- Edinburgh 'best city of the future'
- Grimason backs arms trade treaty
- 'Progress' made in referendum talks
- Police name death crash teenager
- Restaurant stand-off: man in court
- Fishing quotas talks set to resume
- Man faces 'siege' murder bid charge
- First-time buyers seize duty bonus
- Marchers want same-sex marriage law
- Children targeted in exercise drive
- Passenger numbers down at airports
- Leishman backed in councillor bid
- Language pupil wins trip to China
- Scotland 'staving off recession'
- Rapist linked to Jodi Jones murder
- Buyers offering less for homes
- Man dies following car collision
- Police arrest two after house siege
- Wave energy receives £6m boost
- Children's tsar backs uniform calls
Management
McColl sells another business in multi-million pound deal
Scottish tycoon Jim McColl has sold another of his businesses, Swiss pumps business Maag Group, in a deal likely to be worth hundreds of millions of pounds.
PID offers a solution to soaring metal theft problems
KILMARNOCK security specialist PID Systems is set for expansion in England amid booming demand to protect copper, lead and other valuable commodities from theft.
Regulator’s call means pension deficits could prevent takeovers, warns lawyer
LEGAL rulings in high-profile court cases featuring collapsed US investment bank Lehman Brothers and broadcaster ITV could put the brakes on already low merger and acquisition (M&A) activity, a senior Scottish lawyer has warned.
Souter sits out first round of bidding for capital airport
Sir Brian Souter is holding back on a bid for Edinburgh Airport, ruling himself out of first round bidding which could be finalised as early as today.
1 commentGas2 gets funding for pilot plant to demonstrate gas-to-liquid technology
Backers of a Scottish company researching ways to turn natural gas into liquid fuel have injected a further £5.5 million into the venture to build a pilot plant to demonstrate its technology.
McKinnon keeps on building expertise
Years of self-development are paying off for health and safety expert Ian McKinnon.
Director dealings: Board buys as Telecom Plus slides
TELECOM Plus, which supplies utility services to homes and small businesses, has seen its shares drift down after hitting a record high in November.
Viridor upgrades recycling operation
WASTE management firm Viridor is to turn its facility near Edinburgh into one of the world’s most advanced glass recycling plants.
Flying low: Muted demand keeps Flybe revenues flat
Airline Flybe yesterday confirmed that muted demand left revenues at its UK business broadly flat in the final quarter of last year, following a warning last month.
Serial chairman Chris Greig dies at 77
ONE of Scotland’s most experienced company leaders, Lees Foods chairman Dr Chris Greig, has died aged 77.
Scottish Business Briefing – Friday 10 February, 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.
Croma deal lifts shares
Shares in Croma Group, the Dumfries-based security firm run by former soldiers of the Black Watch, soared yesterday after it announced a new contract.
Eurozone woes take shine off Vodafone
Mobile phone giant Vodafone said yesterday that austerity in southern Europe caused it to miss revenue targets in the final quarter of last year.
Brewin Dolphin takes first bite at landmark office development
Brewin Dolphin, one of Britain’s biggest independent investment managers, has been signed up as the first key tenant in the landmark office development under construction next to the Edinburgh International Conference Centre.
Virgin Media creates 620 jobs
CABLE operator Virgin Media is to create 620 jobs as it seeks to build on the growing popularity of its TV-on-demand service.
Open cast coal firm creates more than 50 jobs in West Lothian
More than 50 jobs are being created in West Lothian as work presses ahead on an open cast coal mine.
Job cuts as Nokia assembly moves to Asia
Struggling phone maker Nokia yesterday announced plans to cut 4,000 more jobs as it looks to slash costs by moving smartphone assembly work to Asia.
Vestas top team quits as profit dips
The chairman of Vestas Wind Systems, the world’s largest maker of wind turbines, yesterday announced he will step down after last year’s profits fell substantially below target.
Thomas Cook sees losses increase
FRUSTRATED shareholders piled pressure on the bosses of struggling tour operator Thomas Cook yesterday following one of the most turbulent periods in the company’s 175-year history.
Scottish Life maintains record form
Scottish Life continued to pull in record levels of new business last year, despite “very challenging” conditions.
Bellway upbeat as sales rise ahead of spring season
Housebuilder Bellway said a “resilient” market meant it grew sales in the past six months and was enjoying higher levels of interest ahead of the spring selling season.
Mining merger haggling leads to investors cashing in on shares surge
Investors cashed in their gains on commodities trader Glencore and miner Xstrata yesterday as the two firms haggled behind closed doors on the terms of their proposed merger.
Top Fed official calls for US interest rate to rise in 2013
THE Federal Reserve should start raising interest rates next year, a top Fed official said yesterday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing “disaster.”
Angel flying on new contract news
Shares in life sciences firm Angel Biotechnology leapt yesterday as the company announced new contracts with its biggest customer worth “in excess of” £4.5 million.
Scottish Business Briefing – Monday 6 February, 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.
New appointments as HSBC expands
Banker Stephen Leckie has moved to HSBC as it seeks to grow its operations north of the Border.
Interview: David Cochrane, chief executive of the Hospitality Industry Trust (HIT)
Tourism industry must prepare now to reap the rewards of 2014
Virgin’s picture similar to that of rival
VIRGIN Media is expected to reveal that its customer base stabilised towards the end of last year, confirming that the big players in the highly-competitive television, broadband and telephone market are entrenching their positions.
Stephane Garelli’s message for ‘a land of the future’
STEPHANE Garelli, one of the world’s top economists, will urge governments and businesses to work more closely together when he addresses 300 delegates at the Scottish Council for Development and Industry’s annual forum next month.
Netalogue riding out recession
E-COMMERCE specialist Netalogue Technologies recently said it was continuing to see good growth in demand despite difficult economic conditions.
Scots company failures rise, with more to come
A RECORD number of Scottish companies went bust last year and experts yesterday warned of even higher failure rates.
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.
Robison joins SEP to run energy fund
INVESTMENT management firm Scottish Equity Partners (SEP) has hired Tony Robison to help run its recently-launched £95 million energy and environmental technologies fund.
Barclays taps into intelligence
Barclays Wealth has bolstered its ranks in Glasgow with three appointments including the hiring of an ex-RAF intelligence officer.
Drugs giant AstraZeneca to axe 7,300 global jobs
Pharmaceuticals giant Astra-Zeneca said yesterday it would axe 7,300 jobs as the company shrinks in the face of declining revenues.
Van Kersbergen takes the Xodus chair
ENERGY consultancy Xodus Group yesterday promoted non-executive director Edward van Kersbergen to the role of executive chairman as it strengthens its board ahead of a £40 million expansion.
Tate’s departure marks end of the Eric Daniels ‘old guard’ at Lloyds
THE last of the old guard who worked for former Lloyds’ boss Eric Daniels is quitting this month as part of a wider management shake‑up unveiled yesterday to ease pressures on his successor at the helm, Antonio Horta-Osorio.
Cairn’s Brown elected to Icas role
Jann Brown, finance director and managing director of oil and gas explorer Cairn Energy, has been elected as junior vice-president of accountants body Icas.
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.
Walden chosen to reignite Argos
AN AMERICAN who has held senior positions at electricals retailer BestBuy and department store Sears was yesterday handed the task of reviving catalogue chain Argos.
1 commentMarket lull hits Brewin Dolphin’s commission
Subdued market activity in the final three months of last year led to a sharp drop in commission income for wealth manager Brewin Dolphin.
North Sea sector in rude health as wages surge
Wages and contractor rates for oil and gas workers in the North Sea continued to climb last year reflecting a “buoyant” industry, figures have revealed.
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.
Horlick starts investor group
Nicola Horlick, the City financier who clashed with Lord Smith of Kelvin and Deutsche Bank in the 1990s, has launched a company to help wealthy individuals invest in small businesses.
1 comment
Uncertainty clouds unveiling of Lloyds chief’s ‘simplified’ working
LLOYDS is expected to unveil the simplified working arrangements for its chief executive as early as today or tomorrow despite continued uncertainty over when finance director-designate George Culmer will be able to take up his position with the bank.
HR high flyer for Balhousie Care
Human resources expert and former RAF officer Tricia Stewart has been parachuted into Perth-based Balhousie Care Group as the firm bolsters its senior management team in time for an expansion campaign.
Iceland chief is determined to go it alone
Iceland retail boss Malcolm Walker was yesterday facing a battle with two private equity firms over the chain he founded more than 40 years ago.
Interview: Niall MacArthur, founder of EAT
EXPANDING in Scotland should be good for business, but for EAT founder Niall MacArthur it is also something of a homecoming.
Chief ups stake in oil recycler
SHARES in Hydrodec, which recycles specialist oils, rose strongly earlier this month after the company said it expected to report significant growth in full-year revenues for 2011.
Business briefs: Life is tweet for motor group’s social network | More QE expected | Ocado losses loom
EASTERN Western Motor Group, one of Scotland’s largest car dealership chains, has hired a digital marketing agency to drive its online plans.
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Broken Rangers: Club signals intention to go into administration
- Six Nations: Steadman given notice as ruthless Robinson seeks to strengthen team
- Six Nations: Wales 27-13 Scotland: Second-half scoring blitz stuns Scots
- The Rumour Mill: Monday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Monday’s football news and gossip
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- Jim Murphy warns that independence could cost ‘thousands’ of defence jobs
- Six Nations: Wales 27-13 Scotland: Second-half scoring blitz stuns Scots
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Weather for Edinburgh
Tuesday 14 February 2012
Today
Cloudy
Temperature: 5 C to 9 C
Wind Speed: 18 mph
Wind direction: West
Tomorrow
Cloudy
Temperature: 6 C to 10 C
Wind Speed: 18 mph
Wind direction: West
