Scottish Business Briefing - Tuesday 6 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. INDUSTRYScots builders’ fury at ‘shocking’...
View ArticleBPI says trading improved despite tough conditions
Plastic packaging maker British Polythene Industries (BPI) said measures to move its business away from recession hit sectors paid off in the third quarter, allowing it to match last year’s...
View ArticleSpaniards East well disappoints Faroe, Parkmead and partners
The Spaniards East oil exploration well in the North Sea is to be plugged and abandoned after operator Premier Oil today said it was dry.A large number of oil companies had stakes in the prospect,...
View ArticleBowleven seals $500m development deal in Africa with Petrofac
SHARES in Bowleven jumped by up to a fifth yesterday after the Edinburgh-based oil driller signed a $500 million (£313m) deal with FTSE 100 energy services firm Petrofac to develop a gas field in...
View ArticleRoyal London eyes market changes as sales hold steady
Scottish Life owner Royal London today said it was poised to benefit from changes to the regulatory landscape as it reported flat sales for the first nine months of the year.The life and pensions...
View ArticleNew car registrations continue to drive ahead
SCOTLAND’S new car market continued to motor ahead last month, according to industry figures, but there were even stronger gains across the UK as a whole.There was an 11.2 per cent year-on-year jump in...
View ArticleUK manufacturing data disappoints
Fears over the outlook for UK manufacturers were raised yesterday as official figures revealed a worse-than-expected monthly performance.Manufacturing output rose by 0.1 per cent between August and...
View ArticleFountain Court seals £15m deal with HSBC
HSBC has struck a £15 million deal to finance the expansion of serviced apartment provider Fountain Court, in one of the largest transactions arranged by the bank’s commercial division in...
View ArticleSky’s the limit for Mitie with £100m contract
Outsourcing firm Mitie unveiled its second new contract in as many days yesterday after signing a £100 million deal to manage buildings for broadcaster Sky.The five-year contract, starting in January,...
View ArticleBusiness news in brief: £175m plan for DPD to deliver
Parcel delivery company DPD said yesterday it would create up to 1,500 jobs as it invests £175 million on expansion.The firm, a subsidiary of France’s La Poste, is proposing a new £100m sorting hub in...
View ArticleComment: Mixed messages from an icon with feet of clay
THEY should consider selling curates’ eggs in Marks & Spencer’s food departments. The company certainly resembles one. M&S’s food business continues to be highly resilient in a downturn despite...
View ArticleEx-KPMG boss John Griffith-Jones defends HBOS role
Former top accountant John Griffith-Jones has defended how his firm checked the books of HBOS before the bank had to be rescued in the financial crisis, saying nobody saw what was coming.Appearing in...
View ArticleMarkets: Retailers buoyed by mixed results
Supermarket chains Tesco and Morrisons shrugged off figures showing they were losing market share to rival Sainsbury’s as they took cheer from corporate results elsewhere.Sainsbury’s grew its market...
View ArticlePrimark remains a shining bright spot on the high street
The budget fashion chain, which has 158 of its 244 stores in the UK, grew operating profits by 15 per cent to £356 million in the year to 15 September, parent company Associated British Foods (ABF)...
View ArticleAlexander Dennis wins ‘biggest ever orders’ for 1,000 buses worth £220m
ALEXANDER Dennis yesterday landed what is believed to be the UK bus industry’s largest-ever group of contracts after unveiling deals to supply more than 1,000 vehicles worth a total of £220 million.As...
View ArticleFarming: NFUS on course for centenary
The search is on to elect the presidential team to lead the organisation which represents Scottish farmers, NFU Scotland, in its centennial year in 2013.A year-long programme of events organised to...
View ArticleFarming: Foresters and farmers speak the same language
Peace is breaking out in the long-running battle between livestock production and trees in Scotland’s hill and upland areas following a meeting between the Forestry Commission, NFU Scotland (NFUS), the...
View ArticleScottish Business Briefing - Wednesday 7 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. ECONOMICSUK manufacturing data...
View ArticleEnergy services firm Asco wins £12m contract in Australia
Asco Group, the Aberdeen-based energy logistics specialist, has been awarded a key contract in Australia worth more than $20 million (£12m).The three-year deal with Eni will see the firm supply a...
View ArticleBusiness news in brief: Scottish Retail Consortium | Chemring | Direct Savings
IT WILL take “one to two generations” for the banking industry to rebuild the public trust shattered by the financial crisis and a series of mis-selling and manipulation scandals, it was claimed...
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