Manchester United buys out BSkyB in MUTV deal
MANCHESTER United has taken full ownership of its in-house television channel by buying out a minority stake held by pay TV broadcaster BSkyB.MUTV was set up as a three-way joint venture in 1998...
View ArticleScottish brewery lands Burns Night contract
A SCOTTISH brewery is raising a glass to the national bard after landing a deal to supply a national supermarket chain with two of its beers for Burns Night.Traditional Scottish Ales, based at Throsk...
View ArticleFive arrested in Financial Services Authority dawn raids
TWO men and three women were arrested yesterday as part of an investigation into insider dealing and market abuse.The arrests were made after the Financial Services Authority (FSA) and police swooped...
View ArticleScottish surveys show recovery losing steam
SCOTTISH businesses are not expecting their prospects to improve any time soon, according to a raft of surveys pointing to sluggish activity.The key services sector will remain in the doldrums this...
View ArticleComment: Carney faces choice after King’s history lesson
THERE were no warm words of welcome last night for his successor, but Sir Mervyn King, the outgoing governor of the Bank of England, offered some veiled advice to Mark Carney over his controversial...
View ArticleMEPs settle in for drawn-out CAP debate
MEPs on the European Parliament agricultural committee face a marathon session today as they attempt to convert their 7,600 amendments to the European Commission’s proposals to reform the Common...
View ArticleTurnaround firm Hilco picks up HMV debt to give retailer hope
COLLAPSED retailer HMV has been “stabilised” after Hilco UK acquired its debt from lenders, sources close to the deal have confirmed. Hilco, which acquired HMV Canada in 2011 and salvaged home goods...
View ArticleExtract Petroleum brought in by Trap to look for oil off Shetland
NORTH Sea driller Trap Oil has become the latest explorer to ramp up activity in UK waters by drafting in Extract Petroleum to help it look for oil in acreage to the east of Shetland.The Aim-quoted...
View ArticleWeir climbs on US rival’s coat-tails
PUMPS and valves maker Weir Group enjoyed share price gains yesterday after a US peer guided profit expectations higher.The Glasgow-based company added 18p to hit 1,968p after Gardner Denver, a rival...
View ArticleBritvic points to Shoots of growth
Britvic, the soft drinks firm which is in the process of merging with Irn-Bru maker AG Barr, has reached an agreement with Pepsi to speed up the roll out of its Fruit Shoot brand.Britvic was hit by the...
View ArticleFlybe sets new course with management shake-up
Regional airline Flybe will cut management numbers at its UK business by 20 per cent in order to meet new profitability targets it set itself today. The carrier, led by Scots-born chairman and chief...
View ArticleWS Smith focuses on margins as sales fall
WH Smith hailed its resilience today as departing chief executive Kate Swann continued the retail chain’s focus on profitability over sales.Like-for-like revenues fell 5 per cent in the 20 weeks to 20...
View ArticleSir Mervyn King: Bailed-out banks back in private sector soon
THE Governor of the Bank of England last night said that RBS and Lloyds Banking Group would be back in the private sector in a “relatively short period”.At a speech in Belfast, Sir Mervyn King said...
View ArticleScottish Business Briefing - Wednesday 23 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. ECONOMICSScottish surveys show recovery...
View ArticleBank of England minutes show new optimism
The Bank of England’s monetary policy committee (MPC) hailed a “modest improvement in global growth prospects” as it overwhelmingly voted to keep interest rates and QE on hold again this month. Members...
View ArticleSSE’S Ian Marchant to step down
The boss of one of the UK’s biggest energy companies announced plans to quit the business today after more than ten years at the helm.Ian Marchant, who joined Perth-based SSE in 1998 when it was formed...
View ArticleMESL Microwave reaches for the stars as Scotland’s exports grow to £24bn
FIRST Minister Alex Salmond yesterday hailed the success of a Scottish engineering company that has won contracts from Nasa, as he unveiled “rocketing” national export figures.Edinburgh-based MESL...
View ArticleShops closing at record rate as half of stores plan to axe more workers
BRITAIN’S shops are shutting at a record rate and the collapse of Blockbuster, HMV and Jessops will make the situation even worse in the coming months, according to data published today.The number of...
View ArticleIan Marchant to step down from SSE after a decade at the controls
IAN Marchant, the head of SSE, is to leave the energy giant after more than ten years overseeing significant growth.Since becoming chief executive of the Perth-based utility in 2002, the company’s...
View ArticleUnilever beats expectations to delight City
FLORA and Hellmann’s firm Unilever yesterday defied “sluggish” European trading as itdelivered results ahead of City expectations.Shares in the London-listed consumer goods giant rose 3.1 per cent...
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