Markets: Miner ATH puts its assets up for sale
COAL miner ATH Resources slumped 12 per cent after Scotland’s second-largest mining group revealed it had drafted in accountancy firm KPMG to look at selling its assets.Doncaster-based ATH, which has...
View ArticleConfidence falls behind UK figure
JOB cuts and a slowdown in export growth have seen business confidence in Scotland fall behind that for the UK as a whole, according to a survey published today.However, the survey of 1,000 accountants...
View ArticlePotato yields in UK worst since 1976
POTATO yields this year are the lowest since the drought year of 1976, the Potato Council yesterday confirmed, with crops down 25 per cent on 2011.The total estimated yield in the UK this year is just...
View ArticleCinema site snapped up by Mountgrange
THE former Odeon cinema site in West Regent Street, Glasgow, has been bought by a property fund in its fourth acquisition in Scotland. Construction group Sir Robert McAlpine has been awarded the...
View ArticleBusiness briefs: APG gears maker lands £4m funding | Betfair | Intertek
INDUSTRIAL components maker Anderson Precision Gearing has secured a £1.6 million regional selective assistance grant from Scottish Enterprise and £2.4m of lending from Barclays.The Motherwell-based...
View ArticleBowleven applies to begin Cameroon gas production
BOWLEVEN, the Edinburgh-based oil explorer, today moved a step closer to extracting gas from a field off the coast of Cameroon.The Aim-quoted company has formally applied to the West African state’s...
View ArticleStandard Life to open first Middle East office
PENSIONS giant Standard Life has unveiled plans to expand its global reach by opening its first office in the Middle East.The group has been granted a licence by regulators in Dubai to set up a branch...
View ArticleBank fined £30m as FSA gets tough over £1.4bn UBS fraud
UBS has been fined almost £30 million by the Financial Services Authority (FSA) and put under extra scrutiny by Swiss regulators over failings that allowed a rogue trader to lose £1.4 billion.In a...
View ArticleAberdeen holds fire on buyback despite pre-tax profit rising 15%
FUND manager Aberdeen Asset Management dashed investors’ hopes of an imminent share buyback or special dividend yesterday despite a strong cash performance that shrugged off testing financial...
View ArticleFruit Shoot recall hits Britvic sales
Soft drinks giant Britvic, which recently agreed a £1.4 billion merger with Irn-Bru maker AG Barr, today said this year’s recall of Fruit Shoot products held back sales growth by about 2 per cent.The...
View ArticleIomart hails ‘excellent’ first half as profits leap 66 per cent
Web hosting firm Iomart today said it was confident of delivering continued strong growth as it reported a 66 per cent jump in first-half profits.The Glasgow-based group posted an adjusted pre-tax...
View ArticleStandard Life launches £500m bond issue
Life and pensions firm Standard Life today said it was launching a bond issue aimed at raising £500 million. The Edinburgh-based group said strong market demand and an over-subscribed order book meant...
View ArticleScottish Business Briefing - Tuesday 27 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. BANKINGAberdeen holds fire on buyback despite...
View ArticleM&B warns of challenging times ahead despite rising profits
Pubs group Mitchells & Butlers (M&B) today reported a 3.8 per cent increase in full-year profits but said it would come under pressure from higher prices and regulatory costs in the year...
View ArticleScottish hotel downturn continues
Hotels across Scotland were hit by continued falls in occupancy and revenues in September, according to a report published today.The study by accountancy firm PKF found room yields – the industry...
View ArticleNationwide eyes RBS branch deal
Nationwide, the UK’s largest building society, has expressed an interest in bidding for 316 branches put up for sale by Royal Bank of Scotland.RBS was ordered to sell the branches by European...
View ArticleBusinesses condemn Swinney’s rates revaluation delay to 2017
Business groups today attacked finance secretary John Swinney’s decision to delay a rates revaluation until 2017, warning he has left current ratings “dangerously out of date”.Swinney, who announced...
View ArticleFacebook sets record straight over hoax copyright warning
SOCIAL networking site Facebook has insisted that users still maintain full copyright of content they upload in the wake of a hoax warning which went viral on the site.Tens of thousands of people...
View ArticleE.ON to pay compensation after regulator discovers firm over-charged its...
ENERGY giant E-on has been ordered to repay £1.4m to around 94,000 customers who had been overcharged following price rises.The company has also agreed to pay £300,000 as a goodwill gesture to a...
View ArticleBack in black: Skyfall helps Shepperton into profit
JAMES Bond has helped provide a boost for film studio operator Pinewood Shepperton as the group yesterday hailed a return to profit.Blockbuster films such as the 23rd James Bond outing Skyfall and...
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