News archive from 8 April 2013

‘Cyprus bailout shows banks can be wound down’

‘Cyprus bailout shows banks can be wound down’

THE Cyprus bailout shows banks can be wound down despite difficulties, European Central Bank (ECB) policymaker Jens Weidmann said yesterday. Weidmann, chief of Germany’s Bundesbank, told Deutschlandfunk radio he wouldn’t rule out that Cyprus might...

Scotsman, 00:03 in Business
 
Bidders circling for nationalised mortgage books

Bidders circling for nationalised mortgage books

The state-owned "bad bank" that holds toxic assets from collapsed Northern Rock and Bradford & Bingley revealed it has received a number of offers for parts of the mortgage books since it sold a portfolio to Virgin Money last year for...

Scotsman, 00:03 in Business
 
Shoppers key to avoiding triple-dip recession

Shoppers key to avoiding triple-dip recession

A RISE in consumer spending indicates the UK has avoided entering a triple-dip recession during the opening months of the year, according to figures published today. Data compiled by research group Markit will reveal a third successive monthly rise in...

Scotsman, 00:03 in Business
 
Einhorn builds Cairn Energy stake amid takeover talk

Einhorn builds Cairn Energy stake amid takeover talk

American financier David Einhorn, the activist investor who took Apple to court to try to force it to dole out its cash pile, has built up a stake in Scottish oil and gas explorer Cairn Energy. The tycoon has become one of Edinburgh-based Cairn’s...

Scotsman, 00:03 in Business
 

Timpson looks at key supermarket site expansions

COBBLER and key-cutter Timpson plans to open a further 100 branches by taking up space inside supermarkets, adding to more than 1,000 existing outlets throughout the UK. The family-owned chain posted a 21 per cent fall in profits for the year to 30...

Scotsman, 00:03 in Business
 
Arran beer maker brews up cider plan

Arran beer maker brews up cider plan

Arran Brewery owner Gerald Michaluk has unveiled plans to make cider on the island as he bounces back from being turned down for a Scottish Government grant to expand production. Michaluk revealed in February that enterprise minister Fergus Ewing had...

Scotsman, 00:03 in Business
 

RMJM makes shortlist for skyscraper in China

THE architecture practice behind the design for the Scottish Parliament has been shortlisted to work on a giant skyscraper in the Chinese city of Shenyang. Edinburgh-based RMJM, which teamed up with Spanish designer Enric Miralles for the Holyrood...

Scotsman, 00:03 in Business
 
Business interview: Mike Welch of BlackCircles.com

Business interview: Mike Welch of BlackCircles.com

Mike Welch launched his tyre business, BlackCircles.com, 12 years ago, but he still feels like he is just getting started, writes Erikka Askeland. Welch, whose company has enjoyed an average 30 per cent compound growth in sales per year, refers to...

Scotsman, 00:03 in Business
 
Storey calls on ministers to notice hospitality gem

Storey calls on ministers to notice hospitality gem

The Aberdeenshire-born head of fast-growing catering conglomerate Westbury Street Holdings (WSH) gave a speech at the Savoy in London last week after stealing Jamie Oliver's crown as the most powerful mover in UK hospitality. Alastair Storey, who is...

Scotsman, 00:03 in Business
 

Aim stocks turn corner as fewer drop off market

ONLY 14 firms left the Alternative Investment Market (Aim) in the first three months of the year, the lowest level since the financial crisis struck, according to data from accountancy firm UHY Hacker Young. The practice said the low level of...

Scotsman, 00:03 in Business
 

M&S’s revival is lost, along with spring

Marks & Spencer boss Marc Bolland's strategy for reviving the firm's clothing sales will come under fresh scrutiny with Thursday's trading update. Analysts expect the prolonged cold spell to have added to the woes of one of Britain’s biggest...

Scotsman, 00:03 in Business
 
HBOS: Vince Cable ‘has power’ to ban bankers

HBOS: Vince Cable ‘has power’ to ban bankers

THE UK's Business Secretary, Vince Cable, has launched an investigation into whether the three former HBOS directors blamed for the banking group's collapse can be banned as company directors for life. Mr Cable warned it was the “first step” in a...

Scotsman, 00:07 in Politics
 
Independence: Yes group pressured over £1.1m gifts

Independence: Yes group pressured over £1.1m gifts

THE pro-independence Yes Scotland campaign group is under growing pressure to reveal its full financial backers, after the unionist campaign published details of up to £2 million in donations. Better Together published details yesterday of more than...

Scotsman, 00:07 in Politics
 
Independent Scotland to face ‘pension timebomb’

Independent Scotland to face ‘pension timebomb’

AN INDEPENDENT Scotland would face a pensions timebomb that could lead to 20 years of "difficult financial decisions", an influential House of Lords report will warn this week. The difficulty of funding pensions for a Scottish population...

Scotsman, 00:07 in Politics
 
Independence poll shows desire for fairer society

Independence poll shows desire for fairer society

The prospect of a fairer society is a major motivating factor in the independence referendum, a poll suggests. The survey of 1,002 people in Scotland shows that around three-fifths (58 per cent) agree that consideration of a fairer and more equal...

Scotsman, 00:07 in Politics
 


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