Scottish Business Briefing - Thursday 11 March, 2010
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Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.
Categories: National news
Fears for Standard Life jobs amid plans for £100m cuts
STANDARD Life has raised the spectre of job cuts after laying out plans to strip £100 million in costs from the business over the next two years.
Categories: National news
Second Alliance buy-back as DC Thomson sells some of its stake
ALLIANCE Trust has spent £19.7 million on its own shares after publisher DC Thomson put part of its stake in the firm up for sale.
Categories: National news
Myners warns of 'hypochondria' in EU over rules on financial risk
CITY minister Lord Myners warned yesterday against "regulatory hypochondria" from Brussels that might demonise private equity and hedge funds.
Categories: National news
Regenersis' TRS acquisition helps revenues to rise by 16%
A RISING demand for repairs to mobile phones and other electronic gadgets in Scotland is driving strong sales growth at Regenersis, the Aim-listed firm said yesterday.
Categories: National news
China makes mockery of UK's woes as exporting grows by 46 per cent
IN STARK contrast to the economic woes on our doorstep, figures yesterday showed exports from China had grown by almost 46 per cent last month, writes Scott Reid.
Categories: National news
Blow for UK recovery hopes as industrial output drops sharply
GORDON Brown's attempt to persuade voters yesterday that the government is steering a successful path to recovery was immediately thrown into doubt by official figures sho
Categories: National news
Charles Allen takes control of in-debt EMI
BELEAGURED music company EMI has given chairman Charles Allen executive control of the business in the wake of the pending departure of Elio Leoni-Sceti, chief executive of EM
Categories: National news
Pensions tax relief plans 'dangerous' warns lobby group chief
THE government's imminent reform of pensions tax relief has been branded "ridiculous" and "dangerous" by the industry's biggest lobby group.
Categories: National news
Accountant at KPMG to join board at RBS
ROYAL Bank of Scotland yesterday announced a further boardroom reshuffle with the appointment of Brendan Nelson, a high-ranking accountant from KPMG, as a non-executive direct
Categories: National news
Struggling hotels forced to cut prices
SCOTLAND'S hotel sector started the year with the weakest performance of anywhere throughout the UK, reversing a relatively solid period during 2009.
Categories: National news
SSE extends fibre network with Atlas acquisition
SCOTTISH Enterprise has sold Atlas, its controversial fibre telecommunications network, to Scottish & Southern Energy.
Categories: National news
Varley fuels talk of US takeover by Barclays
SHARES in Barclays edged higher yesterday despite speculation that the group is looking to buy a retail bank in the US to build on its successful investment banking business
Categories: National news
Bolton backed as Dawson chairman
LEEDS Group has tightened its control over Kinross-based textiles firm Dawson International after pushing through the appointment of David Bolton as chairman.
Categories: National news
Jeff Salway: Post-RDF world can only benefit growth of investment trusts
INVESTMENT trusts have long come a distant second to unit trusts in the sales charts, handicapped by the absence of commission for advisers recommending them.
Categories: National news
Martin Flanagan: Standard Life dips a toe in Asia but won't take a plunge
STANDARD Life's Asian business may have turned a loss of £35 million in 2008 into a £6m profit last year. However, don't expect new Standard chief executive David Nish
Categories: National news
NFU fury over 'disproportionate' EU penalties
WITH a number of their members seeing their single farm payments being cut by thousands of pounds on account of failings in their bookwork, NFU Scotland has repeated its deman
Categories: National news
Drug giants join forces in world's biggest animal health group
FURTHER consolidation in the animal health world market emerged this week with the news that North America's Merck & Co and Europe's Sanofi-Aventis, two of the wor
Categories: National news
Inchcape sees further pain for industry
MULTINATIONAL car dealer Inchcape yesterday posted a smaller-than-expected fall in 2009 profit, helped by cost-cutting and market share gains, but said it did not see a recove
Categories: National news
Signs of hope after grass shortage
THE effects of the winter were seen yesterday by visitors to Scotland's first grassland development farm at Hilltarvit Mains, Cupar.
Categories: National news


