Steadying food inflation rate set to help shoppers
FOOD prices stabilised last month as the cost of raw materials and crude oil declined, providing some relief to under-pressure consumers.Today’s latest shop price index, published by the British Retail...
View ArticleInflation-busting pay deals see FTSE finance chiefs beat £1m mark
THE “shareholder spring” of activism against inflated boardroom pay and bonuses has failed to stop the remuneration of Britain’s blue-chip company finance directors busting the £1 million barrier.The...
View ArticleTelstra in talks with Vodafone
Australian firm Telstra yesterday said it was in discussions about possibly selling TelstraClear, its struggling New Zealand operation, to Vodafone New Zealand, but stressed there was no certainty as...
View ArticleAustere times prove healthy for Gym Group
Budget fitness club operator Gym Group has benefited from the squeeze on consumer spending as it rolls out an “accelerated” growth plan, writes Scott Reid.The firm yesterday said the “low-cost” sector...
View ArticleScots IT sector on the rise as cloud computing firm puts down roots
SCOTLAND’S £4 billion IT industry will receive a boost today when a Swedish “cloud computing” company that lists BAE Systems, the Oslo stock exchange and law firm Pinsent Masons among its clients...
View ArticleChemicals group vows to push for new licence for bracken-control herbicide
Hill farmers faced with the loss of the only effective herbicide to control bracken have been informed that an application for temporary National Emergency Authorisation will be made to allow the use...
View ArticleMorrisons signs deal to get home-bred lamb in stores
Up TO 1,500 Suffolk lambs per week will be bought by supermarket giant Morrisons in the latest of its deals to put branded traditional breeds of meat on its shelves.The deal – announced on the eve of...
View ArticleFurther poor news fails to rattle Europe’s markets
EUROPEAN stock markets shrugged off a slew of bleak eurozone economic data on Tuesday, although investors are braced for some jitters when London reopens today after the extended Jubilee holiday...
View ArticleScottish Business Briefing - Wednesday June 6, 2012
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. TECHNOLOGYScots IT sector on the rise as...
View ArticleSony executives give up bonuses
Seven Sony executives, including chairman Sir Howard Stringer and chief executive Kazuo Hirai, are giving up their performance-based bonuses and taking pay cuts because of the group’s continued...
View ArticleConstruction industry confidence dealt a blow
Confidence in the construction sector suffered its biggest fall for nearly two years last month, fuelling fears about the strength of the economy.The Markit/Cips survey, where a reading above 50...
View ArticleECB holds interest rates at 1%
The European Central Bank today left its benchmark interest rate unchanged as it pushes eurozone governments to take stronger action to tackle their debt crisis.The decision by the bank’s 23-member...
View ArticleScotland’s biggest distiller invests £1 billion
Diageo, Scotland’s largest whisky producer, is unveiling plans to invest £1 billion in its Scottish business over the next five years, including the building of a least one more malt distillery to cope...
View ArticleEnd of ‘too big to fail’ culture may not come soon enough for Spain
BANKS will be allowed to fail under plans unveiled by the European Commission as a way to help solve the crisis in the eurozone.Proposals aimed at breaking the “too big to fail” culture in the European...
View ArticleGreen light given for red tape initiative
An INITIATIVE to reduce the amount of red tape and bureaucracy imposed upon agriculture was given the go-ahead by Rural Affairs Secretary Richard Lochhead at NSA Scotsheep 2012 yesterday.Brian Pack was...
View ArticleHint of summer sun brings healthy boost for UK’s retail sales figures
Sunnier weather towards the end of last month and a pre- jubilee spending splurge provided some respite for Britain’s hard-pressed retailers, industry figures today reveal.A blast of summer sun across...
View ArticleChillwind is close to deal with partner
Renewable energy firm Dulas yesterday said it was in advanced talks to purchase Highlands-based Chillwind, which specialises in meteorological masts.Wales-headquartered Dulas, which has a base in...
View ArticleBusiness news in brief: Premier Oil | Wow Stuff | Maven | Jessops | Babcock
SHARES in Premier Oil jumped more than 7 per cent yesterday after it said it had made an “encouraging” discovery at the Carnaby well, which is part of the giant Catcher oil field in the North Sea.The...
View ArticleBlackadders continues trend for consolidation
TAYSIDE law firm Blackadders is to swoop into the Edinburgh market with the takeover of McKay Norwell, continuing a run of consolidation in Scotland’s legal sector.The move is due to complete this...
View ArticleLooking for New England: SLI adds three to its US operation
STANDARD Life Investments (SLI) has signalled plans to grow its interests in the US by expanding its sales and development team.Jack Boyce has been named head of US distribution working from SLI’s...
View Article