Footfall drops as shoppers delay Christmas spending
FOOTFALL across high streets, retail parks and shopping centres dropped year-on-year over each of the past three weeks as shoppers delayed their Christmas spending, according to figures published...
View ArticleLuscombe’s dual role at Royal London
KERR Luscombe, group strategy director at life and pensions company Royal London, is to add the finance operations to his role after Stephen Shone decided to step down as finance director after 14...
View ArticleService sector slips but Bank to stay its hand
Hopes for a fresh bout of money printing in the run up to Christmas are likely to be dashed today despite Britain’s powerhouse service sector running out of steam last month.The majority of City...
View ArticleComment: Clarke’s fate at Tesco may hinge on US decision
TESCO chief executive Philip Clarke has had a year to forget, though he will hope that tough decisions being taken now will get the supermarket group back on track.The biggest of these concerns the...
View ArticleJohn McLaren; One thing is for sure: the future is still uncertain
The latest Office for Budget Responsibility’s (OBR) Economic and Fiscal Outlook highlights the uncertainty around the Autumn Statement figures for government borrowing and debt.The OBR’s most crucial...
View ArticleWest Coast Mainline: Virgin Trains to run services for extra 23 months
SIR Richard Branson’s rail company Virgin Trains will carry on running services on the West Coast main line for a further 23 months, it was announced today.• Extension to deal after collapse of bidding...
View ArticleRolls-Royce in bribery talks with SFO
Aerospace engines maker Rolls-Royce is in talks with the Serious Fraud Office (SFO) after investigators asked for information about alleged bribery and corruption in China and Indonesia.The group said...
View ArticleCineworld buys Cameo owner Picturehouse for £47.3m
Edinburgh’s Cameo cinema and the Belmont in Aberdeen have changed hands as part of a £47.3 million deal with Cineworld.The cinemas are part of the 21-strong Picturehouse chain, which will continue to...
View ArticleStandard Chartered facing extra $330m US sanctions fine
Banking giant Standard Chartered is facing a further $330 million (£205m) bill to settle a case with US regulators who accused the Asia-focused group of failing to comply with sanctions against...
View ArticleCupid appoints new finance chief in management shake-up
DATING website operator Cupid has appointed a new chief financial officer as part of a management overhaul.The Edinburgh-based group said Niall Stirling, a former finance chief at energy drink maker...
View ArticleScottish Business Briefing - Thursday 6 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. BANKINGLuscombe’s dual role at Royal...
View ArticleSir Philip Green sells Arcadia stake for £500m
Topshop and Topman were today valued at £2 billion after retail tycoon Sir Philip Green sold a 25 per cent stake in the fashion chains.The billionaire entrepreneur’s Arcadia Group, which also owns Bhs,...
View ArticleBank of England leaves interest rates on hold
The Bank of England’s monetary policy committee (MPC) left interest rates on hold at 0.5 per cent today and kept its quantitive easing (QE) scheme unchanged at £375 billion.Howard Archer, chief UK and...
View ArticleStarbucks to pay around £10 million in tax over next two years
STARBUCKS has announced it plans to pay “somewhere in the range of £10 million” in UK corporation tax over the next two years.• The business will not claim tax deductions for royalties or payments...
View ArticleMulti-national project to grow wheat crops
An AMBITIOUS multi-national research project aimed at bumping up wheat yields by 50 per cent in the next 20 years has been launched in Mexico City this week. It principally involves scientists from the...
View ArticleMarkets: Rollercoaster day for big City name
SHARES in engine maker Rolls-Royce took a hammering yesterday after it emerged that the cornerstone of British industry was the subject of a probe by the Serious Fraud Office (SFO).Rolls said it was...
View ArticleDebenhams ‘backing Britain’ with call for UK suppliers to ‘get in touch’
Debenhams is cashing in on the Jubilee and Olympics feelgood factor by announcing it is to stock more British manufactured products.The department store chain is launching a brand called Made by Great...
View ArticleFishers Services fails to clean up
Restructuring costs saw profits fall last year at laundry group Fishers Services.The Cupar-based company reported a pre-tax profit of £4.6 million for 2011, compared to £5.9m the previous year....
View ArticleLow-emission cars help drive sales up
New cars continued to roll out of Scottish showrooms last month, with strong demand for low-emission models helping to fuel double-digit growth.There was an 11.9 per cent year-on-year jump in...
View ArticleTroubled miner ATH in rescue talks with Better Capital
BETTER Capital, the private equity firm run by veteran investor John Moulton, is in rescue talks to salvage the coal mining operations of ATH Resources.Doncaster-based ATH, which operates all four of...
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