Sale of patents nets Kodak $525m as it eyes bankruptcy exit
EASTMAN Kodak has taken a key step towards emerging from bankruptcy protection next year after agreeing to sell its digital imaging patents for about $525 million (£322.6m).The deal was reached with a...
View ArticleLocal plan for delivery network
LOCAL Letterbox, a new parcels delivery company, said it has attracted interest from more than 300 potential franchisees since its launch just two weeks ago.Set up on the back of the growing online...
View ArticleBusiness briefs: Condies | Cupid | Stagecoach
Condies, the business advisory and accountancy firm, has bolstered its headcount with the appointment of a VAT strategist.Lynn Gemmell is joining the practice from Edinburgh-based peer Chiene &...
View ArticleFTSE rallies but cliff face still worries Wall St
THE stock market rally continued yesterday with traders eyeing a push through the 6,000 mark for the FTSE 100 if a deal to avert a “fiscal cliff” in the US can be agreed in the next few days.Britain’s...
View ArticleMEPs in amendment compromise that could herald agreement over CAP reform
THE European Parliament is close to reaching a negotiating position on reform of the Common Agricultural Policy (CAP) after its agricultural committee whittled down 7,500 individual amendments to the...
View ArticleUnion fury over code ‘procrastination’ from processors
NFU Scotland is calling for legislation to introduce compulsory milk contracts following what it calls the continued “procrastination” of milk processors in failing to implement the voluntary code of...
View ArticleWood Mackenzie urges caution over shale as Weir ups presence
SCOTTISH energy consultancy Wood Mackenzie has urged caution on the commercial viability of shale gas in the UK.In a study of prospects for the industry, it claimed there were a number of obstacles to...
View ArticleProfits double at Dundee ATM software firm I-Design
I-Design, the Dundee-based maker of software that allows ATM operators to display adverts on their machines, has seen its full-year profits more than double despite a 7 per cent dip in revenues.The...
View ArticleSerco confident of delivering strong full-year growth
Outsourcing specialist Serco, which took over the running of the Northern Isles ferry service in July, today said it remains on track to deliver “strong” growth this year.The firm had faced the...
View ArticleScottish Business Briefing – Wednesday 20 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.ENERGY & UTILITIESScotland ‘will be poorer...
View ArticleKey role for Sir Peter Burt as Vince Cable promises Business Bank will aid...
BUSINESS Secretary Vince Cable yesterday promised the coalition’s new £1 billion Business Bank would “significantly improve” competition in lending available to firms as he confirmed that retired...
View Article‘Significant’ Asha oil find helps to raise Bridge shares
SHARES in Bridge Energy, the Aberdeen-based explorer, rose by more than 5 per cent yesterday after the firm said it had made a “significant” oil discovery in the Norwegian sector of the North Sea.The...
View ArticleLibor fixing ‘may cost Freddie Mac and Fannie Mae $3bn’
THE rate-rigging scandal that has led to record fines for Barclays and UBS could have caused more than $3 billion (£1.8bn) in losses at US mortgage finance giants Fannie Mae and Freddie Mac, according...
View ArticleBusiness briefs: Santander | EnerMech | I-Design | Celebrity pub sold
SANTANDER has agreed to sell its portfolio of UK retail store cards, including those issued by Top Shop and Debenhams.The UK arm of the Spanish bank said it had reached an “agreement in principle” to...
View ArticleLosing its sparkle: Up-market jeweller Theo Fennell hit by Olympics
THEO Fennell, the luxury jewellery business, saw its half-year sales hit by the Olympics, with shoppers staying away from its flagship London stores.The retailer, whose customers have included Victoria...
View ArticlePaper firm Tullis Russell in biomass deal as energy costs push it into red
TULLIS Russell, the employee-owned paper maker, has warned that tough market conditions are likely to continue next year after rising raw material costs and energy bills pushed the firm into the red.In...
View ArticleFlat retail sales a poor omen for Q4
RETAIL sales were flat last month according to official figures, adding to concerns that the wider economy may contract in the final quarter of 2012.Sales volumes, including fuel, were stagnant...
View ArticleEurope must complete work to end crisis
EUROPE must complete its plan to create a banking union, improve stress testing of lenders and separate bank and sovereign risk to overcome the debt crisis, the IMF said yesterday.In an assessment of...
View ArticleCapital is poor relation as Scots hotels prosper
SCOTTISH hotels outperformed their counterparts south of the Border in October, with both revenue and occupancy levels returning to growth.Figures from accountancy firm PKF show occupancy at three and...
View ArticleLittle prospect of building a positive view of 2013 says construction sector
Scotland’s construction sector remains stuck in the doldrums with little prospect for a recovery in the year ahead, a bleak report today warns.The Scottish Building Federation’s (SBF) latest...
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