Profit warning rocks Aggreko
AGGREKO, Scotland’s fourth-largest listed company, saw more than £1.2 billion wiped off its stock market value yesterday after warning of a “double whammy” in the year ahead.The withdrawal of US troops...
View ArticleScottish Business Briefing - Monday 17 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. BANKINGRBS could face £350m fine from US...
View ArticleOmega secures Chinese approval for food allergy test
SHARES in medical testing kit maker Omega Diagnostics jumped by 8 per cent yesterday after the Alva-based company was granted permission to sell its food intolerence testing kit in the massive Chinese...
View ArticleSSE buys stake in gas field from BP for £177m
SCOTTISH Hydro owner SSE has struck a $288 million (£177m) deal to buy BP’s 50 per cent stake in a North Sea gas field.The Perth-based utility firm said the agreement to buy the interest in the Sean...
View ArticleDana gets go-ahead for $1.6bn North Sea project
Dana Petroleum has been given the green light to press ahead with a $1.6 billion (£988 million) project to develop two oil fields in the North Sea.The Aberdeen-based firm said the Department of Energy...
View ArticlePinnacle expands senior team as it aims to sell more services to clients
PINNALCE Technology said yesterday that it had hired two new executive managers to support its strategy of widening the range of products it sells.Communications veteran Simon Poole will be responsible...
View ArticleBusiness news in brief: J Smart | FSA | Morris & Spottiswood | Comet
J SMART, the Edinburgh-based construction group, continues to expect underlying profits for the current year will be less than last year.In a trading update for the period since 1 August, the company...
View ArticleKCA wins fresh work with oil giant Statoil
scottish driller KCA Deutag has won more work with Norwegian oil giant Statoil after another contractor called it in to upgrade a platform.Aberdeen-based KCA said the latest three-year contract was...
View ArticleComment: Banks should be ring–fenced and not split up
BATTLE lines are being drawn ahead of this week’s report from the Parliamentary Commission on Banking Standards, amid rising speculation that more-radical restructuring proposals will be...
View ArticleFashioning growth but H&M trails bigger rival Inditex
Revenue at the world’s second-largest fashion retailer, Hennes & Mauritz (H&M), rose by 10 per cent this year, lagging forecast growth at larger rival Inditex, which is less exposed to the...
View ArticleEx-Olympics HR chief takes over seat from Anna Ford on Sainsbury’s board
Jean Tomlin, who oversaw the recruitment of 70,000 volunteers for the London Olympics, is to join Sainsbury’s as a non-executive director next month, replacing former newsreader Anna Ford.The...
View ArticleRents on the rise despite wet year playing havoc on farms
The weather in 2012 might have been pretty awful but this has not stopped a continued rise in the rents paid for Scottish farms. According to leading property consultants, Smiths Gore, an analysis of...
View ArticlePlans for biggest wind farm shown
ScottishPower and Swedish partner Vattenfall have submitted plans to build the world’s largest wind farm off the coast of East Anglia.The companies’ joint venture, East Anglia Offshore Wind (EAOW),...
View ArticleClosing courts ‘will add to pressure on troubled Scottish town centres’
Plans to close 11 sheriff courts throughout Scotland have been criticised for failing to take account of their impact on local traders, with business leaders warning that the move is at odds with...
View ArticlePublisher sold in £666k deal
Publishing and events company Holyrood Communications changed ownership for the second time in as many months yesterday, in a move that revealed the business was valued at up to £666,000.The...
View ArticleAAM boardroom pay-out tops £13m for second year running
EXECUTIVE directors at Aberdeen Asset Management, Scotland’s best-paid plc board, have shared a £13 million-plus salary and bonus pay-out for the second year running.The fund manager’s annual report...
View ArticleMoredun’s role uniquely Scottish but it has developed global reach
IN ANIMAL health matters, the reputation of the Moredun Institute travels globally into most countries where livestock form a part of food production.Yesterday Professor Julie Fitzpatrick, the chief...
View ArticleDundee and M-Squared set sights on smaller lasers
A TEAM of Scottish scientists and engineers has secured a share of £1.2 million in European Commission (EC) funding to make smaller and cheaper lasers.Glasgow-based technology outfit M-Squared Lasers...
View ArticleMarkets: BSA’s take-off fails to give FTSE a lift
NEWS that British Airways owner IAG had struck a deal to buy runway slots from Aer Lingus helped it top the blue chip risers’ board yesterday.The airline group also benefited after the threat of...
View ArticleLast 49 Comet stores close
Comet’s last remaining stores trade for the final time today, as the high street spending slump claims another high-profile casualty.The closure of the final group of 49 stores from the former...
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