Company News

  • Boards 'hampered by non-executives'
    23 February 2012

    Having more non-executive directors on company boards only reduces their effectiveness, according to the findings of research that could undermine a key claim of corporate governance activists.

  • Moody's warns of second rating cut at Clydesdale
    23 February 2012

    CREDIT rating agency Moody's has warned it may downgrade Clydesdale Bank, less than five months after it last cut its stance on the bank's debt.

  • Centrica signs £246m deal for North Sea sites
    23 February 2012

    SCOTTISH Gas-owner Centrica has agreed to buy a big portfolio of oil and gas assets in the UK North Sea from Total for $388 million (£246m) and underlined its desire for similar deals.

  • Jobs to go as Dawn closes general construction arm
    23 February 2012

    SCOTTISH company Dawn Group will implement an "orderly closure" of its general construction division with the loss of about 60 jobs, and focus in future on housebuilding and property development.

  • Galliford Try has Scottish success
    23 February 2012

    THE head of Galliford Try's construction arm said it has performed well in Scotland amid challenging conditions and praised the Scottish Government for investing in infrastructure projects.

  • ACE seals deal for Whole Food work
    23 February 2012

    A SCOTTISH company has won a service and maintenance contract to make sure the produce at Whole Foods Market stays cool.

  • Global increases stake in Ross-shire Engineering
    23 February 2012

    Global Energy Group increased its shares in Muir of Ord-based Ross-shire Engineering to 51% this week in a move welcomed by both parties, writes David Ross.

  • Eurozone fallout could still hit UK, warns Bean
    22 February 2012

    BANK of England deputy governor Charlie Bean last night warned that eurozone events could yet unfold in a "disorderly and damaging fashion", hitting UK exports, bank lending, and consumer and business confidence.

  • Pernod Ricard ponders plans for distillery
    22 February 2012

    Drinks giant Pernod Ricard will consider building a new distillery in Scotland if it sees demand continuing to rise after the re-opening of its last mothballed site at Glen Keith next year.

  • Total felt betrayed by North Sea tax hike, says chief
    22 February 2012

    THE head of Total's UK operations signalled its flagship development west of Shetland would not have been approved if the company had known in advance about the hike in the tax on North Sea profits that was imposed in the Budget last March.