Premier enjoys Jubilee sales boost
Mr Kipling owner Premier Foods today reported a 2 per cent in sales for its key brands, boosted by a range of products to tie in with the recent Jubilee celebrations.The group said Mr Kipling sales...
View ArticleInvestors eye extra payout on top of IHG $1bn windfall
SHAREHOLDERS could be in line for a further payout from InterContinental Hotels Group (IHG) on top of Tuesday’s bumper $1 billion (£650 million) return of cash, analysts have suggested.The group, which...
View ArticleChastened Pendragon drives profits up 30%
CAR dealership operator Pendragon was hauled over the coals by the UK’s accounts watchdog on Tuesday for the way it presented its cash flow.The group – which owns the Chatfields, Evans Halshaw and...
View ArticleSecond-half sales down, but Greggs bites back with innovative formats
BAKERY chain Greggs will accelerate its expansion programme in the second half of the year after new initiatives proved successful even as sales slowed due to bad weather.The company said plans to roll...
View Article‘Significant’ contract for Wood Group
ENERGY services firm Wood Group hailed a “significant” contract win from oil producer Apache covering subsea engineering work in the North Sea, including operations in the giant Forties field.The...
View ArticleFeelgood factor leads Footsie higher
A LATE rally helped the FTSE 100 index to a four-month high yesterday as London took its lead from traders across the Atlantic.Resurgent oil and mining stocks helped push the top tier 32.5 points...
View Article‘Smug’ Standard Chartered given hammering after Iran allegations
SOME £8 billion has been wiped from the value of Standard Chartered since it was accused of being a “rogue institution” by US regulators in the latest debacle to hit Britain’s banking sector.The New...
View ArticleIndustry bears £50m theft burden
As AUSTERITY measures continue to bite into the economy, theft from farms has reached new levels, according to leading rural insurer NFU Mutual, which this week stated the cost of theft to UK...
View ArticleBrown up for SFE challenge
EWAN Brown, the former chairman of Lloyds TSB Scotland, has been named as the new chairman of Scottish Financial Enterprise (SFE).He replaces Mark Tennant, who is retiring after three years at the helm...
View ArticleJubilee celebration period knocks manufacturing
Britain’s industrial output tanked in June as two extra public holidays compounded the sector’s underlying weakness.The Office for National Statistics (ONS) said that manufacturing output fell 2.9 per...
View ArticleCo-op chief executive to retire after ‘truly outstanding job’
Co-operative chief executive Peter Marks yesterday announced he is to retire from the group, which last month agreed the £750 million acquisition of 632 bank branches from Lloyds.Marks, who also...
View ArticleBusiness in brief: Church of England | HMV | Scottish Futures | Xstrata | L & G
THE Church of England has sold its entire £1.9 million stake in News Corp over concerns about the group’s response to the phone-hacking scandal at the News of the World.The church, which manages £8...
View ArticleRoyal Bank loses ‘instrumental’ Far East player
THE chairman and chief executive of Royal Bank of Scotland’s Chinese operations has resigned after little more than a year in the post.Sherry Liu, who joined from JP Morgan Chase in April 2011, was...
View ArticleTiger hunt by Thai tycoon
THAI billionaire Charoen Sirivadhanabhakdi yesterday made an unsolicited approach for Singapore conglomerate Fraser and Neave’s (F&N’s) 7.3 per cent stake in Tiger Beer-maker Asia Pacific Breweries...
View ArticleHorne’s happy dilemma sends Campbell Dallas on the prowl
SCOTTISH mid-tier accountancy firm Campbell Dallas is returning to its acquisitive roots after managing partner Chris Horne yesterday outlined an ambitious expansion strategy.Horne aims to raise...
View ArticleBellway cements succession and forecasts ‘modest’ earnings boost
Housebuilder Bellway predicted its full-year profit would be “modestly” ahead of forecasts yesterday as it unveiled a management succession reshuffle that will see its chief executive replace its...
View ArticleMidge–borne viral threat to livestock
A DISEASE which causes severe birth defects and miscarriages in livestock could spread across the whole of Britain this year, experts have warned.There have been 276 cases of Schmallenberg virus, which...
View Article£10bn scandal ‘like tax cut for economy’
REFUNDS to customers who were mis-sold payment protection insurance are having a similar effect on the UK economy as a tax cut, researchers claim.About £10 billion has been set aside by banks to cover...
View ArticleJob scarcity blamed on Olympics
THE NUMBER of workers placed in permanent jobs has fallen for the second month in a row, suggesting recruitment decisions are being put on hold until after the Olympics.A report by KPMG and the...
View ArticleScottish Business Briefing - Wednesday 8 August, 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. BANKING‘Smug’ Standard Chartered given...
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