News archive from 13 March 2013

RBS aims for £500m Direct Line Share Sale

The Royal Bank of Scotland tonight announced a plan to sell a stake in insurance group Direct Line which it expects could raise up to £530 million from institutional investors. The 82-per cent taxpayer-owned bank originally floated its former...

Scotsman, 00:05 in Business
 
RBS cuts Direct Line stake in £500m sale

RBS cuts Direct Line stake in £500m sale

THE Royal Bank of Scotland yesterday said it planned to sell a stake in insurance group Direct Line which could raise up to £530 million from institutional investors. RBS said that it aimed to sell a 15.3 per cent share, or 229.4 million Direct Line...

Scotsman, 00:05 in Business
 
Garrett-Cox welcomes growth but warns of slowing markets

Garrett-Cox welcomes growth but warns of slowing markets

INVESTMENT giant Alliance Trust embarked on its 125th year in business with its strongest performance in two decades. But chief executive Katherine Garrett-Cox warned that the market rally in recent months was not expected to continue “at the current...

Scotsman, 00:05 in Business
 
Oil and gas optimism as tax breaks raise investment

Oil and gas optimism as tax breaks raise investment

TAX changes introduced by the UK government last year to promote investment in the oil and gas sector are "bearing fruit" as the latest survey shows growing confidence in the industry. Oil & Gas UK’s quarterly business confidence index...

Scotsman, 00:05 in Business
 
Ogilvie blast SFT’s public sector project ‘failure’

Ogilvie blast SFT’s public sector project ‘failure’

CONSTRUCTION firm Ogilvie Group has accused the Scottish Futures Trust (SFT) of failing to deliver "much-needed" public sector projects such as schools and hospitals. The Stirling-based company, which has diversified from the building sector...

Scotsman, 00:05 in Business
 

Dundas & Wilson recruits from failed Semple Fraser

Law firm Dundas & Wilson (D&W) yesterday revealed it has taken on 17 people from failed rival Semple Fraser, comprising six partners, six lawyers and five trainees. Allan Wernham, co-managing partner of the firm, added that the practice is...

Scotsman, 00:05 in Business
 

Maven realises gain on sale of Homelux division

MAVEN Capital Partners has made a partial exit from home products supplier Homelux Nenplas by selling the Homelux division to US firm QEP Company. Glasgow-based Maven, which manages about 50 later-stage private companies around the UK, acquired its...

Scotsman, 00:05 in Business
 

UK architects will design Rio’s velodrome

A PAIR of British architecture firms have won contracts to design venues for the 2016 Olympic Games in Brazil. 3DReid, which worked on the Sir Chris Hoy velodrome for the 2014 Commonwealth Games in Glasgow, will be part of the team working on Rio’s...

Scotsman, 00:05 in Business
 

Telegraph axes 80 jobs amid advertising revenue fall

THE Telegraph newspaper group is cutting 80 jobs as part of a plan to merge its daily and Sunday publications and put a greater focus on its website to counter declining advertising revenues. At the same time the group is investing £8 million to...

Scotsman, 00:05 in Business
 
MONACO EYE UP ROONEY

MONACO EYE UP ROONEY

MONACO are ready to launch a blockbusting bid to sign Wayne Rooney. The mega-rich outfit, managed by ex-Chelsea boss Claudio Ranieri, are heading for promotion in France and want to mark their top-flight return by making the Manchester United star...

Daily Star, 00:07 in Sport
 
JACK WILSHIRE'S A BIG WORRY

JACK WILSHIRE'S A BIG WORRY

ARSENE WENGER last night admitted he fears England's Jack Wilshere could be facing serious long-term ankle problems. The Arsenal midfielder spent 17 months out because of a problem with his right ankle – and now has problems with his left foot...

Daily Star, 00:07 in Sport
 
JOSE MOURINHO: GET EM OUT

JOSE MOURINHO: GET EM OUT

JOSE MOURINHO'S return to Chelsea could hinge on the removal of the club's technical director Michael Emenalo. The Real Madrid boss is favourite to take over the Stamford Bridge hot seat this summer, following the likely departure of interim boss Rafa...

Daily Star, 00:07 in Sport
 
DI IS CAST FOR PAOLO

DI IS CAST FOR PAOLO

PAOLO DI CANIO moved a step closer to the Reading job last night – after Roberto Di Matteo distanced himself from it. Starsport understands Di Matteo, who led Chelsea to the Champions League last season, has been sounded out about the vacancy. But the...

Daily Star, 00:07 in Sport
 
WENGER HAS ONE EYE ON THE LEAGUE

WENGER HAS ONE EYE ON THE LEAGUE

ARSENE WENGER will attempt ‘Mission Imposs­ible' without his A-listers ­tonight, conceding that ­Arsenal can't conquer ­Europe this season. Privately, the Gunners boss has accepted his team have little or no chance of coming back from a 3-1 home...

Daily Star, 00:07 in Sport
 
Weather: Edinburgh commuters in hour-long delays

Weather: Edinburgh commuters in hour-long delays

EDINBURGH commuters faced the second longest delays in the UK during rush hour this morning with drivers stuck for more than 60 minutes on one of the main routes into the capital. • Edinburgh commuters face delays in excess of an hour on A9 between M9...

 


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