Scottish Business Briefing: Friday 3 June 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.

BANKING & INSURANCE

Trevor Matthews stuns City as he quits Friends for Aviva UK

INSURANCE boss Trevor Matthews yesterday confounded the markets again by announcing a surprise move to become chief executive of Aviva's UK life business.

http://business.scotsman.com/business/Trevor-Matthews-stuns-City-as.6778722.jp

Read all today's banking news from scotsman.com

ENERGY & UTILITIES

Hide Ad
Hide Ad

Asco adds voice to calls for George Osborne to think again on oil tax

Asco Group, the Scottish energy logistics heavyweight, has warned of an "extreme knock on effect" if the Chancellor pushes ahead with plans to raise taxes on North Sea oil and gas production.

http://business.scotsman.com/business/Asco-adds-voice-to-calls.6778735.jp

Read all today's energy and utilities news from scotsman.com

INDUSTRY

Family trusts reveal plans to sell 365m of shares in Wood group

TRUSTS controlled by the Wood family are selling more than 365 million of shares in Aberdeen-based Wood Group under a 1.05 billion return of cash to shareholders.

http://business.scotsman.com/business/Family-trusts-reveal-plans-to.6778727.jp

Read all today's industry news from scotsman.com

MEDIA & LEISURE

Collapse of advertising firms sparks trio of start-ups

TWO of Glasgow's best-known advertising agencies have been wound up, but three new companies have emerged from their ashes within a matter of days.

Hide Ad
Hide Ad

http://www.heraldscotland.com/business/corporate-sme/collapse-of-advertising-firms-sparks-trio-of-start-ups-1.1105104

Landlords in talks over Southern Cross homes

Landlords of loss-making care home operator Southern Cross are in talks with rival companies to transfer management of the facilities after it unilaterally decided to defer part of its rental payments.

http://business.scotsman.com/medialeisure/Landlords-in-talks-over-Southern.6778723.jp

Betfred is the winning bidder for the Tote

UK-based bookmaker Betfred has been chosen to buy the Tote after an auction process that began in November.

http://www.bbc.co.uk/news/business-13637048

Read all today's media and leisure news from scotsman.com

RETAIL

'Mr Jenners' to build new shopping centre for Edinburgh

THE former boss of Edinburgh's famous Jenners department store has unveiled plans for a 10 million retail and tourism "village" on the outskirts of the capital (Scotsman)

Asos sales boosted by international growth

Asos has reported a sharp rise in full-year revenue as sales at the online fashion retailer's international business continue to grow rapidly. Revenue for the year to the end of March was up by 52% to 339.7m, with international sales rising by 142% (BBC).

Read all today's retail news from scotsman.com

ENERGY & UTILITIES

Turriff owner plans to double Scots work

UTILITIES contractor May Gurney yesterday unveiled plans to double turnover at its Scottish business to 80 million over the next five years as the Norwich-based company unveiled record full-year revenue and profits (Scotsman).

Read all today's energy and utilities news from scotsman.com

PERSONAL FINANCE

Edinburgh wins race to be State Street's European hub

Hide Ad
Hide Ad

STATE Street, the US asset servicing firm, is developing a European "centre of excellence" at its Edinburgh base in a move that will add another 90 jobs to its 750-strong Scottish workforce (Scotsman).

Read all today's personal finance news from scotsman.com

TECHNOLOGY

Calvatec eyes rapid growth after takeover by US giant

Scottish electronics firm Calvatec will be looking to accelerate its expansion after being bought by a Silicon Valley Fortune 1000 company (Scotsman).

Iomart's cloud has a 'gold lining' as profits surge 600%

WEB-hosting outfit Iomart yesterday unveiled a 600 per cent surge in profits as demand continues to rise for the Glasgow-based company's "cloud computing" services (Scotsman).

Read all today's technology news from scotsman.com

Related topics: