Grocers gear up to reveal festive figures
BRITAIN’S biggest publicly-quoted supermarket groups will reveal the winners and losers in the festive food retailing battle this week, with Tesco, Sainsbury’s and Morrisons all reporting.In addition,...
View ArticleBusiness news in brief: Apollo | Air France-KLM | Eurozone banks | Scottish...
AMERICAN private equity fund Apollo is believed to be planning to swoop on more debt owed by struggling high street retailer HMV.The so-called “vulture fund”, which has raised a £2 billion warchest to...
View ArticleFinance directors optimistic, but caution remains
OPTIMISM among finance directors at Britain’s biggest companies has risen for the second quarter running after the chances of the eurozone breaking up diminished, according to a survey by accountancy...
View ArticleComment: Scotland is out of step with the world view on GM food
WITH the demise of major agricultural institutions such as the Royal Show and Smithfield and with the arrival of devolution, the excuses for the Scottish farming press to voyage south have been...
View ArticleScottish salmon continues to make a splash in the Far East
CUSTOMERS in China are continuing to develop a taste for Scottish salmon after official data showed exports to the Far East have hit a record.More fish was sent to Asia in the first ten months of last...
View ArticleInterview: Mark Florman of the British Private Equity & Venture Capital...
Nearly two-thirds of the total amount invested by the UK’s private equity players and venture capitalists is currently estimated to be overseas.Even given the UK’s uncertain economic and bank lending...
View ArticleMorrisons reports disappointing Christmas sales
Supermarket chain Morrisons admitted today that its Christmas sales were below par after feeling the heat from rivals in a “highly promotional” market.The UK’s fourth-biggest grocer, which employs...
View ArticleEland eyes restart of Nigerian production
Africa-focused oil and gas firm Eland today said it is aiming to produce 2,500 barrels of oil a day from its operations in Nigeria before the end of the first quarter.The Aberdeen-based firm, which...
View ArticleVimto maker Nichols shrugs off poor weather as sales rise
Soft drinks group Nichols today said its total sales for the year to 31 December rose 9 per cent to £108 million, despite tough trading conditions caused by the record wet weather, and its profits...
View ArticleScottish Business Briefing - Monday 7 January, 2013
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. ECONOMICSSmall firms still aiming to invest...
View ArticleBridge seeking acquisitions as it expands Norwegian drilling
Bridge Energy, the Aberdeen-based oil and gas explorer, today said it continued to seek acquisition opportunities as it announced plans to drill three exploration wells this year.The group, which is...
View ArticleBalfour Beatty chief to quit after eight years at the helm
Construction group Balfour Beatty has announced that chief executive Ian Tyler is to step down at the end of March, handing over the reigns to his deputy, Andrew McNaughton.Tyler said: “After eight...
View ArticleScottish Business Briefing - Tuesday 8 January, 2013
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 & UTILITIESTrap Oil plucks Orchid...
View ArticleOnline sales prove crucial as Christmas delivers for Debenhams
DEBENHAMS was the pick of the bunch of another flurry of festive trading results, with the department store group the latest to hail its online performance as the star turn.The group said that sales at...
View ArticleFarley to check out of Persimmon after 30 years with housebuilder
Persimmon chief executive Mike Farley is retiring after almost 30 years with the UK’s largest housebuilder, which yesterday said it had enjoyed a 12 per cent rise in revenues last year.Farley, who has...
View ArticleNew chairman at Pinnacle as Bill Allan retires
Pinnacle Technology today said that chairman Bill Allan is to retire in March and will be replaced by industry veteran James Dodd.Dodd, who is a member of the advisory board at stockbroker Oriel...
View ArticleSkyfall helps Cineworld deliver higher revenues
Cinema operator Cineworld, which last month bought the art-house chain Picturehouse in a £47.3 million deal, today said releases such as The Hobbit and the latest instalment in the James Bond franchise...
View ArticleAdjudicator to help ‘struggling pubs’
Business secretary Vince Cable today unveiled plans to appoint an “independent adjudicator” to settle disputes over beer prices and rents between publicans and their pub companies.Cable said he will...
View ArticleInvestors back Barr and Britvic merger
Shareholders in Irn Bru maker AG Barr and Pepsi bottler Britvic today gave the green light for the firms to merge.Investors at general meetings held by each company gave the go ahead for the deal,...
View ArticleRonaldo scores advertising transfer with placement at world’s top agency
FORMER Brazilian footballer Ronaldo has secured his latest transfer with a move to London to study advertising under the wing of WPP supremo Sir Martin Sorrell.WPP confirmed the World Cup winner is to...
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