Central bank optimism lengthens odds on QE
The Bank of England looks increasingly unlikely to inject more money into the economy according to details revealed in the minutes of the latest policymakers’ meeting.The bank’s monetary policy...
View ArticleSmall firms facing £36bn shortfall from late payments
MORE than a fifth of small firms have refused to do business with customers that have failed to pay their bills on time despite late payments hitting £36 billion across the UK and causing “serious cash...
View ArticleComment: Positive job figures don’t mean worst is over
THE fall in UK unemployment in the past quarter is welcome, and in our parlous economic state we should not look a gift horse in the mouth.You can’t help it, though, there’s too much neighing going on....
View ArticleMacdonald hotel group re-enters Wales
Scottish hotel group Macdonald has returned to the Welsh market with an agreement to manage the Dragon Hotel in Swansea. The recently refurbished city centre hotel will have access to the distribution...
View ArticleEurotunnel has record traffic
The Queen’s Diamond Jubilee and London’s Olympic Games helped Channel Tunnel company Eurotunnel achieve a record year.Revenues last year increased by 14 per cent to €993.1 million (£835.4m), with...
View ArticleBusiness briefs: Simon Best | Google | Martin Glen | Spaceandpeople |
SIMON Best, the man who led the commercialisation of the technology behind the world’s first cloned mammal, has joined the board of Queen’s University Belfast spin-out PathXL.Best, who is chairman of...
View ArticleInternational Monetary Fund cuts forecast for UK and global economic growth
THE International Monetary Fund (IMF) has trimmed its forecast for UK and global economic growth this year and next.Britain’s economy will expand by just 1 per cent in 2013, according to the respected...
View ArticlePepsi signs deal to market Britvic’s Fruit Shoot in US
SOFT drinks group Britvic, shortly to merge with Scottish rival AG Barr, is to accelerate the overseas rollout of its Fruit Shoot kids drink as it recovers from a costly recall of the brand over safety...
View ArticleWinter–warming ale wins national award
A “PERFECT” winter-warming beer has won a national real ale award.The Elland Brewery, based in West Yorkshire, won the Campaign for Real Ale’s (Camra) Supreme Champion Winter Beer of Britain award for...
View ArticleOne in three card fraud victims have to wait weeks for refunds
NEARLY a third of card fraud victims have been forced to wait weeks or even months to get their cash back despite obligations on banks to refund them immediately, a consumer group has found.Some 29 per...
View ArticleScots MEPs ‘satisfied’ with CAP progress
After nine hours yesterday sorting out the European Union agricultural committee’s position on the next Common Agricultural Policy, both Scottish MEPs in the committee, Alyn Smith and George Lyon, said...
View ArticleRetailers accused of selling illegally produced pig meat
NFU Scotland leaders yesterday accused several of the major UK retailers of selling pig meat from countries which are not compliant with European Union regulations on production and challenged them to...
View ArticleGerman parent pulls out of TUI bid
PACKAGE holiday provider TUI Travel was the biggest faller on the Footsie yesterday after its German parent company abandoned plans to merge with its British subsidiary to cut costs.Hanover-based TUI...
View ArticleBarr eyes 7% rise in full-year revenues to £253m
Soft drinks group AG Barr, which is expected to complete its £1.4 billion merger with Britvic next month, today said its full-year revenues are on track to grow about 7 per cent to £253 million,...
View ArticleSuperstorm Sandy hits FirstGroup profits by $15m
Transport giant FirstGroup today said the disruption caused by “superstorm” Sandy had hit profits at its US school bus operations by $15 million (£9.5m).The Aberdeen-based group said: “The storm, which...
View ArticleScottish Business Briefing - Thursday 24 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 exports ‘rocket’ by £1.6...
View ArticleGreggs names Punch Taverns boss as new chief executive
Bakery chain Greggs today said Roger Whiteside, chief executive of pubs operator Punch Taverns, will take over as its new boss on 4 February.Whiteside, who has been a non-executive director at Greggs...
View ArticleEasyJet on track to narrow losses after strong first quarter
Budget airline EasyJet today said it expects lower half-year losses after a strong start to the ski season and record numbers of business travellers.Revenues for the three months to 31 December rose...
View ArticleApple sales fall short of Wall Street expectations
Computer and smartphone maker Apple has missed market forecasts with its first-quarter results, despite racking up sales of $54.5 billion (£34.4bn).The figures fell short of analysts’ forecasts of...
View ArticleComment: Energy boss who did well but can do no right
IT WAS inevitable that the departure of Ian Marchant as the boss of one of the country’s biggest utilities would attract negative headlines, but not because he’s done a bad job.On the contrary, the...
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