Banks to be broken up if they break “ringfence”
BRITAIN’S biggest banks will face complete separation if they flout new rules to ring-fence risky operations from savers’ deposits, the Chancellor will announce today.• Bank of England to be given the...
View ArticlePhoto-Me to return £11m to shareholders
Photo booth operator Photo-Me International has unveiled plans to return £11 million to investors through a special dividend.The firm said the payment, of 3p per share, will be made in March and said...
View ArticleAggreko keeps the lights on for Super Bowl broadcasters
Fans may have been left in the dark when a power cut at the New Orleans Superdome halted last night’s Super Bowl clash between the Baltimore Ravens and San Francisco 49ers, but it emerged this morning...
View ArticleBarclays begins search for new finance chief
Banking giant Barclays is facing more boardroom upheaval after announcing that its finance director since 2007 is to leave the group.Chris Lucas will remain in the post until the lender finds a...
View ArticleScottish Business Briefing – February 4th 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. TECHNOLOGYSkyscanner takes battle for flight...
View ArticleMarkets: Ringfence and eurozone hit Footsie
A RAFT of factors – including political turmoil in the eurozone and George Osborne’s “electric ringfence” for the banks – conspired to push the FTSE 100 index into its biggest single-day points fall...
View ArticleCrowdfunding website approved by FSA
THE City watchdog has for the first time approved a “crowdfunding” website that allows members of the public to take a direct stake in small unlisted companies.Now that the Crowdcube site is regulated...
View ArticleComment: Don’t overlook the importance of the middle
THE recognised mantra is that small firms create the bulk of jobs and are the engine of the economy.Too often, however, we neglect the “M” in SME – the medium-sized firms that are said to account for a...
View ArticleSSE raises concerns over renewables jobs
POWER company SSE and trade union Unite have warned that thousands of jobs could be put at risk by uncertainty over UK government plans for a major shake-up of the energy market.The Perth-based utility...
View ArticleBusiness news in brief: Johnston Press | CSL | Global Energy Group
NEWSPAPER publisher Johnston Press has promoted Richard Bogie to the newly-created position of group advertising sales director.Bogie – who was previously advertising sales director for Johnston Press’...
View ArticleMurgitroyd eyes overseas growth as profits rise
PATENT attorney Murgitroyd is poised to grow its operations in France and the US after delivering a rise in first-half profits.The Glasgow-based firm, which has 15 offices across eight countries, is...
View ArticleOil industry and accountants enjoying salary growth
ACCOUNTANTS and professional staff in the oil and gas industry are enjoying strong salary growth, according to two surveys published yesterday.The latest Oil and Gas Global Salary Guide shows that...
View ArticleScottish Gas owner Centrica backs out of nuclear deal
SCOTTISH Gas owner Centrica is withdrawing from plans to build nuclear power stations with partner Electricite de France, and will instead return £500 million to shareholders.Centrica had the option of...
View ArticleCalls for big firms to pay bills faster
LARGE Scottish contractors paid their suppliers two days earlier on average in 2012 than they did in 2011, new figures published yesterday showed, but campaigners warned bills are still not being...
View ArticleAntonio Horta-Osorio facing fight over Lloyds bonus
LLOYDS Banking Group’s chief executive yesterday risked an onslaught of public criticism after refusing to rule out taking his annual bonus.Antonio Horta-Osorio and his chairman, Sir Win Bischoff, told...
View ArticleHigh street sales enjoy ‘encouraging’ rise
HIGH street retailers have enjoyed an “encouraging” start to the new year, with last month’s sales rising at their fastest pace since December 2011 despite much of the country being hit by heavy...
View ArticleCBI launches new scheme to boost mid-size firms
A PROGRAMME aiming to boost the prospects of medium-sized firms launches today in an effort to replicate the success of the German Mittelstand.The CBI has formed a series of M-Clubs, which will offer...
View ArticlePutting industry’s message across to EU chiefs
With the European Union heads of state likely to come to an agreement on the budget this coming weekend, farming lobbies in Brussels are holding a major rally tomorrow to highlight their concerns.In a...
View ArticleScanning pregnant ewes is ‘crucial’ says SRUC
Sheep experts at Scotland’s Rural College (SRUC) have advised farmers with pregnant ewes to get them scanned to tell which ewes are carrying single lambs, twins or triplets.Sheep experts at Scotland’s...
View ArticleArtificial grass woes hit Low & Bonar profits
Materials maker Low & Bonar, which began life 100 years ago as a Dundee jute weaver, has reported a sharp drop in full-year profits after being hit by a slowdown in demand for artificial grass.As a...
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