Comment: Stampede into bonds may have consequences
WHEN a financial market trend is firmly lodged as unchallengeable wisdom, no number of warning flares seem to make much difference – for a time. In recent months, several warnings have been fired...
View ArticleBusiness briefs: John Lewis | De La Rue | EEF | S&W | Virgin
The latest business news...Record online sales boost John LewisShoppers logging on for “mega Monday” helped department store group John Lewis post a record sales haul last week.The retailer delivered...
View ArticleCoal giant Coalfield Resources reshuffles in bid to secure 2,500 jobs
THE UK’s biggest coal producer today completed a complex reshuffle of its business in a move that safeguards 2,500 jobs.UK Coal, which has been renamed Coalfield Resources, has split its operations...
View ArticleScottish Business Briefing - Monday 10 December, 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. ECONOMICSScottish private sector struggles...
View ArticleGlobal growth ambitions for Interbulk
Interbulk chief executive Koert van Wissen today vowed to press ahead with global expansion plans after the eurozone debt crisis dented the East Kilbride-based haulage firm’s sales in the year to 30...
View ArticlePasty tax victor Ken McMeikan stuns City as he quits Greggs for Brakes
GREGGS has begun the search for a new chief executive after Scots-born “pasty tax” opponent Ken McMeikan surprised the market by quitting the bakery chain.McMeikan, who is leaving to become group chief...
View ArticleIrn-Bru sales growth has the City fizzing
THE CITY cheered “superb” sales growth at Irn-Bru maker AG Barr today after the Cumbernauld-based firm again out-stripped the rest of the fizzy drinks market.Barr’s revenues for the 18 weeks to 1...
View ArticleShift in formation gives Robertson a lift as it targets north of England
ROBERTSON Group, the Elgin-based construction company, yesterday said it was seeing the benefits of a major reshaping of the business as it continues its push further into England.The family-owned...
View ArticleBusiness briefs: SLI | Maserati | Pinnacle | Croma | Interbulk | Japan in...
Standard Life Investments has won a £130 million mandate to manage a local government pension scheme bond fund after a “lengthy tender process”. SLI wins Cumbria council mandateCumbria County Council...
View ArticleTransatlantic co-operation to end ‘too-big-to-fail’ bank fears
BRITAIN and the United States have jointly unveiled plans to oversee the orderly winding down of collapsed globally important banks so that future taxpayer bail-outs can be avoided.A key new element of...
View ArticleMayor Bloomberg eyes bid for £1bn Financial Times (FT) Group
NEW YORK mayor Michael Bloomberg is weighing up whether to make a bid for Financial Times (FT) Group, according to speculation in the US.An article in the New York Times said the mayor, who owns 88 per...
View ArticleMarkets: Diageo rises on talk of move for Beam
SHARES in Scotland’s largest distiller edged ahead yesterday following weekend press reports that it had been in talks with Morrison Bowmore-owner Suntory to buy New York-listed spirits giant Beam.City...
View ArticleMixed reaction to report on Scotland’s rent review regime
Professional bodies involved in farm rent reviews will be asked to sign up to a voluntary code of conduct to improve the transparency of how rents are arrived at, under proposals put to the Tenant...
View ArticleSir Richard Branson hits back at ‘misguided’ Willie Walsh over future of...
SIR Richard Branson yesterday vowed to keep control of Virgin Atlantic and branded IAG boss Willie Walsh as “misguided” for claiming the brand would be ditched by American suitor Delta Air...
View ArticleOutplay to add 120 jobs after £2.5m funding
Video game developer Outplay has unveiled plans to create more than 120 jobs over the next three years after securing £2.5 million in funding from Pentech Ventures and the Scottish Investment Bank.The...
View ArticleComment: Regulators appear to have learned from 2008
THE cross-border British/US plan for rescuing any collapsing “globally significant banks” looks on the money, as the Americans say.Shareholders must be prepared to lose all, bondholders a lot, and...
View ArticleHSBC to pay out £1.2bn in fraud probe
HIGH street bank HSBC is to pay out a staggering £1.2 billion in penalties after an investigation into money-laundering by US state authorities.It will include a £777 million forfeiture, the highest...
View ArticleHSBC ‘pays £1.2 billion to settle US fraud probe’
Europe’s biggest bank, HSBC, will pay £1.2 billion to settle a money-laundering probe by US authorities, sources revealed last night.The bank will pay £777 million in forfeiture and £407m in civil...
View ArticleBeam’s on the radar after Diageo pulls out of tequila takeover talks
WHISKY giant Diageo has pulled the plug on long-running talks to swallow tequila brand Jose Cuervo in a surprise move that could open the door to a swoop on US bourbon producer Beam.As talks with the...
View ArticleWhitbread reports 7.1% jump in sales at Costa Coffee chain
Hotels and restaurants group Whitbread has reported a 7.1 per cent increase in third-quarter sales at its Costa Coffee chain.The group has more than 2,200 Costa outlets around the world, and sales at...
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