- Ferry collides with harbour wall
- Further fall in house prices: Study
- Shop sales fall biggest since 1999
- MPs seek 'answers' on independence
- BAA warning on Heathrow hub plans
- Independence 'key to growth boost'
- Pilot run for domestic abuse court
- Trial date for murder accused, 13
- Bid to rescue crisis-hit Rangers
- Unemployment rate up by 16,000
- Man charged in house attack inquiry
- Marchers support same-sex marriage
- Toddler death case report released
- Two arrested after house drugs raid
- Sheridan in legal bid over damages
- First-time buyers seize duty bonus
- Panda cake treat for zoo keepers
- Homelessness 'down by a fifth'
- Third man held in ear attack probe
- Rail signal staff on 24-hour strike
Industry
Rolls-Royce wins £133m engine deal
Rolls-Royce has won a $210 million (£133m) deal to supply Fiji’s national carrier Air Pacific with Trent 700 engines for three Airbus A330 planes.
Top gear: JLR the driving force behind Tata growth
India’s Tata Motors reported a stronger-than-expected 40.5 per cent rise in quarterly profit yesterday as robust sales at Jaguar Land Rover (JLR) more than made up for weakness in its home market.
Scotgold is mining a rich seam
SHARES in Scotgold Resources, the Aim-quoted firm set to open Scotland’s only commercial gold mine near Tyndrum, jumped by more than 8 per cent yesterday after planning permission was confirmed.
Olympus set to lose £260m
Scandal-hit Olympus yesterday forecast a full-year loss of about £260 million due largely to its ailing camera operations.
BAE to play down threat of shipyard closure
DEFENCE giant BAE Systems is poised to play down fears this week that it could close a Scottish shipyard as part of a review of the shipbuilding business if Scotland votes for independence.
1 comment
Contracts hit right note for Simple Audio
A GLASGOW company behind a high- definition music player that uses the mains network in homes to distribute sound is targeting audiophiles as far afield as New Zealand after signing a string of sales contracts.
Michelin’s profits are not tired
STRONG growth in demand for specialist tyres for trucks and mining industry vehicles helped Michelin beat analyst expectations on profits last year, writes Perry Gourley.
Weir Group joins £200m bid battle for Australian mining firm
ENGINEERING giant Weir Group has announced it is planning a third acquisition in almost as many months after making a £200 million approach for Australian-listed mining specialist Ludowici.
De Beers sparkles despite output fall
DE BEERS yesterday posted a 21 per cent rise in 2011 profits on the back of a record sales boom at the start of last year, but the diamond producer reported a dip in annual production and said it expected to continue to rein in output growth in 2012.
Driving force: China and US sales put Daimler and Mercedes into top gear
MERCEDES-owner Daimler has racked up record annual profits as sales in China and the US shifted into top gear.
Rolls-Royce’s profitability powers ahead despite cuts in UK defence
ENGINEERING giant Rolls-Royce yesterday posted record full-year profits of more than £1 billion in the wake of strong demand from airlines for more fuel-efficient engines.
Stork wins £10m African contract
Stork Technical Services has won a £10 million contract to carry out subsea inspections for an oil and gas driller off the west coast of Africa.
Standard Life refuses to back $90bn Glencore and Xstrata merger
A DEAL to create a $90 billion (£57bn) powerhouse spanning mining, agriculture and commodities trading came under attack from major shareholders yesterday, including Standard Life Investments (SLI).
Angels put their cash into Bloxx
Internet filtering firm Bloxx is to invest in further product development after securing £550,000 from business angels and Scottish Enterprise.
Car sales rise in January
HOPES grew yesterday that Scotland’s car dealerships will have a better year than previously forecast as sales in the opening weeks of 2012 motored ahead.
Factories fear for falling orders in face of eurozone crisis worries
ONGOING concerns about the eurozone debt crisis and the ensuing political uncertainty have dented confidence among Britain’s small manufacturing companies, the CBI will warn today.
Wolfson chief faces questions over high costs
WOLFSON Microelectronics chief executive Mike Hickey will come under pressure from the City this week to justify the Edinburgh-based chip maker’s high overheads while the company’s losses widen.
Chinese in £283m bid for Saab
chinese car maker Zhejiang Youngman Lotus Automobile has made a 3 billion crowns (£283m) offer for bankrupt Swedish group Saab which has drawn a cool response from receivers.
Glencore could have to pay more than £25bn for Xstrata
GLENCORE, the commodities trading giant, may have to pay more than £25 billion to secure a merger with Xstrata, according to research published yesterday.
UK jobs among 3,500 facing the axe as Pilkington retrenches
Glass manufacturer Pilkington is to cut production at one of its UK plants under plans to axe 3,500 jobs worldwide.
George Kerevan: Paying for superstars, but are they that good?
WHY do bankers earn so much? If there’s a reason other than pure greed, then Royal Bank of Scotland chairman Sir Philip Hampton is whistling in the wind when he says bankers’ pay has been “high for too long” and needs “corrected”.
1 commentSubsea 7 lands £63m BP North Sea contract
OFFSHORE engineering group Subsea 7 has landed a fresh $100 million (£63m) contract with BP for work on a massive project off the Shetland Islands.
Glencore and Xstrata resume talks on possible £60bn ‘super-merger’
Commodities trader Glencore and mining group Xstrata yesterday revealed they are in talks over a merger which would be the industry’s largest-ever deal.
Business news in brief: Refinery attracts global interest
ADMINISTRATORS to an oil refinery which went bust have received more than 40 expressions of interest from companies around the world, the UK government announced yesterday.
Building company goes to the wall
A LANARKSHIRE building contractor has gone bust, with the loss of 11 jobs.
Call for local councils to give land to housing associations
SCOTLAND’S main housing association body yesterday called on local authorities and other public groups to hand over land for free to meet demand for affordable homes and help the flagging construction industry.
McColl’s latest fund picks up £420m with US investors leading the way
CLYDE Blowers Capital, the private equity vehicle set up by Jim McColl, has attracted more than £420 million from investors for its latest fund to back engineering businesses.
1 comment
Manufacturing upturn eases fears of double-dip recession hitting UK
UPBEAT manufacturing data on both sides of the Atlantic yesterday bucked the broader global trend for falling factory output, easing fears of a double-dip recession in the UK.
Stork flying: Engineering group to unveil £25m contract
STORK Technical Services, the Netherlands-based engineering firm, will today unveil a £25 million North Sea contract that will create 30 jobs at the company’s Scottish operations.
Stringer standing down at Sony
Welshman Sir Howard Stringer, one of the few foreign bosses to head a major Japanese company, is to give up his role as Sony chief executive but remain as chairman.
John Clark expands its Skoda arm into Perth
John Clark, one of Scotland’s biggest motor dealerships, has made its first move into the Perth area with the acquisition of the Thomson & Potter Skoda dealership.
Business news in brief: Rogue City financier hit with record fine
BRITAIN’S financial regulator has slapped a record fine on City financier Ravi Sinha for an invoicing scam when he was in charge of the European operations of US buyout giant JC Flowers.
Scotia Homes sees its profits halved
PROFITS at Peterhead-based Scotia Homes halved last year as “difficult” conditions continued in the housebuilding sector.
Business news in brief: Terrace Hill wins Sainsbury’s deal
TERRACE Hill, the Glasgow-based property developer founded by oil tycoon Robert Adair, yesterday won a contract from Sainsbury’s to build a supermarket at Sedgefield.
Home is when heart is for Citylets.co.uk
Flat rental portal Citylets.co.uk has flagged strong 2011 results, with visitor traffic and enquiries to agents said to be up by more than a fifth.
SMAS urges firms to add value
SCOTLAND’S manufacturers must focus on “high-value, high-margin” products if they want to bolster exports and help prevent a return to recession, according to a senior industry figure.
Mine host: Scotgold tests produce encouraging results
Scotgold Resources, the Aim-quoted firm set to open Scotland’s only commercial gold mine near Tyndrum, said it was “encouraged” by exploratory tests in another area five kilometres from its maiden project.
Ford driven to distraction by weaker demand
CAR giant Ford reported weaker-than-expected profits yesterday as it was hit by higher costs and weak demand outside North America.
Sparrows puts itself up for sale over debt
AN ABERDEEN crane hire business has been forced to put itself up for sale as lenders put pressure on its owners to call in more than £100 million worth of debt.
Quartermile development ‘sold to London group in £65m deal’
GLADEDALE Capital is selling its landmark Quartermile development in Edinburgh to a London-based property group for an estimated £65 million.
1 comment
Scottish industry’s plunging confidence will hit investment
SCOTTISH manufacturers are to scale back investment across the board as confidence has sunk to a three‑year low amid domestic and foreign pressures, business leaders revealed yesterday.
Renishaw shares surge on turnover
ENGINEERING firm Renishaw shot to the top of the FTSE Techmark risers’ board yesterday after posting record first-half turnover.
Weir’s £113m move raises its stake in controversial ‘fracking’
WEIR Group has further extended its reach into the high-growth but controversial shale gas market with the £113 million cash acquisition of US pump valve maker Novatech.
Quarries ‘merge’ to extend life and jobs
ANGUS Council yesterday gave the go-ahead for plans to extend the working life of two quarries at Monifieth, near Dundee, by 30 years.
Oman talks could boost BAE jobs
Defence group BAE Systems is in talks with the government of Oman to supply a number of Typhoon fighter aircraft, which would be delivered within three years of a contract being signed.
Optos revenues on the up
Fife-based eye scanner specialist Optos continued to grow revenues in the final three months of 2011 as customers renewed leasing contracts even as the firm moved to selling its devices outright.
Exports are the driving force behind rise in UK car production
Record exports have helped drive a near-6 per cent rise in the number of cars built in the UK last year.
Airbus outsells rival Boeing by 2 to 1
Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more aircraft than its rival for the ninth year running, it emerged yesterday.
1 comment- Rangers run into the ground as furious HRMC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Rangers blame HMRC for driving club to brink of administration
- Six Nations: Steadman given notice as ruthless Robinson seeks to strengthen team
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Tuesday’s football news and gossip
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- The Rumour Mill: Monday’s football news and gossip
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Wednesday 15 February 2012
Today
Cloudy
Temperature: 6 C to 11 C
Wind Speed: 18 mph
Wind direction: West
Tomorrow
Cloudy
Temperature: 6 C to 11 C
Wind Speed: 20 mph
Wind direction: South west
