- Third man in court over bitten ear
- Construction firm in liquidation
- £4m lottery winner was 'going mad'
- Family blasts rally crash decision
- Small firms demand rules overhaul
- Salmond: Independence key to growth
- Comedian Corbett to receive CBE
- Rangers 'will continue as a club'
- Fire service cuts 'will pose risk'
- PM to make case for retaining union
- Implant victim issues scans appeal
- Trial date for murder accused, 13
- US analyst wary of independence bid
- Unemployment rate up by 16,000
- Pilot run for domestic abuse court
- Sillars questions 'devo max' option
- MPs seek 'answers' on independence
- Ferry collides with harbour wall
- Bid to rescue crisis-hit Rangers
- BAA warning on Heathrow hub plans
Business
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Martin Flanagan: Merlin’s wings have been well and truly clipped
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Bill Jamieson: An iMotto - a watched investment never boils
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George Kerevan: Is a £1 bonus for every £2 earned a good deal?
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Terry Murden: Charles Hammond needs deals after power plant U–turn
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Martin Flanagan: Why Planet Normal must rein in the rhetoric
Jobs on the line as Heineken unveils £420m cost cuts plan
THE British brewing industry was braced for more job cuts yesterday as Heineken unveiled plans to take another €500 million (£420m) out of costs.
Sir Mervyn King cautiously optimistic but warns of economic ‘zig-zagging’
A FURTHER bout of money printing to help boost Britain’s ailing economy is far from certain, analysts said yesterday, as the governor of the Bank of England sounded a note of cautious optimism.
Blow for eurozone as two major economies dip into recession
Two of the largest economies in the eurozone have fallen into recession, according to figures yesterday which also showed Germany had its first negative quarter since 2009.
2 comments
Fund offers investors a chance to cash in on Amazon
INVESTORS have been given the chance to earn a return from Amazon’s huge new warehouse in Dunfermline through a £47.2 million fund.
Virgin Atlantic seeking 500 cabin crew for new routes
VIRGIN Atlantic has launched a recruitment drive for 500 cabin crew under plans to expand the airline’s network and fleet.
1 comment
Profit surge for gas meter firm Smart Metering Systems
SHARES in Glasgow-based Smart Metering Systems (SMS) surged nearly 10 per cent yesterday after the gas meter specialist posted a near-doubling of underlying profits.
Santander’s £2.5m backing for ex-rugby star Jim Aitken’s grain business
FORMER Scottish rugby captain Jim Aitken has secured £2.5 million in bank funding to expand his grain storage business.
Thorntons defiant as profits melt
Struggling retailer Thorntons slumped to half-year profits of less than £1 million today after counting the cost of a poor Christmas performance.
Sports Direct steps up sales pace
Newcastle United owner Mike Ashley remains on track for a multi-million pound windfall after his Sports Direct chain continued to beat expectations.
Peoples Motor Group positive despite dip in profits from record 2010
TRADING at Peoples Motor Group has stabilised after falling back from a record year in 2010, with founder and chairman Brian Gilda saying he is “delighted” with the group’s performance in a difficult and challenging market.
Stobart delivering hope to property sector
HOPES were raised yesterday of a pick-up in Scotland’s flagging commercial property sector as one of the biggest industrial lettings in months was agreed with haulage giant Eddie Stobart.
Breeding the best is the best option
Recent research has shown that, for every pound spent in this country on plant breeding, up to £40 is generated in the wider UK economy and, according to Nigel Kerby, who heads Mylnefield Research Services (MRS), investment in plant breeding is critical for any country with ambitions for its agriculture.
Disappointment over final milk supply plan
Tough talking in the European Parliament on the failings in the milk supply chain last year may have raised hopes the politicians would impose stricter conditions on buyers but yesterday, when the final package emerged, there was disappointment for farming unions and Scottish politicians.
175 consutrction jobs axed at Donaghy
GOVAN was dealt a second blow in as many days yesterday when 175 jobs were axed at construction firm Donaghy.
Nothing sweet about Thorntons’ profit dip
Struggling retailer Thorntons has slumped to half-year profits of less than £1 million after counting the cost of a poor Christmas performance.
Mike Ashley to cash in on Sports Direct sales hike
AN “EXCEPTIONAL” update on third quarter sales at retailer Sports Direct will see its deputy chairman Mike Ashley “certain” of getting a multi-million pound windfall. Analysts also welcomed hints that the firm would pay out a dividend to shareholders as early as this year.
FSA’s Margaret Cole to step down after seven years at watchdog
MARGARET Cole, the Financial Services Authority’s (FSA’s) head of conduct, will step down from the City watchdog at the end of next month after serving seven years at the regulator.
Markets: North Sea rumours Xcite the market
SHARES in Xcite Energy jumped more than 15 per cent yesterday amid speculation that the Aberdeen-based oil explorer is preparing to release a statement to the stock market.
Domino’s Pizza to create 1,800 posts
Domino’s Pizza has pledged to create 1,800 jobs in 2012 by rolling out more stores as hunger for its fast food continues to grow.
Brightwork shines in drinks sector
BOOMING global sales in the Scotch whisky industry have led to record turnover and profits at Brightwork Group, a recruitment firm that supplies temporary staff to the food and drink sectors.
Troubled Coryton refines a deal
An OIL refinery that went bust has seen its immediate future secured under a deal that will provide it with work for the next three months.
Merry tidings for under–fire Tenon
ACCOUNTANCY firm RSM Tenon yesterday chose former Maxtrix brokerage boss Chris Merry as its chief executive to lead a turnaround strategy.
Thomson Airways starts negotiations with staff over redundancy plans
THOMSON Airways has begun consulting staff over redundancies, raising the prospect of hundreds of job losses, unions have revealed.
Jones stands firm on reforms
Scottish farmers expressing concern over aspects of the reform of the common agricultural policy were met with a stonewall reaction by Gwilym Jones, a member of the European Union’s agricultural commissioner’s team.
Markets: City treads water as banks share suffer
MARKET caution ahead of a crucial decision on Greece and a threat to the UK’s triple-A credit rating hit shares in the two state-supported banks yesterday.
US sales hit as consumers cut back
Retail sales in the United States rose less than expected in January as consumers cut back on car purchases and did less online shopping, figures yesterday revealed.
Fresh Peacocks blow as ‘suitors pull out’
Thousands of staff at collapsed retailer Peacocks were facing further uncertainty yesterday amid reports that only one company remained in the race to salvage the firm.
Crude output to fall in March
Crude oil output from the North Sea is set to fall in March for a third month this year due to maintenance work and natural declines.
Yell upbeat despite revenues slump
Yellow Pages owner Yell highlighted the importance of its turnaround strategy yesterday after revealing a further slump in revenues.
RBS arm renamed to aid sale plan
Royal Bank of Scotland’s insurance division RBS Insurance is to change its name to Direct Line Group as part of plans to find a buyer for the business.
1 commentRolls-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.
Landowners net 250% hike in rental income from wind farms
Scottish landowners have enjoyed a 250 per cent hike in rental income from wind farms during the past decade and are set to see further rises this year, research has revealed.
2 commentsTop 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.
Titan Torque seals £4m AGR contract
Titan Torque Services, an Aberdeen-based oilfield equipment specialist, has secured a £4 million contract with one of the world’s largest well management firms.
Glacier hails ‘milestone’ deal
Glacier Energy Services yesterday said it had reached “another milestone in its rapid growth” by signing a contract that is set to generate annual revenues of £2.5 million.
Aquamarine gets expansion green light
AQUAMARINE Power, the Edinburgh-based renewables company, yesterday got the go-ahead to expand its wave energy site at Orkney, which could potentially supply electricity to power more than 1,000 homes.
Richard Lochhead moves to reassure landowners over tenancies
SCOTTISH landowners were assured yesterday by the Richard Lochhead that he had no plans to introduce a “right to buy” clause for farm tenants.
Cupid and Friends Reunited agree website brands deal
CUPID, the online dating business, yesterday struck a deal with Dundee-based Friends Reunited to take over the operation of several of its website brands.
CBI calls for new mid-sized bond market
THE CBI is calling on the UK government to remove barriers to non-bank finance by creating a mid-sized bond market with tax breaks for investors.
GVA boosts market share on RGA takeover
RGA Consulting, the hotel and leisure property adviser based in Edinburgh and London, has been sold to commercial real estate firm GVA.
One in six of UK’s smallest firms expects to go under this year
MORE than one in four of the Britain’s micro-businesses expects to fold in the next two years, according to research published today.
1 comment
Olympics boost as IHG beats profits forecasts
THE hotel giant behind the Holiday Inn and Crowne Plaza chains has received an early Olympics boost with its London establishments already 85 per cent booked for this summer’s games.
Lloyd’s faces £1.4bn hit from Thai floods
Last year’s Thai floods look set to cost the Lloyd’s of London insurance market some £1.4 billion, the third-biggest loss it has absorbed in its 324-year history.
Nexus Oncology completes journey from back bedroom to global force
A CANCER research firm founded 13 years ago by a former Edinburgh University student in her back bedroom has been sold to a US company in what is thought to be a multi-million pound deal.
2 commentsErikka Askeland: ‘New normal’ as Moody’s and Co downgraded
SAY what you like, but the pronouncements of ratings agencies just aren’t what they used to be. And some – actually most – would argue it couldn’t have happened to a nastier lot.
1 commentYell sees more revenues pressure
Yellow Pages owner Yell highlighted the importance of its turnaround strategy after revealing a further 15 per cent slump in revenues.
Lloyd’s of London faces £1.4bn bill for Thailand’s floods
The Lloyd’s of London insurance market is facing claims worth £1.4 billion from the severe floods which have devastated parts of Thailand.
Apple looking tasty as shares top $500 level
Shares in technology icon Apple broke through the $500 mark for the first time yesterday.
Lawyers cut costs to maximise profits as firms face pressure
PROFITS at Scotland’s law firms have risen for the first time since the financial crisis – but the headline figure masks tough times for the smallest and largest practices.
Positive global news helps FTSE to bounce back
THE Footsie surged back through the 5,900 barrier last night after a report from an influential think tank raised hopes that the global recovery had reached a positive turning point.
- 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
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- 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: Wednesday’s football news and gossip
- The Rumour Mill: Tuesday’s football news and gossip
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Weather for Edinburgh
Thursday 16 February 2012
Today
Light rain
Temperature: 5 C to 11 C
Wind Speed: 21 mph
Wind direction: South west
Tomorrow
Light rain
Temperature: 6 C to 10 C
Wind Speed: 20 mph
Wind direction: South west
