News archive from 10 May 2013

SuperGroup chain sees sales growth defy gloom

SuperGroup chain sees sales growth defy gloom

FASHION chain SuperGroup yesterday shrugged off the freezing start to the year as a revamp of womenswear helped deliver what it called "solid" sales growth. The chain – which owns the Cult, Superdry and SurfCo California brands – said that...

Scotsman, 00:04 in Business
 

Shawbrook Bank makes first profit

New banking venture Shawbrook has delivered its first annual profit, benefiting from strong demand for borrowing from cash-starved small businesses. The group, chaired by former RBS chairman and chief executive Sir George Mathewson, specialises in...

Scotsman, 00:04 in Business
 

BoE sits on hands amid recovery

Bank of England interest rate-setters yesterday held back from printing more emergency cash amid fresh signs of life in the economy. The decision to leave rates at 0.5 per cent and peg quantitative easing at £375 billion was widely expected by...

Scotsman, 00:04 in Business
 

Falling salmon prices and disease take toll

FALLING prices due to a global increase in salmon supply hit sales and profits at Marine Harvest's Scottish operations. The Norwegian-owned company also saw its 2012 figures affected by steps to mitigate the impact of amoebic gill disease (AGD) which...

Scotsman, 00:04 in Business
 

Bullish forecasts for global cereal crops

The latest bullish cereal production predictions for 2013 produced by the Food and Agriculture Organisation (FAO)did not dent confidence in grain trading futures yesterday with markets remaining at previous levels. The FAO predictions assume more...

Scotsman, 00:04 in Business
 

Tenants urged to resist ‘unreasonable’ rent hikes

With less than a fortnight to go before May term rents have to be agreed, the Scottish Tenant Farmers Association (STFA) has urged tenants not to feel pressurised into agreeing last-minute demands for "unreasonable" rent increases. The STFA...

Scotsman, 00:04 in Business
 
Painful secret of gardening pundit laid bare at Chelsea

Painful secret of gardening pundit laid bare at Chelsea

TV and radio horticulture expert Chris Beardshaw will unveil an "arthritis garden' at this year's Chelsea Flower Show. Grace Hammond found out why. There’s only one tell-tale sign of the pain that he suffers daily. Chris Beardshaw allows only his...

 

BPI swoops on Flexfilm amid ‘challenging’ trade

BRITISH Polythene Industries (BPI) has strengthened its position in the food sector with the £5.5 million cash acquisition of Cheshire-based Flexfilm. Flexfilm and its Irish subsidiary, Jordan Plastics, turned over £13.4m last year by selling film and...

Scotsman, 00:04 in Business
 

Should pensioners be squeezed as monarchy costs escalate?

From: Malcolm Naylor, Grange View, Otley, Leeds. MAY I acquaint you with the following facts? Pensions in Germany and Spain are £26,000 a year; Pensions in France £15,811; Pensions in Australia are £12,649 and Pensions in Ireland are £10,415. Most of...

 

KPMG facing two investigations

Accounting firm KPMG faces two probes from the industry regulator, one in relation to its audit of car dealer Pendragon and another focusing on a partner's holding of shares in a client company. The Financial Reporting Council (FRC) said it was...

Scotsman, 00:04 in Business
 

Curb on cycle road racing is nothing new

From: Bob Crowther, High Street, Crigglestone, Wakefield. WRITING in response to your article (Yorkshire Post, May 4) regarding the police curb on organised cycle road racing events in the Hull areas, this is far from being a new idea. As a past...

 

Business news in brief: Jeff Salway| News Corp| John Lewis

JEFF Salway, personal finance editor at The Scotsman and Scotland on Sunday, has scooped his fourth prize in the past five years at the Headlinemoney awards. Salway walked off with the financial or business journalist of the year award in the local...

Scotsman, 00:04 in Business
 
MPs urge government to press ahead with Heathrow third runway

MPs urge government to press ahead with Heathrow third runway

Heathrow expansion was the most viable plan to meet the challenges posed by the rapid growth in air travel, said Louise Ellman. Photograph: Andrew Holt/Getty Images MPs have urged the government to press ahead with a third runway at Heathrow and said...

 

Soft drinks safe in moderation

From: Richard Laming, British Soft Drinks Association, London. It is well-known that diabetes is the result of many different factors, including obesity and family history. The study you reported (“Can of soft drink ‘raises diabetes risk by a fifth’”,...

 
Annan calls for end to 'unconscionable' exploitation of Africa's resources

Annan calls for end to 'unconscionable' exploitation of Africa's resources

Much of the wealth from natural resources fails to flow to local people, says the Africa Progress Report. Photograph: Reuters Kofi Annan, the former UN secretary-general, is urging David Cameron to use Britain's chairmanship of the G8 to end some of...

 


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