Scottish Business Briefing - Monday 3 December, 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. ECONOMICSScotland’s economic performance ‘as...
View ArticleBridge encouraged by Norwegian drilling results
Bridge Energy, the Aberdeen-based oil and gas explorer that floated on the Alternative Investment Market earlier this year, has reported “encouraging” results from its drilling programme in the...
View ArticleManufacturing output shrank for seventh month in a row
MANUFACTURING output shrank for the seventh month in a row last month, a closely watched survey revealed today, although the pace of decline was slower than expected.• The latest Markit/CIPS purchasing...
View ArticleGlobal financial crisis as bad as a world war, says Bank of England official
THE ECONOMIC impact of the global financial crisis has been as devastating as a world war, a senior Bank of England official warned today.• Senior official Andy Haldane said that in terms of the loss...
View ArticleMarkets: US manufacturing disappoints City
Disappointing US manufacturing figures stopped an early rally in its tracks on Monday, leaving the FTSE 100 index to eke out meagre gains.Angus Campbell, head of market analysis at Capital Spreads,...
View ArticleDavid Murray sells part of metals arm in £34.5 management buy-out
FORMER Rangers Football Club owner Sir David Murray has sold part of his metals business in a £34.5 million management buy-out (MBO) that sees him part company with key lieutenant Donald Wilson.Wilson,...
View ArticleNews Corp shake-up sees Thomson in key role in newspapers
RUPERT Murdoch has unveiled a shake up at his News Corporation empire, folding its digital newspaper and appointing leaders for the new publishing arm.Former Times editor Robert Thomson will head the...
View ArticleBetter news from manufacturers
Manufacturing output shrank less than expected last month, adding to hopes that the economy can keep growing in the fourth quarter. The Markit/Cips purchasing managers’ index for the manufacturing...
View ArticlePickfords moves into operation
Pickfords, the 400-year-old removal company, has been bought out of administration in a pre-pack deal.The business has been acquired by a new company called Pickfords Move Management in a deal that...
View ArticleJarrett takes new Aegon post
Life and pensions firm Aegon UK has promoted sales director Duncan Jarrett to the newly-created role of retail managing director.Former RAC chief executive Angela Seymour-Jackson, who joined in May,...
View ArticleNow cereals are to be tested in Scotland
Lists of the top cereal varieties recommended by the Home Grown Cereals Authority (HGCA) have come in for criticism in the past on account of the fact the top varieties may not cope with Scottish...
View ArticleComment: Hindsight, what a wonderful word for bankers
IT TOOK four years, but former HBOS chief executive Sir James Crosby yesterday became the latest banker to apologise for his part in the financial crisis.Crosby, described by Rory Phillips QC as the...
View ArticleUBS expected to reach £280m Libor settlement
SWISS bank UBS is expected to pay more than $450 million (£280.1m) to UK and US authorities to settle claims that some of its employees submitted false Libor rates.UBS was the first bank globally to...
View ArticleFarm payments begin – and bank offers help
After a pretty rotten summer and autumn, things brightened up yesterday for Scotland’s farming community with the first tranche of European support payments going out. At the same time, a major bank...
View ArticleGabby Logan on board at media group Perform
TELEVISION presenter Gabby Logan has joined the board of stock market-listed sports media group Perform Group as a non-executive director.The FTSE 250 company specialises in distributing content such...
View ArticleHMV offloads live venues in £7.3m bid to cut debt
HMV yesterday sold more of its live music venue business to cut its debt pile and said more disposals are to follow.The firm said it had sold Mama Group, which owns the HMV Picture House venue on...
View ArticleHigh street is hoping for a last-minute rush
Retailers are expecting a last-minute rush from Christmas shoppers as figures out today show a modest sales rise in November. The British Retail Consortium (BRC) said total UK retail sales were up 1.8...
View ArticleGeorge Osborne’s flagship is threatening to become a ‘huge white elephant’
THE coalition government’s flagship scheme to kick-start the economy by increasing lending to businesses and consumers has been dubbed a “white elephant” after figures showed less than £500 million in...
View ArticleBusiness news in brief: Amec | Braveheart | Bridge Energy | Stagecoach
Braveheart record jump in income whilst Stagecoach name next company secretary.• Amec – Talisman Energy awarded the engineering firm a five–year contract, for an undisclosed value, aimed at extending...
View ArticlePinnacle expects to deliver ‘significant’ profit growth
Pinnacle Technology today said its full-year results should show “significant” growth in revenues and operating profits compared with last year.The Stirlingshire firm, which is best known for providing...
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