Tate and Lyle deal is sweet for Heriot Watt spin-out firm Nandi
INGREDIENTS maker Tate & Lyle yesterday signed a deal to use technology developed by a spin-out firm from Heriot Watt University in Edinburgh to improve the “texture” of its foods.Nandi Proteins,...
View ArticleMarkets: Tullow hit by disappointing wells
DISAPPOINTING results from exploration wells in Ghana and Guyana meant Tullow Oil was the biggest faller in the FTSE 100 index.The stock dropped 8.4 per cent or 106p to close at 1,150p after announcing...
View ArticleJaguar Land Rover eyes factory in Saudi Arabia
Jaguar Land Rover (JLR) has paved the way for building a plant in Saudi Arabia as it eyes further expansion in fast-growing overseas markets.The luxury car maker, owned by India’s Tata Motors, has...
View ArticleForeign investors snap up £1 million worth of properties in Scotland
FIFTY foreign investors have snapped up properties in Dundee, Edinburgh and Stirling worth more than £1 million following a roadshow by Edinburgh-based Grant Property.Chief executive Peter Grant...
View ArticleTidings of discomfort and woe on Scotland’s high streets as figures show...
SCOTLAND’S beleaguered high street retailers have had their hopes of a pre-Christmas boost dashed as new figures showed a dramatic slump in shop sales.The latest report from the Scottish Retail...
View ArticleAlva pint: Bank backing Harviestoun’s expansion plans
HARVIESTOUN has become the latest micro-brewery to unveil expansion plans after signing a finance deal with Clydesdale Bank.The Alva-based maker of Bitter & Twisted, Old Engine Oil and Schiehallion...
View ArticleItalians throw a spanner in the eurozone banking works
BANKERS and politicians were thrown off balance yesterday when a key eurozone central bank revealed that the introduction of new capital rules are set to be delayed by up to a year.The move came as a...
View ArticleReal ale protesters to pour into Westminster
REAL ale campaigners will today lobby Westminster as part of a campaign to scrap the “damaging” beer duty escalator.The Campaign for Real Ale (Camra) said that since the policy of raising beer duty by...
View ArticleFarming: Bank backing for ‘sound’ businesses
SOUND farming businesses are still a good bet for financial support from the banks, according to the Clydesdale Bank.The bank’s head of agri-business, James O’Mahoney, speaking in Edinburgh, strongly...
View ArticleFSA tells HSBC to tighten its laundering rules
BRITAIN’S financial regulator yesterday insisted on a tightening up of money-laundering compliance at HSBC after the bank confirmed that it had struck a $1.9 billion (£1.2bn) settlement with the US...
View ArticleBusiness news in brief: BDO | Greene King | Terrace Hill | Go-Ahead |...
BDO – Partners at the accounting firm have approved its merger with PKF. The deal to create a group with annual revenues of about £400 million a year is due to complete by the spring.• Greene King –...
View ArticleVirgin targets rival BA after $360m Delta deal
Virgin Atlantic is set to ramp up the pressure on rival British Airways after selling a 49 per cent stake in the business to Delta Air Lines.Delta is paying $360 million (£223.5m) for Singapore...
View ArticleCar upholstery firm goes hell for leather ahead of factory opening
CAr upholstery specialist Bridge of Weir Leather revealed an “outstanding” performance with a 30 per cent boost in sales and profits last year ahead of the opening of a new factory that has nearly...
View ArticleEuropean Union approves new common patent system
The European Union has approved a new common patent system designed to cut red tape and streamline procedures across much of Europe.The European Parliament concluded the drawn-out decision-making...
View ArticleAdvertising firm WPP returns
Shareholders in WPP have approved the advertising giant’s plans to return to the UK, four years after it relocated to Dublin in a row over taxes.The group is to set up a new parent company that will be...
View ArticleFarming: EU needs response from dairy sector says Lochhead
SCOTTISH dairy farmers were yesterday encouraged to give their views on a European Union package of measures designed to put more resilience and sustainability into their sector.Commenting on the start...
View ArticleClothing brand rapped over ad
American Apparel has been criticised by the advertising watchdog for an advert which “appeared to sexualise a child”.The Advertising Standards Authority (ASA) upheld two complaints about the advert,...
View ArticleComment: Raise a glass to Walsh’s sober financial acumen
TOO often dealmaking flamboyance trumps financial discipline in winning the plaudits. Big acquisitions, particularly of big brands, suggests big business players bestriding the world. But frequently...
View Article‘Stunning’ growth as Asos aims for global sales
BRITISH online fashion star Asos maintained a heady rate of sales growth in its first quarter, buoyed by strong trading both in its home market and overseas.The retailer, which targets young women...
View ArticleScottish Business Briefing - Tuesday December 11
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. FOOD, DRINK & AGRICULTUREIrn-Bru sales...
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