Comment: Co-op’s deal with Lloyds looks shakier than ever
THE decision to force Lloyds and Royal Bank of Scotland to dispose of assets as a condition for taking taxpayers’ money at the height of the banking crisis is beginning to look like a flawed...
View ArticleQueryClick web agency plans office in New York
A SCOTTISH digital marketing agency that specialises in making websites more visible to search engines is opening an office in New York after tripling its sales last year.Edinburgh-based QueryClick,...
View ArticleRBS will not fill role left by John Hourican
THE Royal Bank of Scotland will not replace its chief executive of international and markets after the role’s incumbent, John Hourican, fell on his sword over the Libor fixing scandal.Instead, the...
View ArticleFilmmaker Twig will branch out into Brazil
A SPECIALIST producer of educational films has continued its global expansion by signing a multi-million pound deal to provide content to hundreds of thousands of pupils in Brazil.Glasgow-based Twig...
View ArticleRules on handling risk aim to avoid financial crisis
BANKS and other financial services outfits will today be presented with fresh rules on how they measure risk in an effort to avoid a repeat of 2008’s financial crisis, which brought the world’s economy...
View ArticleG1 Group asks JLT for pensions advice
PUBS tycoon Stefan King has drafted in consultancy firm JLT to advise his G1 Group on “auto-enrolment”, a seismic change to the pensions market.G1 Group – which runs Edinburgh’s the Three Sisters,...
View ArticleAmerican Airlines and US Airways $11bn link-up
A DEAL to create the world’s biggest airline through the $11 billion (£7bn) merger of American Airlines and US Airways could be unveiled as early as this week, sources said yesterday.Under terms of a...
View ArticleSinclair Dunlop and Kyp Sirinakis on venture funds for Scotland’s life...
A PIECE of advice from a former Royal Bank of Scotland chairman was ringing in his ears when venture capital investor Sinclair Dunlop returned to Scotland, writes Peter Ranscombe.As a St Andrew’s...
View ArticlePeople: Alex Neil | Alan Biggar | Elgin
THIRTEEN appeared to be health secretary Alex Neil’s unlucky number last week when he made his debut at the 13th annual Scottish Enterprise life sciences dinner in Edinburgh.Not everyone in the...
View ArticleJohn Moulton ‘on verge’ of buying coal miner ATH
VETERAN venture capitalist John Moulton is expected to buy coal miner ATH Resources “within the next fortnight”, according to a report in a Sunday newspaper.The Scotsman revealed in December that...
View ArticleTriple-dip recession fear as optimism at 21-year low
OPTIMISM among British businesses has fallen to its lowest level in 21 years, according to a new survey that reignites concerns that the economy is lurching towards an unprecedented triple-dip...
View ArticleBusiness briefs: ITF | Grovepoint | Thorntons | Three Stones Media
THREE overseas energy and engineering companies have signed up to become members of the Aberdeen-based Industry Technology Facilitator (ITF), a body that develops technology for the oil and gas...
View ArticleBarclays to axe 2,000 jobs and shut tax unit
ANTONY Jenkins will attempt to break from Barclays’ scandal-hit past tomorrow by announcing the closure of its tax avoidance unit and the cull of around 2,000 investment banking jobs.The moves – due to...
View ArticleRyder Cup contracts up for grabs on procurement site
GOLF’S 2014 Ryder Cup organisers are inviting businesses to tender for supplier contracts.Ryder Cup Europe expects the event at Gleneagles to employ 5,000 people directly, with many more likely to...
View ArticleComment: Royal Bank shareholders are forgotten victims
FOR Royal Bank of Scotland investors still clinging to their shares in the hope of recovery, the past week has been especially gruesome.Years of patience, far from being rewarded, have turned into yet...
View ArticleRolls-Royce shifts focus from fraud probe to results
Investors will look for a progress report on Lord Gold’s review into compliance procedures at Rolls-Royce this week as the engine maker gears up to unveil a rise in full-year profits.The group, which...
View ArticleNew boss wants to make SSE ‘the next John Lewis’
INCOMING SSE chief executive Alistair Phillips-Davies has said that he wants to turn the owner of Scottish Hydro Electric into a brand as loved as John Lewis or Marks & Spencer – but that he will...
View ArticleLion Capital in £300m deal with GHD
LION Capital, one of the private equity firms that owns Findus, the frozen food company at the centre of the horse meat scandal, yesterday swooped on hair straightener maker GHD in a £300 million...
View ArticleStelios to oppose re-election of ‘too busy’ chairman
EasyJet founder Sir Stelios Haji-Ioannou has launched another broadside at outgoing chairman Sir Mike Rake, who is due to stand down from the budget airline’s board this summer.Sir Mike, who narrowly...
View ArticleValentine travellers flock to Edinburgh
Those flying off for Valentine’s Day seem to be shunning traditional romantic destinations, according to a survey. Venice, Rome and Paris all failed to enter the top ten of Valentine destinations, the...
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