Barclays aims for ethical edge as it confirms Sants as compliance chief
BARCLAYS has confirmed that former financial services watchdog Hector Sants will be joining the bank in an effort to boost its regulatory compliance oversight in the wake of having to pay hundreds of...
View ArticleEx-Comet owner Darty continues to feel the consumer squeeze
ELECTRICALS retailer Darty, which sold the collapsed Comet chain for £2 in February, has pledged to eliminate losses at its non-core operations after falling into the red during the first half.The...
View Article£1m funding will allow Omega to expand production and jobs
Medical testing kit maker Omega Diagnostics has secured £1 million from its bankers to expand manufacturing and add jobs.The Alva-based firm said it would extend its overdraft to £1.7m, on the same...
View ArticleWood Group shares slide on update
SHARES in Wood Group, the Aberdeen-based oil services group, were the biggest faller in the FTSE 100 today, down 4.6 per cent, after analysts said a trading update hinted at caution for 2013.The...
View ArticleOlympics help Sports Direct to record profit
MIKE Ashley’s sportswear empire jumped to a record profit today after enjoying a “significant” sales boost from the London Olympics and Paralympics.Sports Direct International, which is majority owned...
View ArticleScottish Business Briefing - Thursday December 13
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. INDUSTRYWood Group sees “good growth”...
View ArticleEurope agrees single banking supervisor
European leaders are poised to single eurozone banking supervisor after marathon talks resulted in agreement between EU members.An early-hours accord between EU finance ministers meeting in Brussels...
View ArticleScottish spin-outs buck life sciences trend
Scotland’s life sciences sector is bucking the UK trend by increasing the number of companies spinning out from universities, according to a report published today.The number of university spin-outs...
View Article12 days to Christmas crucial for HMV
STRUGGLING retailer HMV has “12 critical days” to pull in Christmas sales and avoid a breach of its banking agreements, its new boss warned today.Chief executive Trevor Moore, who joined the...
View ArticleFormer Bank high-flyer takes the chair at Royal London
Royal London, the life and pensions giant that owns Scottish Life, has recruited a former deputy governor of the Bank of England as its new chairman.Rupert Pennant-Rea will succeed current chair Tim...
View ArticleEndless backs management deal to save jobs at Vion
MORE than 4,000 jobs have been saved after private equity firm Endless backed a management buy-out of Dutch group Vion’s UK pork operations.The Leeds-based investment house – which specialises in...
View ArticleManufacturing remaining flat
Manufacturers continued to record below-average order books in December, a survey showed yesterday, although the figures improved for the third month in a row. In the CBI’s final industrial trends...
View ArticleDavid Turner: Less red tape means more business getting done
The Scottish Government has continually underlined the importance it is placing on the soon to be introduced Better Regulation Bill.Let’s hope it really does take the hassle out business regulation –...
View ArticleEU agrees deal over supervision of banks in eurozone
European governments yesterday reached a landmark deal on new rules to supervise some 200 banks based in the eurozone in a bid to boost confidence in the sector.The agreement to hand the European...
View Article£48bn commercial loans in trouble
UP TO £48 billion worth of loans backing UK commercial property are in breach of financial covenants or in default, according to a report by De Montfort University. Researchers warned that the...
View ArticleWorrying rise in attacks on sheep by dogs
ATTACKS on sheep by out-of-control dogs is on the increase in the Lothians and Borders, with the National Farmers Union receiving a number of calls from members whose sheep have either been attacked or...
View ArticleScots firm wins ferry contract for London
SCOTTISH contractor Briggs Marine is to take over the historic Woolwich Ferry service that has operated across the River Thames in London since 1889.The seven-year contract from Transport for London...
View ArticleDouble boost for EnerMech’s acquisition move
ENGINEERING services firm EnerMech is set to hit the acquisition trail following a £25 million private equity injection and the appointment of corporate finance specialist Ingrid Stewart.The...
View ArticleGet online to cut bureaucracy, farmers are urged
Farmers have been urged to make good use of their time and help save time in the future by contributing their thoughts on how to cut the mountain of paperwork and regulation their businesses face.The...
View ArticleComment: Entertainment value of HMV sadly diminished
SOMETIMES it feels like tottering entertainment retailer HMV has hardly left the intensive care ward in recent years. Serial restructuring has been the name of the game, as its lunch has been eaten by...
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