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Waitrose toasts best Christmas
Supermarket chain Waitrose has hailed its “most-successful Christmas on record” after its brand price matching campaign boosted takings.The retailer, which is owned by the John Lewis Partnership, said...
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Scotch whisky generates more value than City
scotch whisky is now worth more than £4 billion to the Scottish economy and generates greater productivity than the City of London, independent research will assert today.The report, Scotch Whisky...
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Spring can’t come early enough for livestock
Livestock farmers will be looking for an early spring and early grass growth next year to help eke out scarce winter feed supplies following this year’s disastrous summer and autumn.Silage on many beef...
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Tax boost may not apply to farmers
It MAY have seemed like good news for farmers when the Chancellor made his Autumn Statement to the effect that the annual investment allowance for expenditure on plant and machinery would increase to...
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Toyota shares rise after $1.1bn deal to settle US car safety cases
Toyota has agreed to pay an estimated $1.1 billion (£700 million) to settle US lawsuits relating to the biggest safety crisis in its history.Shares in the Japanese car giant rose yesterday as investors...
View ArticleScandal-hit banking sector faces more shame as regulators impose penalties
AS IF the public needed further excuse to bash the banking industry, a series of jaw-dropping scandals over the summer has left the sector with an even greater mountain to climb to restore its tattered...
View ArticleBusiness briefs: Entertainment One | Autonomy | Dexia | Landesbank...
THE film distributor behind the Twilight series yesterday revealed non-executive director Robert Lantos sold shares worth more than £500,000.Canada-based Entertainment One – which is also distributing...
View ArticleLosses widen at MBL after integrating Tom Hunter’s businesses
LOSSES at entertainment wholesaler MBL Group widened after the Lancashire-based firm began integrating the businesses it bought from Flying Brands, the Jersey-based mail order company being...
View ArticleRetirement is the priority for high net worth savers
NEARLY half of rich investors say that their financial priority is to “protect their wealth in order to afford a comparable lifestyle throughout their retirement”, according to a new survey.Financial...
View ArticleAngel Biotechnology sets a date to sign Russia joint venture deal
LIFE sciences firm Angel Biotechnology expects to seal its joint venture (JV) deal with Russia-based Materia Medica Holdings (MMH) in mid-January, the Edinburgh-based company revealed...
View ArticleStruggling firms kept alive by ‘patient’ banks and creditors
SIGNIFICANT numbers of Scottish businesses are surviving only because they are not being forced to repay their debts, leaving the economy susceptible to sluggish growth for the foreseeable future.New...
View ArticlePearson’s $90m stake in Nook
PENGUIN books publisher Pearson yesterday bought a 5 per cent stake in the company behind the Nook e-book reader for $89.5 million (£55.5m).New York-listed retailer Barnes & Noble has placed its...
View ArticleMining giant Lonmin on hunt for boss as Ian Farmer steps aside
LOMNIN, the embattled mining group, has begun the search for a new chief executive after confirming that its boss of four years has stepped down due to ill health.The London-listed firm, which has been...
View ArticleComment: Scotland says its prayers for economic boost
WHAT’S in store for the Scottish economy in 2013? All the local forecasters agree growth will be up next year, admittedly from a low base in 2012 when the UK as a whole struggled to escape double-dip...
View ArticleHoward Archer: ‘Impact of loss of AAA rating limited’
SUBDUED growth next year is likely to see one of the three main ratings agencies strip the UK of its AAA credit rating next year, a top City economist has warned.Such an outcome would be highly...
View ArticleProfits under pressure at Graham’s as customers shop for special offers
PROFITS at dairy operator Graham’s melted last year as cost pressures and aggressive pricing tactics squeezed margins at the family-owned firm.The Bridge of Allan-based company said it has managed to...
View ArticleBridge Energy’s Victoria field restarts gas pumping
GAS has started to flow again from the Victoria field in the North Sea, which is operated by Aberdeen-based Bridge Energy.Production at the field, which lies in the southern sector of the North Sea off...
View ArticleEdible exports
Food and drink exports from Scotland totalled an “impressive” £5.26 billion last year.Rural Affairs secretary Richard Lochhead said the sector had made a “significant contribution to our economy during...
View ArticleChristmas pushes up insurance value
Families are being warned to review their home contents insurance after research found that the value of their possessions increases by about £700 over Christmas. The average household spent about £502...
View ArticleOlympics bring petrol sales down
A REDUCTION in car travel during the summer Olympics period contributed to a reduction in petrol purchasing in the first nine months of the year.The equivalent of five days of petrol consumption was...
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