MegaFon debut fails to ring bells for investors
SHARES in MegaFon, the mobile operator controlled by Russia’s richest man, made a tough debut in London and Moscow yesterday in what continues to be a difficult market for Russian listings.Despite...
View ArticleFormer HBOS chief executives face a grilling from MPs
Two former chief executives of HBOS and an ex-chairman will appear next week before lawmakers conducting an inquiry into the bank’s near collapse in 2008.Sir James Crosby, chief executive between 2001...
View ArticleBusiness briefs: Swip hires two for wholesale drive | Pacific airport deal | M&S
Scottish Widows Investment Partnership (Swip) has appointed two investment sales directors to beef up its presence in the wholesale market.The Edinburgh-based firm said Martin Orrin and Michaela Rayner...
View ArticleCBI - growth and deficit reduction are twin keys
the CBI has called on Chancellor George Osborne to use next week’s autumn statement to stick to cutting the deficit in the public finances, but to do more to drive growth. It also wants the proposed...
View ArticleRecruitment firm BWSR to expand own workforce
BWSR, part of Scottish recruitment agency Brightwork Group, is to expand its own workforce after a sharp rise in turnover since being set up four years ago.The professional, technical and managerial...
View ArticleBank ‘unlikely to make sudden switch’
Economists believe Mark Carney will wait for at least a year before changing monetary policy at the Bank of England.Carney replaces Sir Mervyn King as the Bank’s governor in July, and a Reuters poll of...
View ArticleStores blow: Further 125 Comet branches to close
Thousands of staff at stricken electricals chain Comet were dealt a pre-Christmas blow yesterday after administrators announced that a further 125 stores will close.Deloitte said it would only keep...
View ArticleMarkets: Mixed messages from Capitol Hill
London’s benchmark share index managed to claw back initial losses yesterday to close slightly higher as Wall Street made early session gains.Leading stocks had been under pressure on fears that talks...
View ArticleMarvellous Mo wins backing of judge Alford as Winter Fair prime live cattle...
ONE of the top commercial cattle exhibitors in the country, Michael Alford, had his work cut out yesterday as judge at the Royal Highland Winter Fair prime live cattle competition at Ingliston.His...
View ArticlePerformance recording earns double award
TWO individuals were honoured yesterday by Quality Meat Scotland for their longstanding commitment to raising the profile of performance recording in Scotland.Rod McKenzie, previously development...
View ArticleBalfour Beatty wins £125m Scottish roads contract
Infrastructure group Balfour Beatty has been awarded a long-term deal, potentially worth more than £125 million, to manage and maintain major trunk roads in south-west Scotland.Perth-based Scotland...
View ArticleDixons set to benefit from Comet’s demise as losses narrow
Electricals group Dixons Retail today said its sales may take a temporary hit as stricken rival Comet offloads its stock, but it is poised to benefit over the long term.Administrators for Comet...
View ArticleSales improve at Kingfisher’s B&Q chain
B&Q owner Kingfisher today revealed improved sales at the DIY chain but warned the weak consumer backdrop continued to hit the business.Like-for-like sales at B&Q in the UK and Ireland were...
View ArticleScottish Business Briefing -
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. BANKINGGreen Investment Bank plans its first...
View ArticleWood Group family and charities raise £127m through share sale
The family and charities of former Wood Group chairman Sir Ian Wood have raised £127 million by selling shares in the energy services firm.Credit Suisse and JP Morgan Cazenove sold more than 16 million...
View ArticleShoppers set to open wallets for the festive season, claims survey
A BRIGHTER outlook for the beleaguered high street emerged yesterday in the latest survey from the CBI, indicating that shoppers were ready to open their wallets. • Shoppers are expected to spend this...
View ArticleDirect Line cuts 236 more jobs as it targets £100m in savings
DIRECT Line has announced another 236 jobs cuts as the newly-floated insurance giant moves towards slicing costs by £100 million by the end of 2014.The fresh round of streamlining comes on top of...
View ArticleWarning over future of land reform
“some lunatic will set the agenda” for the potentially radical reform of Scotland’s land legislation if farmers and landowners do not respond to the plans, they have been warned.Speaking in Perth, NFU...
View ArticleScots seeking a way back in to tasty beef market in Japan
Scottish farming leaders yesterday combined to push for the re-opening of the beef trade with Japan, 16 years after that option clanged shut during the BSE crisis.In an open letter to Secretary of...
View ArticleHiggins joins Buccleuch Group board
TESCO Bank chief executive Benny Higgins has joined the Buccleuch Group as a non-executive director He becomes the second non-executive board member from outwith the family, joining Joe Scott Plummer,...
View Article