Lactalis McLelland in Stranraer job cut plans
Lactalis McLelland, owner of the Seriously Strong cheddar brand, is considering cuts to its workforce in Stranraer.Up to 17 staff are said to be facing redundancy as the firm comes under pressure to...
View ArticlePetrofac and Rolls-Royce aid emerging markets push
BRITISH industry continued its push into emerging markets yesterday with FTSE 100 duo Petrofac and Rolls-Royce winning contracts in Mexico.Energy services firm Petrofac has scooped a further contract...
View ArticleJCB in £40m Brazilian order for classic digger
CONSTRUCTION giant JCB has secured a £40 million order from the Brazilian government for more than 1,000 of its world-renowned diggers.The contract will be handled at JCB’s new factory in Sao Paulo but...
View ArticleAverage Edinburgh house price falls by 5%
THE average house price in Edinburgh has fallen by 5 per cent over the past year, according to property experts.Quarterly figures from Edinburgh property solicitors body ESPC show the average house...
View ArticleFTSE passes 6,500 despite bank falls
Worries over harsher banking reforms proposed by a Westminster commission failed to derail the market yesterday, with the FTSE 100 passing another milestone despite little news to excite traders.Chris...
View ArticleDecision time for CAP reform
The reform of the next common agricultural policy (CAP) takes a significant step forward this week with the European Parliament finalising their version at a plenary session tomorrow.George Lyon MEP...
View ArticleFarm tourism campaign launched
A £10,000 marketing and promotion campaign began yesterday aimed at getting more people to enjoy bed and breakfast or self-catering accommodation on Scottish farms, with an emphasis on local...
View ArticleTrap Oil ups stake in Orchid
North Sea driller Trap Oil has upped its stake in the Orchid field, buying out partner Summit Petroleum for £1.5 million.The firm, which bought Aberdeenshire-based Reach Oil & Gas in 2011, is the...
View ArticleFalling silver price dents profits at Fresnillo
Falling silver prices and rising exploration costs pushed profits at miner Fresnillo down 19 per cent last year despite record production levels.The group made $845 million (£570m) in 2012 came despite...
View ArticleAlliance Trust hails flying start to 2013
Investment group Alliance Trust has enjoyed the best start to a year for more than two decades, helped by soaring stock markets.The Dundee-based firm said both its share price and net asset value had...
View ArticleScottish Business Briefing - Tuesday 12 March, 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. BANKINGAlliance Trust hails flying start to...
View ArticleGarrett-Cox welcomes growth but warns of slowing markets
INVESTMENT giant Alliance Trust embarked on its 125th year in business with its strongest performance in two decades. But chief executive Katherine Garrett-Cox warned that the market rally in recent...
View ArticleBusiness briefs: Lloyds | Fresnillo | British Land | Barclays
Lloyds Banking Group confirmed a £400 million windfall yesterday after it took the opportunity of a high share price to sell a 20 per cent stake in wealth manager St James’s Place.It said the placing...
View ArticleCar retailer Inchcape in profit drive
Car dealership group Inchcape has booked a double-digit rise in profits, helped by record gains in Australasia and North Asia.The firm – whose UK franchises include Audi, BMW, Jaguar and Mercedes-Benz...
View ArticleDundas & Wilson recruits from failed Semple Fraser
Law firm Dundas & Wilson (D&W) yesterday revealed it has taken on 17 people from failed rival Semple Fraser, comprising six partners, six lawyers and five trainees.Allan Wernham, co-managing...
View ArticleUK architects will design Rio’s velodrome
A PAIR of British architecture firms have won contracts to design venues for the 2016 Olympic Games in Brazil.3DReid, which worked on the Sir Chris Hoy velodrome for the 2014 Commonwealth Games in...
View ArticleMaven realises gain on sale of Homelux division
MAVEN Capital Partners has made a partial exit from home products supplier Homelux Nenplas by selling the Homelux division to US firm QEP Company.Glasgow-based Maven, which manages about 50 later-stage...
View ArticleOil and gas optimism as tax breaks raise investment
TAX changes introduced by the UK government last year to promote investment in the oil and gas sector are “bearing fruit” as the latest survey shows growing confidence in the industry.Oil & Gas...
View ArticleRBS cuts Direct Line stake in £500m sale
THE Royal Bank of Scotland yesterday said it planned to sell a stake in insurance group Direct Line which could raise up to £530 million from institutional investors. RBS said that it aimed to sell a...
View ArticleScotland’s shop sales rise for third month in row
SALES on Scotland’s high streets have increased for the third month in a row, new figures have revealed.Total sales in February were 0.7 per cent up on the same month last year, with retail chiefs...
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