Mixed news from Brussels on CAP reform plans
Farmers who feared that they might have to take 7 per cent of their land out of production to meet environmental requirements in the next Common Agricultural Policy (CAP) are set to see their anger...
View ArticleGrowth to be lacklustre says CBI
The CBI today warns that growth will remain “relatively lacklustre” for the next two years but says it no longer believes the UK economy will contract this year.Although the organisation is predicting...
View ArticleComment: Conundrum that strains best minds in the City
MANY have remarked recently on the conundrum of how UK employment has been rising in the teeth of a prolonged economic downturn. It has strained even the most counter-intuitive of City thinkers. And it...
View ArticleScottish Business Briefing – Thursday 1 November, 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.BANKINGClydesdale puts a brave face on first...
View ArticleComet expected to fall into administration
Electricals retailer Comet today looked to be on the brink of administration in a move threatening an estimated 6,000 jobs.The company’s demise, which is expected to be confirmed later today, will...
View ArticleLloyds PPI bill passes £5bn mark
The bill for mis-sold payment protection insurance (PPI) at taxpayer-backed Lloyds Banking Group smashed through the £5 billion barrier today as claims against the bank continue to pile up.The 40 per...
View ArticleBT draws in more broadband and TV customers
Telecoms giant BT unveiled a further rise in the number of its broadband and television customers today as the battle for fibre-optic brandband and on-demand TV services begins to hot up.The group...
View ArticleShell profits slip as oil prices fall
Higher margins at Shell’s refining business helped to offset a fall in oil and gas prices but couldn’t stop the oil giant from posting lower third-quarter profits.Profits dipped to $6.6 billion...
View ArticleTiso in the red as Blacks’ demise floods market
A MILD winter and an oversupply of outdoor goods flooding the market after the failure of rival Blacks Leisure last year have hit profits at retailer Tiso Group, the company said in its latest...
View ArticleLetts profits halved as diary maker admits tough trading will continue
LETTS Filofax, the Dalkeith-based diary maker that has been in talks with potential buyers, saw profits halved during the 12 months to January amid the third consecutive year of “very tough trading”...
View ArticleBusiness briefs: Kiwis’ ninja swoop for Digital Goldfish | Asos | Restaurant...
NEW ZEALAND-based Ninja Kiwi has acquired Dundee games company Digital Goldfish for an undisclosed sum. The Kiwi firm, whose tagline is “more awesomer”, said Digital Goldfish’s founders David Hamilton...
View ArticleArran and Skye breweries unveil merger plans
TWO of Scotland’s best-known micro-breweries are to join forces as part of plans to create a £15 million business and capture a larger share of the international beer market.Details will be unveiled...
View ArticleMarkets: Results drive FTSE to strong bounce
London’s leading share index racked up its biggest single session gain in four weeks yesterday as a number of firms posted solid results and investors took on fresh bets at the start of a new month.The...
View ArticleGore–Tex’s £5m Livingston refit
AMERICAN fabric maker WL Gore & Associates yesterday lifted the lid on a £5 million upgrade of its Gore-Tex factory at Livingston, understood to be the biggest investment in the plant since...
View ArticleAegon outsources final salary schemes to JLT
Life and pensions firm Aegon is to outsource the running of its final salary pension operations in a deal that will see some 100 staff in Edinburgh transfer to employee benefits specialist Jardine...
View ArticleJames Murdoch survives as bid to axe him is rejected by Sky shareholders
James Murdoch avoided a revolt over his position on the board of BSkyB yesterday despite concerns about his position voiced by the media watchdog in the wake of the phone-hacking allegations.His...
View ArticleFears of risk adding to L&G protection policies
Legal & General has seen its quarterly sales rise by almost a third, buoyed by strong demand for protection policies as more companies and individuals seek cover against financial risk.Unveiling...
View ArticleQuartermile seals £10m Hong Kong sales deal
Quartermile developer Gladedale Capital has sold £10 million worth of flats off-plan to Asian investors after attending two weekend-long exhibitions in Hong Kong and Singapore. The developer sold 34...
View ArticleWood plans growth in India
Energy services firm Wood Group today unveils plans to expand in India with the creation of up to 100 jobs.The opening of a £750,000 engineering hub, supported by Scottish Development International...
View ArticleManufacturing downturn puts quantitative easing on agenda
Worries about Britain’s fragile economic recovery were revived yesterday as the downturn in the manufacturing sector intensified, heaping pressure on the Bank of England to offer further stimulus.The...
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