit wipeout.The carrier said it had been hit by deep losses at its international operations, weak...
View ArticleTemporary staff benefit with Legitas
THOUSANDS of Scottish temporary workers could soon be enjoying benefits associated with a permanent job thanks to a business being launched by Edinburgh-based employment services firm Legitas.The...
View ArticleStats Group wins major supply deal with Qatar
PIPELINE engineering firm Stats Group yesterday won what is understood to be its biggest-ever contract after securing a ten-year deal with Qatargas, the world’s largest liquified natural gas (LNG)...
View ArticleBlair is ploughing new legal furrow
Lawyer Mike Blair is leaving Thorntons’ Perth office and taking his expertise in matters rural to rival Gillespie Macandrew.One of just four solicitors in Scotland rated in the top “band one” tier of...
View ArticleJohnson Matthey has something to celebrate
CORPORATE results will take a back seat this week following the extended bank and markets holiday as there are only a handful of companies reporting, led by Johnson Matthey and Hornby.An ongoing shift...
View ArticleShell chief forecasts weakening in oil prices as tensions ease
OIL prices will weaken further in the second half of this year as demand reacts to a slowing global economy, while international political tensions ease, Shell chief executive Peter Voser yesterday...
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