Business briefs: Blur nets American hospital contracts
Blur Group, the technology firm founded by former Letts diary publishing group owner Philip Letts, has attracted $500,000-worth of contracts from US hospitals for its “online exchange”, where small...
View ArticleBig banks may need to beef up their balance sheets warns Sir Mervyn King
Britain’s biggest banks have been warned that they may need to beef up their balance sheets to protect them against bills for customer compensation and loans turning bad.The Bank of England said that...
View ArticleComment: Bank’s bombshell blows away any complacency
THE shocks keep coming for the UK banking industry. The sector thought it had made substantial progress on beefing up bank balance sheets from the bad old days before the Lehman Bros’ collapse in 2008....
View ArticleAnglo Irish takes Ernst & Young to court over audit
The former Anglo Irish Bank is taking legal action against Ernst & Young, which audited the bank before the Irish government decided to wind it down.Scandal-hit Anglo, now known as the Irish Bank...
View ArticleMarkets: US ‘fiscal cliff’ deal talk lifts markets
THE Footsie hit a three-week high amid optimism that a deal will be reached in the United States to avoid January’s “fiscal cliff”, when tax rises and spending cuts threaten to cripple the world’s...
View ArticleIndustry tells ministers to move fast to secure energy investments
POWER firms have warned energy secretary Ed Davey that he must move quickly to thrash out the details of the Energy Bill if he is to stoke investors’ confidence in the sector and bring in the £330...
View ArticleMarket love: Cupid shares bounce on buy-back plan
Internet dating company Cupid is to buy back up to 10 per cent of its shares in order to improve returns to investors.The announcement from the Edinburgh-based firm led to a bounce in the shares from a...
View ArticleShortage of sporting fixtures sees wagers on Sportingbet take a fall
Gaming firm Sportingbet today said wagers on sport events had taken a dive in its first quarter as the number of fixtures declined.The group, which is the target of a takeover bid by Britain’s biggest...
View ArticleScottish Business Briefing - Friday 30 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. BANKINGBig banks may need to beef up their...
View ArticleSamsung’s Steel Engineering contract set to create Scots jobs
Scottish manufacturer Steel Engineering is likely to create jobs after winning a contract to supply wind turbine jackets to Korean giant Samsung Heavy Industries (SHI).The Renfrew-based engineering...
View ArticleJohn Lewis boosted by technology sales
Strong demand for tablet computers helped department store chain John Lewis deliver an 11 per cent rise in sales last week.The employee-owned retailer reported total sales of £109.6 million for the...
View ArticleFresh blow for RBS sale strategy as Indian HSBC deal falls through
Royal Bank of Scotland was dealt a new blow today as a deal to transfer its Indian arm to HSBC collapsed.RBS said it would now wind down the retail and commercial banking business in India instead....
View ArticleSurge in eurozone jobless will delay end of crisis warns Mario Draghi
European Central Bank President Mario Draghi has warned that the single currency bloc is unlikely to emerge from crisis until later next year as unemployment in the region continues to soar.Speaking in...
View ArticleCo-operation is the only way to tackle lamb crisis
Sheep farmers must co-operate more effectively to make profits, the chairman of one of Scotland’s biggest lamb marketing co-operatives said this week.Ian Watson of 1,100-member Farm Stock (Scotland)...
View ArticleEdinburgh Woollen Mill warms up the high street with record profits
EDINBURGH Woollen Mill (EWM), the Scottish retail group which stepped in to save part of the collapsed Peacocks chain earlier this year, has defied the high street gloom to post record profits.Its...
View ArticleGee powers on to the board at Drax
Melanie Gee, a non-executive at Weir Group who also chairs the Glasgow-based engineer’s remuneration committee, is joining the board of Drax, owner of the UK’s largest coal-fired power station, next...
View ArticleVietnam aids Harvey Nash
Recruitment giant Harvey Nash said the growth of its IT outsourcing business in Vietnam helped it to offset a 4 per cent decline in permanent recruitment in the UK and Ireland.The group, which employs...
View Article£152m Thai fund for Tesco stores
TESCO’S property fund in Thailand has raised £152 million to invest in five more shopping centres across the country.Strong demand for the fundraising exercise meant the offer was heavily...
View Article£75m Unite bond closes after ‘positive’ uptake
Student accommodation provider Unite is to stop taking orders for its first retail bond ahead of schedule after an “extremely positive response” to the move which will raise at least £75 million.The...
View ArticleBusiness briefs: A Host of new deals for catering firm | Cable ups the ante...
Catering company Host Management has expanded its presence in Scotland after securing contracts from the James Hutton Institute crop research centres in Aberdeen and Dundee and Glasgow’s John Wheatley...
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