Business news in brief: Jeff Salway| News Corp| John Lewis

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JEFF Salway, personal finance editor at The Scotsman and Scotland on Sunday, has scooped his fourth prize in the past five years at the Headlinemoney awards.

Salway walked off with the financial or business journalist of the year award in the local and regional titles category. He edits the Smart Money section, which will appear in tomorrow’s Scotsman.

Erikka Askeland, senior business writer at the The Scotsman and Scotland on Sunday, was also shortlisted in the same category. Askeland was recently shortlisted as columnist of the year at the Scottish Press Awards.

Pay TV helps News Corp top forecasts

News Corporation beat Wall Street’s forecast for the January-March quarter, helped by growing revenue from pay TV networks including Fox News Channel and FX, and the hit 20th Century Fox movie Life Of Pi.

The company, controlled by billionaire Rupert Murdoch, also benefited from raising its stake in satellite TV company Sky Deutschland. It now holds a majority stake.

Net income jumped to $2.85 billion (£1.83bn) from $937 million a year ago. Excluding items such as the one-off $2.1bn profit related to Sky Deutschland, adjusted earnings came to 36 cents per share, a penny better than expected.

Lowe leaves John Lewis Glasgow site

THE managing director of the Glasgow branch of John Lewis is leaving to take over the department store chain’s new shop in Birmingham.

Kim Lowe, who has run the west of Scotland store for the past three years, has served as a director of the Glasgow Chamber of Commerce and has sat on the Glasgow Economic Leadership Commission.

Lowe said: “I’m absolutely thrilled to be taking on this new challenge and look forward to establishing our regional flagship shop in the heart of the city centre.

“This appointment brings me back to the Midlands where I was born and where most of my family still live.”

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