Burberry shakes up management team
Luxury goods group Burberry has shaken up its senior management team, replacing its chief financial officer and creating the new role of chief operating officer.The firm said Stacey Cartwright, who has...
View ArticleTUI buoyed by strong summer holiday demand
Thomson and First Choice holiday operator TUI Travel has seen improved demand for package holidays this summer, despite higher average prices.The group said it had already sold more than a third of its...
View ArticleScottish Business Briefing - Thursday 7 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. BANKINGRBS Libor: Shamed bank to pay fine...
View ArticleScotland wins share of £169m drug discovery drive
Scotland’s life sciences sector is to share in a 196 million euro (£169m) European Union-funded drug discovery programme that will examine 500,000 chemical compounds to see if they can be used to make...
View ArticleCantor Fitzgerald seeking to rescue Seymour Pierce
American financial services group Cantor Fitzgerald is nearing a deal to secure the future of Seymour Pierce, one of the City’s oldest stockbrokers.It is understood that an announcement could come as...
View ArticleComment: Mark Carney wins them over by keeping it flexible
IF MARK Carney, governor-designate of the Bank of England, wants a change in the institution’s monetary policy to give economic growth equal priority with inflation control, he wants it done...
View ArticleBoth sides seeking the farming vote in independence campaign
The battle for the votes of the Scottish farming industry on the independence referendum moved into action yesterday with two of Scotland’s MEPs, George Lyon and Alyn Smith, taking up positions in...
View ArticleHMV suffers wipe-out in capital as administrator culls stores
MORE than half of Scotland’s remaining HMV stores will close within the next two months as part of a UK-wide cull that administrators hope will secure a rescue deal for the stricken music...
View ArticleFears of triple-dip fade as manufacturing gears up
OUTPUT from Britain’s manufacturing sector grew at twice the rate economists had expected in December, raising hopes that the UK may avoid a triple-dip recession in the spring.Figures from the Office...
View ArticleCantor Fitzgerald bids to rescue Seymour Pierce
American financial services group Cantor Fitzgerald is nearing a deal to secure the future of Seymour Pierce, one of the City’s oldest stock-brokers.The two firms are believed to have been locked in...
View ArticleAviva’s Trevor Matthews heading for the exit door
TREVOR Matthews will be returning to his homeland of Australia after being restructured out of a job at insurance giant Aviva. In a boardroom shake up, Matthews, currently Aviva’s executive director of...
View ArticleECB clearance of Anglo Irish Bank deal ends ‘sad chapter’ for Ireland
The European Central Bank (ECB) yesterday cleared a deal to liquidate the former Anglo Irish Bank and ease the €28 billion (£24bn) debt burden from its nationalisation.The Republic of Ireland’s...
View ArticleBusiness briefs: Robertson’s sells up | Sigma Capital | Ocado | Smith & Nephew
ONE of Scotland’s best known whisky shops, Robertson’s of Pitlochry, has been sold for an undisclosed sum by Allan and Isla Robertson, who are retiring after 50 years in the business.The shop, in...
View ArticlePotato growers suffer from supermarket selling power
While the poor price of milk being paid to farmers by supermarkets has often hit the headlines, the same inequality in the supply chain also applied to potatoes, according to Allan Stevenson, chairman...
View ArticleWaverleygate sold in £46m deal to Pru arm
THE former General Post Office building in the centre of Edinburgh has been sold to a division of insurance giant Prudential in a deal worth £46 million.Now an office development that is home to a...
View ArticleCosalt warns over future as funds prove elusive
OFFSHORE workwear business Cosalt, which employs about 250 in Scotland, yesterday warned it faces insolvency by the end of this month unless it can reach agreement with its banks over its...
View ArticleNews Corp lacking the X Factor after scaling back profit growth forecasts
Rupert Murdoch’s News Corporation has cut its full-year growth forecasts after an underwhelming performance at its Fox broadcast network took the shine off a leap in quarterly profits.The media giant...
View ArticleLife science firms will use £169m drugs project as a ‘springboard’
SCOTLAND’S life sciences industry has secured a share of a £169 million European Union drug research programme, which could trigger a wave of further investment across the sector.Glenn Crocker, whose...
View ArticleApple faces shareholder battle over $137bn cash pile
Computer giant Apple is facing a legal challenge from an activist investor who wants the group to return a bigger slice of its $137 billion (£87bn) cash pile to shareholders.The move comes as the maker...
View ArticleJohn Lewis sales soar more than 20%
Department store group John Lewis has reported a 20.6 per cent jump in sales, boosted by strong demand from internet shoppers and a lack of snow compared with last year.The employee-owned retailer said...
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