One less bidder in the running for struggling JJB
ONE of the favourites to buy JJB Sports has dropped out of the running for the ailing retailer, although advisers handling the sale have received strong interest from a range of potential...
View ArticleBusiness news in brief: Melrose | Macdonald | Eastern Airways
MELROSE RESOURCES, the Edinburgh-based oil driller being taken over by Petroceltic, yesterday sold a 30 per cent stake in one of its Romanian exploration blocks to Australia-based Beach Energy.Beach,...
View ArticleBP signs £3.5bn deal to sell more Gulf of Mexico assets
BP IS selling a clutch of assets in the Gulf of Mexico for £3.5 billion to US-based explorer Plains.The deal – which covers five oil and gas fields – will bring BP closer to its target of around £24bn...
View ArticleGeard chooses Scotland over South Africa return
INVESTMENT firm Nucleus Financial has recruited Stuart Geard to replace the managing director who left last month.Geard, who is currently a non-executive director at “wrap” platform Nucleus, was...
View ArticleMarkets: Aim action overshadows sluggish FTSE
TWO of the larger oil explorers quoted on the Alternative Investment Market (Aim) took a hammering yesterday as Chariot Oil & Gas revealed its latest well in Africa was dry, while Falkland Oil...
View ArticleFarming: Positive news for squeezed livestock sector
Although rising feed costs may be currently causing despondency in the Scottish livestock sector, there were encouraging words yesterday from Iain MacDonald, economics analyst with Quality Meat...
View ArticleFarming: A mixed picture as combines hit the fields
Although there is still some way to go in securing this year’s cereal harvest, the first ten days of September have seen a large acreage cut in Scotland. Andrew Moir, chairman of the combinable crops...
View ArticleScottish Budget: John Swinney pledge to aid ailing construction sector
Finance secretary John Swinney has pledged to pump fresh cash into the ailing construction sector in an effort to kickstart growth when he sets out his Budget next week.• Finance Secretary aiming to...
View ArticleScottish Business Briefing - Tuesday 11 September, 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. INDUSTRYCala refocusing pays off as group...
View ArticleBurberry shares hit by slowing sales
Shares in Burberry fell heavily in early trading today as the luxury goods group warned that its profits would be at the low end of market expectations.The group, which has 196 retail stores, 207...
View ArticleSuperGroup shrugs off gloomy weather
SuperGroup, the owner of the Superdry fashion label, today reported resilient UK sales despite unseasonal weather conditions and aggressive promotions on the high street.The group, which has 81 UK...
View ArticleMarkets: RBS tops risers on flat day for FTSE
ROYAL Bank of Scotland finished at the top of the Footsie risers’ board after positive analysts’ comments and a rally for European banking shares.Brokers at JP Morgan Cazenove prefer the stock to rival...
View ArticleTrade gap cut as UK makes up for Jubilee losses
BRITAIN’s trade deficit narrowed to its lowest level for more than a year in July in the latest indication that the economy bounced back from lost production during the Queen’s Diamond Jubilee...
View Article3D drops de-listing plan to become investment vehicle
MINING investor Donald Strang is set to seize control of stock market minnow 3D Diagnostic Imaging after the firm abandoned plans to leave the Alternative Investment Market (Aim).Strang will turn 3D...
View ArticleUltimo hits the shelves in Harrods
ULTIMO, the lingerie brand set up by Scots entrepreneur Michelle Mone, has secured a deal to sell its premium line at Harrods.Mone, who helped design the Black Label collection after being inspired by...
View Article‘4G auction cash should be used to fund next wave of tech firms’
THE UK government was today urged to invest the proceeds of the forthcoming auction of next-generation mobile phone airwaves in high-tech companies to help deliver a sustained economic boost.Telecoms...
View ArticleTurnaround is working for Havelock
CUTTING staff and other cost savings have reaped financial benefits for Havelock Europa, as the Dalgety Bay-based shop fitter yesterday revealed it has narrowed its half-year losses.Sales rose by 17...
View ArticleEdinburgh-based Miller Group back in black as confidence is building
HOUSEBUILDER Miller Group returned to profit in the first half of the year and predicted continued growth despite the challenging market conditions.However, chief executive Keith Miller warned that any...
View ArticleBetfair nets windfall from Wimbledon
Andy Murray, who won his first Grand Slam title in New York in the early hours of yesterday morning, has proved a winner for Betfair, which said more than £58 million of wagers were placed on his...
View ArticleDavid Miles: ‘Helicopter drops’ of money unwise, but further QE is possible
The Bank of England may persist with its quantitative easing (QE) programme but it should not be lured into making “helicopter drops” of money to the population at large, a monetary policy committee...
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