IT migration costs Tesco Bank £40m as parent sees profit rise
Delays in product launches and a shift to a new computer system cost Tesco’s banking arm some £40 million last year, it was revealed on Wednesday (Scotsman).
Small fund calls for vote against Barclays bonuses
A TINY investment fund based in Bearsden, East Dunbartonshire, is voting against bonuses at banking giant Barclays and calling on big institutions to follow the new Stewardship Code and go public with their objections Herald).
Growth takes a dip but jobs raise prospect of Scottish recovery
Scotland’s economic growth took a step back in the run-up to Christmas, as the eurozone crisis and the fall-out from the financial crash raised the prospect of a double-dip recession (Scotsman).
ENERGY & UTILITIES
Doosan Power pulls out of deal to create hundreds of wind jobs
A project that would have created hundreds jobs in Scotland’s offshore wind sector has been scrapped after a major foreign investor pulled out (BBC).
MEDIA & LEISURE
Adventure-holiday company targets big overseas spenders
A Highland adventure-tourism firm wants to develop more international links after winning contracts worth £350,000 from overseas P&J).
Amor on the acquisition trail as it eyes push to top £100m sales
SCOTTISH technology outfit Amor Group remains on the acquisition trail and wants to buy firms that can add £15 million to its sales, pushing it through the £100m mark by 2014 (Scotsman).