Company News Archive

  • Lights, camera, action for Vacion tracking system
    Monday 13 May 2013

    A Scottish engineering entrepreneur has launched a range of tracking systems for cameras to capitalise on the boom in video production encouraged by smartphones.

  • RBS and Lloyds to face shareholders after positive results
    Monday 13 May 2013

    Taxpayer-backed Royal Bank of Scotland and Lloyds Banking Group are facing up to investors as the AGM season gets into full swing, while figures are due from easyJet and Currys and PC World parent Dixons Retail.

  • Digital TV installer switches attentions to energy sector
    Monday 13 May 2013

    A CLYDEBANK-based electrical contractor and digital television installer is targeting 10% revenue growth this year by branching out into the energy sector.

  • Rapeseed oil firm growing success
    Monday 13 May 2013

    A GRAMPIAN rapeseed oil producer is looking forward to driving sales at home and abroad after winning three major supply deals.

  • Smarter Grid Solutions launches new headquarters in Glasgow
    Monday 13 May 2013

    SMARTER Grid Solutions, whose software allows electricity distributors to manage grid congestion issues, bring more renewable energy to the grid and cope with the rising electricity demand, launches its new HQ in Glasgow today.

  • Biogas producer secures loan deal
    Monday 13 May 2013

    RENEWABLES specialist Energen Biogas has a new term loan and asset finance package with Barclays.

  • Hemingway set to inspire designers
    Sunday 12 May 2013

    Design guru and founder of the Red or Dead accessories brand, Wayne Hemingway, is in Dundee on Thursday, talking about his career as an award-winning designer for companies including Coca-Cola, Sainsbury's, Sky TV, Sony and McDonald's.

  • Reshuffle at SE as top director steps down
    Sunday 12 May 2013

    JIM McFarlane, the longest-serving senior director at Scottish Enterprise (SE), is to step back from his duties, triggering a high-level reshuffle at the agency.

  • Investment sought for small-scale cinema chain
    Sunday 12 May 2013

    THE entrepreneur who reopened Thurso Cinema is seeking between £6 million and £8m of investment backing to open a chain of small picture houses around Scotland.

  • Scottish Coal liquidation leads to dispute over clean-ups
    Sunday 12 May 2013

    A GROUP of Scottish authorities is threatening legal action to prevent the liquidator of Scottish Coal from abandoning disused open-cast mines, with clean-up bills running to tens of millions of pounds.

  • Lloyds agrees to sell loans portfolio for £325 million
    Saturday 11 May 2013

    Lloyds Banking Group has agreed the £325 million sale of a portfolio of UK commercial property loans to an entity affiliated to America's Cerberus Global Investments, which is chaired by former US vice-president Dan Quayle.

  • Co-op's rating downgraded to junk status
    Saturday 11 May 2013

    MUTUALLY-owned Co-operative Group has insisted "this is not a Northern Rock situation" after its bank's credit rating was slashed to junk status and the lender's acting chief executive Barry Tootell resigned in the wake of its failure to buy a branch portfolio from Lloyds Banking Group.

  • Profits boost sends shares in BT soaring
    Saturday 11 May 2013

    SHARES in BT soared 12.3% to a five-and-a half year high as Ian Livingston, the Scot who runs the telecoms giant, unveiled better-than-expected profits and sought to convince investors that ambitious sports television plans will not eat into its earnings.

  • Clydesdale returns to profit after shake-up
    Friday 10 May 2013

    CLYDESDALE Bank's controversial transfer of its troubled commercial real estate (CRE) portfolio to parent National Australia Bank (NAB) has seen it return to profit, slash bad debts and boost its capital surplus.

  • Investors urged to oppose Prudential director
    Friday 10 May 2013

    CORPORATE governance activist Pirc is urging Prudential shareholders to vote against the re-election of Tidjane Thiam as a director at the annual meeting.

  • Cool weather hits BPI figures
    Friday 10 May 2013

    British Polythene Industries (BPI) said its first four months trading are ahead of last year and it expects a good first-half result.

  • Superdry owner hails rise in sales
    Friday 10 May 2013

    FASHION chain SuperGroup shrugged off the freezing start to the year as a revamp of womenswear helped deliver "solid" sales growth.

  • Morrisons still playing catch-up with rivals
    Friday 10 May 2013

    SCOTLAND'S third-largest supermarket chain Wm Morrison continues to lose out to its rivals after posting a 1.8% fall in underlying sales for the three months to May 5.

  • Aviva chairman McFarlane says pay still too high
    Friday 10 May 2013

    JOHN McFarlane, the Scot who chairs troubled insurance giant Aviva, has acknowledged a "fundamental problem" with executive compensation as its reshaped board faced complaints about pay levels and 12.8% of investors failed to back its remuneration report.

  • Funding bid by new bank amid profits boost
    Friday 10 May 2013

    SHAWBROOK, the challenger bank chaired by Sir George Mathewson, said it was confident it could raise more capital from a private equity fund run by Royal Bank of Scotland or other investors by the end of 2013 as it posted an underlying profit for its second year of operation.

  • JD Wetherspoon boss tells pubs to focus on tax fight
    Thursday 9 May 2013

    THE chairman of pub company JD Wetherspoon has urged publicans to focus on fighting for tax equality with supermarkets instead of pinning their hopes on securing a minimum unit price (MUP) for alcohol.

  • Aegon chief undeterred after firm hit by sharp fall in profits
    Thursday 9 May 2013

    THE chief executive of Aegon UK, which employs 1900 people in Edinburgh, shrugged off a sharp fall in profits saying it reflected choices made by the firm in the run up to regulatory reforms and said more changes were to come.

  • Sainsbury's hires Rice following buyout deal
    Thursday 9 May 2013

    SUPERMARKET chain J Sainsbury has appointed Lloyds Banking Group Scotland managing director Lady Susan Rice as a non-executive after sealing a £248 million deal to buy out Lloyds's 50% share in Edinburgh-based Sainsbury's Bank.

  • Sheilas' Wheels boosted by ban on cheaper women's insurance
    Thursday 9 May 2013

    Insurer Esure said rules banning cheaper car cover for women drivers had benefited its Sheilas' Wheels business as customers chose to stay with the group thanks to minimum disruption to its prices.

  • Sleeperz launches new budget hotel
    Thursday 9 May 2013

    EDINBURGH is set to welcome a new budget hotel brand this month as demand for economically-priced rooms from business and leisure travellers continues to grow.

  • Surge in online business but dip in high street sales for Next
    Thursday 9 May 2013

    FASHION chain Next, which is run by Tory peer Lord Wolfson of Aspley Guise, has illustrated the challenges facing retailers after it revealed falling sales in its stores but a surge in online business.

  • Modest growth in earnings per share expected by BAE
    Thursday 9 May 2013
  • Sainsbury profits rise
    Wednesday 8 May 2013

    Profits at Sainsbury rose again today as the supermarket maintained its run of success under chief executive Justin King.

  • Directory business boosts Next
    Wednesday 8 May 2013

    Fashion and homeware chain Next suffered a £12 million hit to weekly sales during the height of Britain's spring freeze, figures revealed today.

  • Profits rise 54% at Booth Welsh following buyout
    Wednesday 8 May 2013

    Booth Welsh, the ambitious Ayrshire-based engineering services business, has reported a 54% increase in profits to just under £1 million in its first year following a management buyout.