£375k investment drives Blipfoto expansion plan
Photo sharing website Blipfoto has secured £375,000 in additional funding to drive its expansion plans.The latest funding round, which takes the total investment in the Edinburgh firm to almost...
View ArticleComment: HBOS a victim of poor controls, not bad luck
THREE themes emerge from the evidence of former HBOS chief executives Sir James Crosby and Andy Hornby, and ex-chairman Lord Stevenson, to the Parliamentary Commission on Banking Standards over the...
View ArticleMiiCard secures Napier contract
SOFTWARE firm MiiCard has sealed a deal with Edinburgh Napier University to provide a proof-of-identity system for users of the university’s online healthcare and childcare protection initiatives,...
View ArticleHavelock sells fume extraction arm for £420,000
Havelock Europa, the Dalgety Bay-based shop fitter, has sold its fume extractor business to a Yorkshire firm for £420,000.The group bought Clean Air, which is based in Bolton and produces fume...
View ArticleMenzies renews £122m-a-year magazine contract
John Menzies, the Edinburgh-based logistics group, has renewed its contract with Marketforce, one of the UK’s largest magazine distributors.The agreement, which runs for five years starting from...
View ArticleScottish Business Briefing - Wednesday 5 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. BANKINGClydesdale chooses its ‘best people’...
View ArticleGermans swallow KP Nuts and Hula Hoops
A RAFT of iconic British snack brands, including KP Nuts and Hula Hoops, fell into German hands on Wednesday in a deal thought to be worth more than £500 million.KP Snacks – which is the UK’s...
View ArticleSkyfall is most successful film in British box office history
THE latest James Bond hit Skyfall has made UK box office history after becoming the highest grossing film ever. • Latest Bond film took £94.28 million in 40 days• It has surpassed Avatar as the highest...
View ArticleATH Resources slides into administration
COAL miner ATH Resources fell into administration on Wednesday night after its lender, Jon Moulton’s Better Capital, called in its loans.All five of the Doncaster-based company’s open cast pits are in...
View ArticleStagecoach eyes west coast line deal
INCOMING Stagecoach chief executive Martin Griffiths expects to unveil a deal on Thursday with the UK government to temporarily extend its west coast rail franchise with joint venture partner...
View ArticleTesco’s move to review its US arm is welcomed by investors
INVESTORS have welcomed Tesco’s decision to review the future of its Fresh & Easy chain in the US, which could mark its second retreat from an overseas market within a year.Having ploughed £1...
View ArticleCity unfazed by slower service sector
The London market shrugged off the latest disappointing purchasing managers’ index yesterday but took little cheer from the smattering of business-friendly titbits in the Chancellor’s Autumn...
View ArticleFSA to revamp Libor panels
The City watchdog has unveiled plans to include more banks on the panels that set benchmark interest rates, and said firms that do not volunteer to join could be compelled to participate.The Libor...
View ArticleCiti axes 11,000 but silent on UK figures
Citigroup has unveiled plans to cut 11,000 jobs, or around 4 per cent of its global workforce, in a move aimed at saving around $900 million (£559m) a year.The US banking giant, which employs 9,400...
View ArticleLloyds sells debt package
Lloyds Banking Group has sold a £778.6 million debt portfolio backing properties in Scotland and the north of England for just £390m – a 50 per cent discount. American property investment fund Kennedy...
View Article‘Benign’ markets help drive Brewin Dolphin profits up 37%
INVESTMENT manager Brewin Dolphin grew profits by 37 per cent last year to £29.9 million as it benefited from benign markets and firm customer demand.The company enjoyed a jump in assets under...
View ArticleFarmland values continue to shine
Most of the rest of the economic world is still in the doldrums but the value of agricultural land just keeps on rising. The latest evidence from three leading land agents shows continued investment...
View ArticleChancellor’s moves met with caution
THERE was a cautious reaction from NFU Scotland yesterday to Chancellor George Osborne’s Autumn Statement, with a spokesman welcoming the increase in investment allowances but adding the devil might be...
View ArticleHSBC nets £5.8bn from sale of Ping An stake
HSBC has sold its stake in Chinese insurance venture Ping An to Thailand’s richest man for $9.4 billion (£5.8bn).Dhanin Chearavanont’s Charoen Pokphand (CP) Group will take on HSBC’s 15.6 per cent...
View ArticleBusiness briefs: Morrisons | EasyJet | Schuh | Headlam Group | Havelock Europa
THE latest business news as Morrisons renews its distribution contract with Norbert Dentressangle and EasyJet’s CEO sees her salary and bonuses rise to nearly £1.99 million from £1.55 million in 2011.•...
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