Pearson insists FT ‘is not for sale’ as it unveils £150m shake-up
Media group Pearson has unveiled a £150 million restructuring plan to accelerate its move from a print-based business model, but insisted that its flagship Financial Times title is not for sale.Chief...
View ArticleScottish Business Briefing - Monday 25 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. ECONOMICSFragility of service sector seen in...
View ArticleESPN sells British and Irish TV channels to BT
ESPN is withdrawing from British and Irish television, announcing Monday that its channels are being sold to the BT Group. The U.S. sports network increased operations in Britain in 2009 after...
View ArticleDomino’s expects to create 1,500 jobs after record profits
PIZZA delivery firm Domino’s has said the UK’s appetite for takeaway food should help it generate 1,500 jobs this year.With annual profits up by 11 per cent to £46.7 million, the firm expects to roll...
View ArticlePrimark owner hails ‘outstanding performance’
ASSOCIATED British Foods (ABF) has predicted a strong rise in profits for the first six months of the year, driven by an “outstanding performance” at its Primark discount clothing chain.However, shares...
View ArticleAAA loss hits sterling but FTSE rises
THE loss of Britain’s triple-A credit rating took its toll on the pound yesterday, which slumped to its lowest level for more than two years against the euro and dollar, while the Italian election...
View ArticleNorth American investors drive ‘big box’ demand
DEMAND for “big box” warehouses across Scotland is predicted to grow strongly this year as North American investors broaden their horizons, according to property consultancy Jones Lang LaSalle...
View ArticleEdinburgh Instruments in £1.9m sale
EDINBURGH Instruments (EI), the first spin-out company from Heriot-Watt University, is being sold to Hong Kong-listed Techcomp in a £1.9 million deal.Techcomp has already bought a 66 per cent stake in...
View ArticleStandard Life Investments new Ryder Cup sponsor
STANDARD Life Investments has become the first global sponsor of golf’s Ryder Cup after signing deals for the 2014 and 2016 tournaments.The agreements cover next year’s competition at Gleneagles and...
View ArticleBusiness briefs: Arsenal | Thorntons | Jumpstart | Ecebs
ARSENAL has seen its profits plunge by almost two thirds after spending more than £40 million on new players.The north London club, which was knocked out of the FA Cup by Championship side Blackburn...
View ArticleMortgage approval dip cast doubts on Bank’s scheme
DOUBTS were raised about the true impact of the Bank of England’s Funding for Lending scheme on Britain’s mortgage market yesterday with new data showing depressed home loan approvals in January.The...
View ArticleDundee Waterfront set for wave of hotel investment
DUNDEE is to get its first five-star hotel as part of a wave of hospitality development that will create more than 200 jobs in the city.The former Customs House and Harbour Chambers will be transformed...
View ArticleComment: Trials and tribulations for ‘downsizing’ BP
THE civil trial over BP’s image-defining Deepwater Horizon calamity in the Gulf of Mexico, just starting in New Orleans, will be a reputational mess. This despite the considerable damage limitation the...
View ArticleBuilders gain from efforts to boost available loans
TWO of the UK’s largest housebuilders have reported strong growth in full-year profits as the industry benefits from government schemes to help people get on the housing ladder.Persimmon, the country’s...
View ArticleMastercard unveils ‘virtual wallet’ bid
MASTERCARD has unveiled its bid to dominate mobile payments with a “virtual wallet” allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store...
View ArticleEU move ‘could threaten development of pesticides’
A CLAIM that present proposals to ban neonicotinoid insecticides and introduce onerous new regulations on other chemicals up for approval could lead to a complete loss of investment by major chemical...
View ArticleRising demand signals good news for UK farmers
A ROSY future for British beef producers was predicted yesterday, with worldwide demand for red meat rising and millions of new consumers now being able to afford to buy this previously quite expensive...
View ArticleDevro to ramp up investment after dip in profits
Sausage skin maker Devro today said it plans to increase its investment in production facilities after reporting a 5.1 per cent dip in profits for 2012.The Moodiesburn-based firm said it spent a total...
View ArticleScottish Business Briefing - Tuesday 26 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. MEDIA & LEISUREDundee Waterfront set for...
View ArticleWhitbread vows to take action over horsemeat scandal
Beefeater and Costa owner Whitbread has promised to track ingredients from “field to fork” after being dragged into the horsemeat scandal earlier this month.The group, which also owns the Brewers Fayre...
View Article