Garrett-Cox gets £1.1m after bumper year for Alliance Trust
KATHERINE Garrett-Cox, chief executive of Dundee-based Alliance Trust, has picked up a £1 million-plus pay package for the second year running.Garrett-Cox was awarded a £520,000 annual bonus after the...
View ArticleCairn expands into Senegal as losses narrow
Oil and gas firm Cairn Energy has opened up a new drilling frontier off the coast of Senegal after revealing a sharp drop in full-year losses.The Edinburgh-based group said its strong cash position...
View ArticleSainsbury’s sales beat City forecasts
Supermarket group Sainsbury’s has reported better-than-expected sales growth for the final three months of its financial year, boosted by “particularly strong” trading for Valentine’s Day and Mother’s...
View ArticleCold snap hits sales at Spirit
Pubs operator Spirit has blamed the wintery conditions at the start of the year for a drop in sales, but it remained confident of meeting its full-year expectations.The owner of the Chef & Brewer,...
View ArticleScottish Business Briefing -
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 plans £700m upgrade investment by...
View ArticleRoyal London buys Co-op insurance and fund arms for £219m
Life and pensions group Royal London has agreed to buy Co-operative Banking Group’s life insurance and asset management businesses for £219 million.The mutual firm, which owns Scottish Life and...
View ArticleAviva plays down fears of Perth job losses
Insurance group Aviva has poured cold water on claims that some 1,500 jobs at its Perth site are at risk as part of a review of its property portfolio.Reports today said the firm was considering a move...
View ArticleJohnston Press upbeat despite fall in profits
Media group Johnston Press, owner of The Scotsman and Scotland on Sunday, today said its annual profits more than halved following a 12.7 per cent drop in advertising revenues, but insisted it was well...
View ArticleMining giants laid low by broker cut
goldman Sachs hit London’s heavyweight mining sector with a raft of downgrades yesterday, pushing the FTSE 100 into the red as investors kept a nervous eye on Cyprus. The investment bank cut its price...
View ArticleSTV bosses see their pay drop
STV chief executive Rob Woodward and chief finance officer George Watt saw their pay packets shrink after they did not receive payouts under a bonus plan, according to the company’s annual...
View ArticleComment: Co–op’s disposal moves it towards Lloyds
THE Co-op’s fund management and insurance business was described by Royal London boss Phil Loney as a perfect fit for his business and acquiring it certainly gives greater scale to what is already...
View ArticleRake takes top role at CBI
Outgoing EasyJet chairman Sir Mike Rake has been named as the next president of the CBI.The City grandee, who also chairs BT and is deputy chairman of Barclays, will succeed Sir Roger Carr at the helm...
View ArticleJim McColl and Strathclyde University study turbines
ONE of engineering tycoon Jim McColl’s companies has teamed up with Strathclyde University to make it cheaper and easier to service wind turbines.David Brown Gear Systems and Strathclyde’s Centre for...
View ArticleBoeing boost as Ryanair places £10bn jets order
Ryanair has placed a £10 billion order with US plane-maker Boeing in a move that the Irish airline claims will create thousands of jobs in Europe.Promising even lower fares, the no-frills carrier said...
View ArticleBT creates 400 jobs as it launches sports service
Telecoms giant BT is to create more than 400 jobs through the launch of its new sports television service.The posts will be created across a string of UK contact centres including 45 jobs at facilities...
View ArticleBusiness news in brief: Berwick Garden Centre | Spirit | Stagecoach
NICK Crabbie, managing director of Berwick Garden Centre, is to open a branch in Dunbar in the spring after securing £2.5 million from NatWest under the UK government’s Funding for Lending scheme.The...
View ArticleArm chief to go after 12 years at helm
The boss of a UK technology firm whose chip designs help power Apple’s iPhone and iPad is to stand down after nearly 12 years at the helm.Warren East is credited with transforming Cambridge-based Arm...
View ArticleEuropean ministers locked in talks over CAP
Talks on the next common agricultural policy (CAP) continued last night behind closed doors as the Irish, who hold the presidency of the European Union, pressed for a conclusion.Earlier, in an open...
View ArticleFury over ‘lamb in a toilet’ advert
An ADVERTISING poster issued by the Food Standards agency which focuses around beautifully presented lamb chops photographed in the bottom of an urinal came under heavy criticism yesterday from sheep...
View ArticleBowleven narrows operating losses as it eyes Cameroon developments
Oil and gas explorer Bowleven has reported a sharp drop in first-half operating losses and said it believes there are large reserves yet to be discovered in Cameroon.The Edinburgh-based firm announced...
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