Company News Archive

THE prospect of Lloyds Banking Group returning to the private sector moved a step closer when shares edged beyond 61.2p – the level signalled by the UK Government as the break-even point on its investment in the bank.

Adam & Company, part of Royal Bank of Scotland, has seen its profits more than double.

JOE O'Donnell has sold his Shields Automotive business in south Glasgow to major listed player Lookers for £8.8 million.

CAIRN Energy, one of the most high-profile victims of last year's shareholder spring of discontent over executive pay, appears to have returned to shareholder favour.

Thomas Cook took another step towards calmer waters yesterday by announcing a £425 million fundraising with shareholders in a bid to cut debt.

INSURANCE giant Prudential has received a rebuke from investors when 11.6% of them voted against a bumper pay package handed to chief executive Tidjane Thiam, describing it as "obscene".

THE chief executive of retinal imaging firm Optos admitted the company had a "tough day" as its shares plunged 17% after worse than expected half-year results.

The offshore wind-farm venture half-owned by utility SSE has finally settled its dispute with engineering giant Fluor.

A NEW whisky beer is to be launched by the brewer behind Tennent's Lager as its Dublin-based owner continues to exploit the potential of the brand in international markets.

BUCHANAN Galleries is experiencing an uplift in footfall following the launch of an adjacent £70 million retail complex.

THE appeal of the North Sea has been underlined afresh in trading updates from two firms with a significant presence in the area.

SHARES in internet dating company Cupid have retreated towards the 60p price they listed on the stock exchange three years ago after the Edinburgh-based group came under renewed attack from short sellers.

The team tasked with giving Marks & Spencer's fortunes a makeover has unveiled the key fashion pieces they think will bring customers back to the ailing store.

Budget airline easyJet announced a big drop in winter losses today as Britons fleeing the country's deep freeze and capacity cuts by rivals helped boost passenger numbers.