Markets: Sound of sleigh bells heard in City
TRADERS began to jingle their sleigh bells and whisper about a the traditional Christmas “Santa rally” yesterday as the Footsie continued to eye the 6,000-mark.Despite London’s benchmark index closing...
View ArticleSir Bill Gammell’s family sells Cairn stake
CAIRN Energy founder Sir Bill Gammell, pictured, has seen his family’s stake in the Edinburgh oil and gas explorer more than halve after selling over £1.7 million worth of shares.The former Scottish...
View ArticleEntrepreneur settles Elephant case
FORMER Scottish Entrepreneur of the Year Rabinder Buttar has settled a multi-million pound legal dispute with a private equity firm over an investment in her company.Elephant Capital had invested £8...
View ArticleBusiness briefs: Brewdog’s Brum bar opens its doors | Miller Construction |...
BrewDog, the Fraserburgh-based brewer, has officially opened its tenth UK “craft beer bar”, in Birmingham.The new pub will be the last opening of 2012, a year in which BrewDog has launched five...
View ArticleEnvestors helps electronic receipts firm raise £1m
Braveheart, the Perth-based investment group, today said its Envestors subsidiary has raised £300,000 for Paperless Receipts as part of its £1 million second-round fundraising.Paperless Receipts is the...
View ArticleScottish stores return to growth as John Lewis sales jump 15%
Department store group John Lewis today said all three of its Scottish branches enjoyed rising sales last week, as Glasgow led the way with a 13.1 per cent increase.The employee-owned retailer said...
View ArticleScottish Business Briefing - Friday 14 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. TECHNOLOGYScottish spin-outs buck life...
View ArticleUBS faces $1 billion Libor settlement
Swiss bank UBS is expected to be landed with a $1 billion (£620 million) bill to settle claims that it rigged Libor.Sources said the announcement could come as early as Monday, making the group the...
View ArticlePunch puts its faith in plan to sell 400 pubs as income falls
PUNCH Taverns, the UK’s largest pubs operator, has seen a decline in trading at is 3,000-strong core estate but said plans to sell off about 400 underperforming sites by the end of the financial year...
View ArticleLaura Ashley sets the pattern with rising profits and overseas surge
FASHION and furnishings retailer Laura Ashley is poised to deliver increased profits this year after reporting an acceleration in sales growth since the start of its second half, boosted by rising...
View ArticleBusiness news in brief: OFT | Digitonic | Insurance Australia Group | Virgin...
BRITAIN’S competition watchdog has cleared the London Stock Exchange’s planned purchase of clearing house LCH Clearnet as both parties hammer out new deal terms to reflect rising capital...
View ArticleNationwide pulls out of bidding for RBS branches
Nationwide has ruled itself out of the race to acquire 316 branches being sold by Royal Bank of Scotland, but Sir Richard Branson’s Virgin Money and US private equity firm JC Flowers have submitted...
View ArticleRosslyn’s Da Vinci dividend
THE trust responsible for Rosslyn Chapel, one of Scotland’s most historic attractions, has seen its income rise on growing visitor numbers.In the year to 31 March, 140,000 people visited the Midlothian...
View ArticleBed & Bookings: Online firm replaces VisitScotland
AN ONLINE booking service for bed and breakfasts (B&Bs) aims to grab a larger slice of Scotland’s £11 billion tourism market after taking over services from VisitScotland this...
View Article‘End of the paper receipt’ hailed as Braveheart funds ‘eReceipts’ firm
SOFTWARE that has been hailed as “the end of the paper receipt” is set to be rolled-out by one of the UK’s biggest supermarket chains after investment manager Braveheart led a £1 million fund-raising...
View ArticleShetland Catch caught out
FISH processor Shetland Catch posted a 46 per cent plunge in turnover after its markets were flooded with cheaper mackerel from rivals in the Faroe Islands, according to accounts filed at Companies...
View ArticleCredit squeezing hope of recovery for UK economy
Scarce credit and fears about the cost of future borrowing may be holding back the UK’s economic recovery, monetary policy committee member Martin Weale said in a speech yesterday.Addressing a meeting...
View ArticleEdrington and Beam toast Maxxium
DRINKS distributor Maxxium is toasting a leap in profits as connoisseurs across the Americas, Asia and Europe continue to sate their thirst for “core brands” including Famous Grouse whisky and Jim Beam...
View ArticleComment: Carney can’t repeat Canadian trick in London
MARK CARNEY has not even taken up residence at the Bank of England yet but already he is stirring up controversy – not what central bankers are supposed to do.Carney is proposing a new mandate for the...
View ArticleIndustry with little to build on as public sector cuts bite
PUBLIC spending cuts have left Britain’s builders facing a harsh winter despite a rare jump in construction output in October.Official figures published yesterday showed that output grew 8.3 per cent...
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