Majestic Wine learns lessons from Scottish ban on bulk discount deals
MAJESTIC Wine chief executive Steve Lewis has revealed the Scottish Government’s ban on “two for one” special offers on alcohol has taught his firm lessons it may use across the UK. The SNP...
View ArticleMarkets: Europe worries still weigh on FTSE
BANKING shares lost up to 5 per cent yesterday as relief over the victory of pro-bailout parties in Greece faded to concern over Spanish borrowing costs.David Jones, chief market strategist at IG Index...
View ArticleBig bonuses for directors after Iomart profits rise
DIRECTORS at Glasgow-based technology company Iomart received bumper bonuses after delivering strong gains in sales and profits last year.Chief executive and founder Angus MacSween picked up a £200,600...
View ArticleInvista agrees takeover deal worth £39.7m from rival
Invista, the real estate fund manager that demerged from HBOS in 2006, has agreed to a £39.7 million takeover by rival Palmer Capital.The firm had previously accepted a £33.6m bid from Internos, but...
View ArticleAxa private equity arm raises $8bn for asset hunt
The private equity arm of French insurance group Axa has raised $8 billion (£5.1bn) from investors – more than double the amount it was originally seeking – as it looks to buy assets from banks that...
View ArticleMelrose set for major deal with $2.3bn bid for German Elster Group
INDUSTRial buyout specialist Melrose yesterday revealed it is in talks to acquire German utility meter maker Elster Group in a deal worth $2.3 billion (£1.47bn).If completed, the acquisition would mark...
View Article‘FSA is lobbying for banks, not regulating them’
Britain’s financial watchdog was yesterday accused of acting as a lobbying arm for the sector it is supposed to be regulating.Anti-poverty campaign group the World Development Movement claimed that...
View ArticleMan Group unveils new finance chief as it slips out of FTSE 100
Listed hedge fund Man Group surprised the City with a change of finance director yesterday, as it began life outside the FTSE 100.The company, which was dropped from the top share index after losing...
View ArticleLSE boss takes home £2.2m package after exchange’s pre-tax profits leap
LONDON Stock Exchange boss Xavier Rolet saw his pay package jump 13 per cent to £2.2 million last year in a hectic period for the group that saw a leap in profits but a failed takeover of Canadian...
View ArticleCoors president ‘excited’ over potential from takeover deal
THE president of brewer Molson Coors yesterday said he was “more excited than ever” about the potential benefits from the group’s £2.1 billion acquisition of rival StarBev.Peter Swinburn’s comments...
View ArticleSodexo lands ‘fantastic’ extension to services deal
THE catering giant that provides food at Hampden Park, Pittodrie Stadium and the Royal Botanic Garden, Edinburgh, has landed a £21 million offshore contract.Sodexo will provide catering, cleaning and...
View ArticleTesco to leave Japan after nine years
Supermarket giant Tesco yesterday sealed a deal to leave Japan, nine years after establishing a foothold in the country.The group has agreed a deal with Aeon, Japan’s largest retailer, which will see...
View ArticleHigh prices hitting red meat consumption
With turnover in the Scottish red meat industry hitting £2.1 billion mark last year – about 10 per cent above the 2010 level – it might look as if everything was rosy for livestock farmers and meat...
View ArticleDenmark has pushed CAP reforms well
UK FARMING minister Jim Paice last night claimed that “significant progress” had been made under the Danish presidency in the reform of the Common Agricultural Policy.Speaking as he left Copenhagen...
View ArticleScottish Business Briefing – Tuesday 19 June, 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.INDUSTRYMelrose set for major deal with $2.3bn...
View ArticleRBS to axe a further 618 jobs in UK
JOB cuts at the Royal Bank of Scotland yesterday passed the 36,000 mark since the 2008 financial crisis after the taxpayer-backed lender axed a further 600 roles.• 618 jobs to go from RBS financial...
View ArticlePlexus gets big-name backing for well-head
Italian oil giant Eni and American equipment maker Oil States Industries have joined forces with Aberdeen-based oil and gas engineering firm Plexus to develop well-heads that can be used under high...
View ArticleI-Design shares soar thanks to US contract
Shares in I-Design soared by up to 20 per cent after the Dundee-based software firm signed a deal with American cash machine operator First Data.I-Design’s software allows banks and other financial...
View ArticleOmega Diagnostics signs Aids and syphilis test kit deals
Omega Diagnostics, the Alva-based life sciences firm, has signed a deal with the Burnet Institute in Australia to develop testing kits for Aids and syphilis.The firm said that the current tests for...
View ArticleMarkets: Weir among risers in an upbeat FTSE
ENGINEERING giant Weir Group was among the biggest risers yesterday after reassuring analysts that it was on track to hit profit targets this year.Shares in the Glasgow-based pumps and valves maker...
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