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Technology
Scotland could miss jobs cull at Hewlett-Packard
Hopes were high today that Scotland can avoid the worst of the 27,000 job cuts unveiled by computer maker Hewlett-Packard (HP) because the American firm has already restructured its facility at Erskine, near Glasgow.
BT boss picks up £3.85m pay package
IAN Livingston, the Scots-born chief executive of BT, rang up a bumper pay package last year with total salary, cash and share bonuses of £3.85 million, according to the firm’s annual report.
Strathclyde beats top European universities to win Korean deal
THE University of Strathclyde has fought off competition from five other higher education institutions to become the exclusive European partner on a research and development programme backed by the South Korean government.
Scots to benefit from life sciences £250m funding
SCIENCE minister David Willets is today expected to unveil £250 million in fresh funding for the life sciences sector, which experts say could help to stimulate the industry north of the Border.
Unhealthy US hospital market sends Craneware shares into sharp reverse
SHARES in Craneware took a tumble yesterday after analysts warned the Edinburgh-based software firm’s core American hospital market could remain “depressed” until 2013.
Historic deal: Atos building castles in the air
FRENCH technology firm Atos yesterday won a “seven-figure” contract to supply IT services to Historic Scotland, the Scottish Government agency that runs tourist attractions such as Edinburgh Castle, Glasgow Cathedral and Linlithgow Palace.
Smartphone growth lifts Vodafone
MOBILE phone operator Vodafone has reported annual profits at the top end of City forecasts, boosted by growing smartphone use, but warned that revenue growth in the year ahead will fall short of previous estimates.
Facebook shares slide prompts IPO price claims
SHARES in Facebook fell sharply below their flotation price yesterday and left some investors who bought into the company on Friday nursing heavy paper losses.
Ecometrica wins National Express software contract
National Express has chosen Edinburgh-based software firm Ecometrica to help the coach operator measure the amount of carbon dioxide and other greenhouse gases emitted by its vehicles.
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HP plant to bounce back from layoffs
IT WAS once one of the flag-bearers for Scotland’s “Silicon Glen” electronics industry before manufacturing of computer terminals was switched to the Czech Republic and hundreds of workers were laid off.
China beckons for East Kilbride-based software firm Gael
THE software firm chaired by former enterprise minister Jim Mather is preparing to open an office in China as it targets 40 per cent turnover growth this year to push sales through the £10 million mark.
Comment: When a jog turns into a sprint, it’s time to worry
THIS weekend, the leaders of the G8 industrial nations are in conclave at Camp David, President Obama’s wooded retreat some 70 miles from Washington.
TalkTalk’s turnaround sends shares surging 20%
A BROADBAND firm dogged by service problems yesterday signalled that the worst was over as it more than doubled its annual profits and stemmed customer losses.
1 commentOptos shares dip as profits fail to match City forecasts
SHARES in one of Scotland’s fastest-growing technology firms were dealt a severe blow yesterday after its interim profits missed City expectations.
Eye scanner maker dealt shares blow
Shares in one of Scotland’s fastest-growing technology companies were dealt a blow this morning when its interim profits missed analysts’ forecasts.
Angel is spreading its wings
LIFE sciences firm Angel Biotechnology has notched up its second contract win in as many days after ReNeuron selected the Edinburgh-based company to manufacture more stem cells for its clinical trial in Glasgow.
More Facebook shares to feed ‘feverish’ demand
FACEBOOK has increased the size of tomorrow’s share offering as early investors seek to cash in on feverish demand even as car giant General Motors pulled its advertising on the social network.
Angel Biotechnology’s first collagen contract will earn it £400k a year from Cardium
LIFE sciences minnow Angel Biotechnology yesterday unveiled the first contract for its collagen factory in Glasgow, just a week after buying the plant from sausage skin maker Devro.
Facebook’s flotation value tops $100bn as takers form a queue
FACEBOOK yesterday nudged up the price of shares in its initial public offering (IPO), potentially valuing the eight-year-old company at more than $100 billion (£62bn).
Yahoo’s ‘disgraced’ chief executive Scott Thompson has cancer
Yahoo chief executive Scott Thompson, who stepped down after just four months at the helm of the internet company amid allegations he had embellished his academic record, has been diagnosed with thyroid cancer, it was claimed yesterday.
Teeth scanner firm 3D Diagnostic Imaging expands into Middle East
SHARES in dental equipment maker 3D Diagnostic Imaging jumped yesterday after the Dundee-based outfit revealed sales were rising and unveiled a clutch of distribution deals.
Oban firm eyes £45m benefit
A DEAL with the Medical Research Council (MRC) to develop treatments for irritable bowel syndrome could help to generate £45 million over the next five years for an Oban-based life sciences firm, its chief executive yesterday revealed.
SE ramps up growth drive
SCOTTISH Enterprise (SE) chairman Crawford Gillies is to use a visit to a technology spin-out company tomorrow to kickstart his agency’s push to stimulate faster economic growth.
Retro boutique receives new app-arel
A BURLESQUE boutique in Edinburgh has signed up to become the first shop to test a new smartphone app that allows customers to receive special offers through wireless networks.
TV producer will share its expertise to help health service use technology
MAVERICK, the TV producer behind Channel 4 series including Bizarre ER and Embarrassing Bodies, is among a number of businesses and doctors focusing on how to bring more technology into the NHS.
Comment: City not carried away despite dividend largesse
THE City, somewhat unfairly, looked a gift horse in the mouth yesterday. BT, riding an earnings recovery from its profit‑warning days, had a troika of good news for its shareholders.
Winning formula: Grand Prix legend Sir Jackie Stewart lights up event
THIRTY early-stage technology companies yesterday pitched their ideas to 80 American, British and European business angels and other investors at Edinburgh University’s “Engage, Invest, Exploit” showcase.
Broadband leads BT back to the land of rising dividends
BT HAS hoisted dividend prospects for shareholders over the next three years and promised a £300 million share buyback in this financial year as the telecoms giant’s financial health is boosted by accelerating broadband roll-out.
Albagaia wins £500k for overseas expansion plan
OVERSEAS expansion is on the cards for environmental technology outfit Albagaia after the Edinburgh-based firm raised nearly £500,000 through business angels and grant funding.
Microsoft tipped to rescue Nokia from ‘burning platform’
SOFTWARE giant Microsoft could step in to rescue Nokia from its “burning platform”, analysts have predicted, as the phone maker struggles to beat rivals Apple and Samsung.
Derek McManus: UK must lead the way in digital developments
IT WAS confirmed last month by the Office for National Statistics that the UK is experiencing the first double-dip recession since 1975.
Investor raises stake in Regenersis to 20%
HANOVER Investors, the activist investor that last year staged a boardroom coup at major Scottish electronics employer Regenersis, has increased its hold on the firm.
Nokia faces class action over Windows switch
Nokia is facing a class-action suit by shareholders over the way the Finnish company has handled its transition to the Windows Phone platform.
Ritchie takes the chair at Blipfoto
Technology entrepreneur Ian Ritchie was yesterday appointed chairman of Blipfoto as the Edinburgh-based photo sharing website secured a six-figure sum of second-round investment to fund its expansion.
Profits at Apple components supplier disappoint
Taiwanese electrical components maker Hon Hai Precision Industry, which makes parts for Apple’s iPad and iPhone, has posted lower-than-expected profits for the first quarter.
Smart card specialist secures £20m deal
SMART card developer Ecebs has landed a contract worth up to £20 million that signals its first big push into overseas markets.
Samsung rings up right numbers as it trumps rivals Apple and Nokia
Samsung Electronics yesterday claimed two scalps after overhauling Nokia as the world’s biggest maker of mobile phones, while its Galaxy models outstripped Apple’s iPhone at the high end of the market.
Amazon Kindles a fire as e-reader sales help smash Wall Street forecasts
Booming sales of e-readers in the UK and the launch of Kindle Fire in the United States have helped Amazon smash Wall Street profit hopes.
ProStrakan’s pain patch go–ahead
DRUGS developer ProStrakan, which was bought last year by Japanese peer Kyowa Hakko Kirin, has been given permission by the European Commission to sell an anti-sickness patch on the continent.
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- Scottish independence: ‘People here are best qualified to run Scotland’
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny spells
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: East
Tomorrow
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
