Scottish Business Briefing - Tuesday 5 February, 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 & UTILITIESScottish Gas owner...
View ArticleIrish drinks firm C&C handed penalty for breach of rules
TENNENT’s owner C&C group receieved a €90,000 (£77,600) penalty from regulators after the drinks firm failed to comply with rules designed to prevent stock market abuse.The Ireland-based company...
View ArticleBarclays ups mis-selling fund by £1bn
BARCLAYS yesterday increased its provisions to cover two mis-selling scandals by a further £1 billion.The banking giant said it will set aside a further £600 million to cover mis-sold payment...
View ArticleVirgin Media in takeover talks with US rival
VIRGIN Media, the cable television and telecoms firm, confirmed yesterday that it was in early stage talks that could see it swallowed by one of Rupert Murdoch’s fiercest rivals.Shares in the group...
View ArticleBP pledges North Sea commitment as profits dip
OIL major BP pledged its commitment to North Sea oil production yesterday after some doubts had arisen when it sold a range of British oil fields last year to the Abu Dhabi National Energy Company,...
View ArticleMarkets: Bulls back on the run as FTSE bounces
Upbeat figures from microchip maker ARM and oil giant BP helped the Footsie regain its poise yesterday.UPBEAT figures from microchip maker ARM and oil giant BP helped the Footsie regain its poise...
View ArticleEdinburgh BioQuarter gains three new tenants
FIRST Minister Alex Salmond has hailed the success of bringing businesses, hospitals and universities together on the BioQuarter site in Edinburgh after three more tenants yesterday signed up to take...
View ArticleEurozone shows recovery signs
The eurozone’s battered economy appears to be on the mend but the gulf between its two biggest members is widening, according to a survey.The research, based on business activity in January across...
View ArticleMinoan enjoys holiday booking surge
TRAVEL firm Minoan reported “very strong” trading this winter as the first batch of its automated sales booths in sub post offices helped it grow commissions by 20 per cent. The Glasgow-based group,...
View ArticleService sector bounce eases triple-dip recession fears
BRITAIN’S giant service sector bounced back into growth last month, fuelling hopes of avoiding a triple-dip recession.The latest Markit/Cips purchasing managers’ index (PMI) figures showed the highest...
View ArticleJohn Hourican expected to leave RBS
ROYAL Bank of Scotland was today expected to announce that the head of its investment bank, John Hourican, will leave the company and give up rights to around £4 million worth of share options.Hourican...
View ArticleRyanair to give Flybe cash boost if Aer Lingus bid suceeds
RYANAIR has offered fellow low-cost airline Flybe €100 million (£85.8m) in cash to take some routes off its hands if the Irish carrier succeeds in its bid for Aer Lingus.Flybe said yesterday that it...
View ArticleBaroness Kramer calls for ‘disinfectant’ from building societies
A SENIOR member of the Parliamentary Commission on Banking Standards has urged building societies to be part of the “disinfectant” to mend the excesses of the banking sector.Baroness Kramer told a...
View ArticleComment: Slowly but surely, life science sector waking up
OF ALL the sectors identified by the Scottish Government as a key industry that deserves special support, life sciences arguably represented the most challenging. It is a high-risk environment that...
View ArticleDell to leave stock market in £15bn buy-out
ENTREPRENEUR Michael Dell is taking his eponymous computer company private in a $24.4 billion (£15.5bn) deal that marks the biggest buy-out since the financial crisis.Dell’s founder and chief executive...
View ArticleBegbies grows into new base
Insolvency and business rescue specialist Begbies Traynor has moved into larger offices in Edinburgh following a doubling in its headcount.Staff numbers at the firm’s capital office have risen from ten...
View ArticleBG admits it will miss 1m barrels a day target
BG GROUP yesterday abandoned its ambitions to become a one-million-barrels-a-day oil and gas producer by 2015 as it took further stock of setbacks that have hammered its share price in the past three...
View ArticleBusiness news in brief: TGI Friday | Republic | McKay Securities
RESTAURANT chain TGI Friday’s is to create 600 jobs this year with the opening of six outlets across the country. The American-owned company said restaurants will open in Leeds next month and Glasgow...
View ArticleGlacier split carves out roles at top
Oilfield engineering firm Glacier Energy Services has unveiled a management shake-up as part of a restructuring at the Glasgow-based business.Chief executive Dave Sturrock is to become strategic...
View ArticleLacklustre day at bull sales in Stirling
THE top price for Aberdeen-Angus bulls fell far short of the 60,000gns reached 50 years ago – still a record for the breed – at the annual spring sale of bulls yesterday at Stirling.Buyers from the USA...
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