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News archive from 9 April 2014

Big supermarket chains in a jam as discounters soar

Britain's big four supermarket operators face a long-term challenge maintaining their market shares after surrendering more ground to their discount rivals. Industry data yesterday showed the UK’s £170 billion grocery market continuing to polarise,...

Scotsman, 00:02 in Business

 

Comment: Supermarket wars | Mis-selling pay-outs

THE food retailing discounters have moved beyond merely knocking on the door of Britain's supermarket industry. Their latest eye-catching growth figures confirm they have entered the big boys' house, made themselves at home in the lounge, turned on...

Scotsman, 00:02 in Business

 

Oil and gas engineer sold to management in £14m deal

A SPECIALIST engineering company servicing the oil and gas industry has been bought in a £14 million management buy-out. Forfar-based Rmec, which works with customers in the oil and gas sector, has been acquired in the deal backed by private equity...

Scotsman, 00:02 in Business

 

Community firms and charities get £16m fund

Charities and social enterprises in Scotland are set to benefit from a new £16 million fund to back their growth plans, thanks to an initiative jointly funded by UK and Scottish Government cash. Social Investment Scotland (SIS) has secured an £8m...

Scotsman, 00:02 in Business

 

Hornby pledge after £1.2m loss

Toy firm Hornby vowed to deliver an improvement in its performance yesterday after racking up losses of £1.2 million during the last financial year. The group, whose brands also include Airfix, Corgi and Scalextric, said the deficit for the year to...

Scotsman, 00:02 in Business

 

Online students can't help being sociable

It was a revolution moving higher education from bricks to clicks… and now it's started to go back to bricks again. Online university providers, which offered people the chance to study from home, are turning full circle by creating a network of...

BBC, 00:05 in Business

 

Conservative MPs Refuse To Back Maria Miller

Conservative MPs in key marginal seats have failed to give their backing to beleaguered culture secretary Maria Miller. When Sky News asked should Mr Cameron sack Maria Miller, two out of 39 MPs contacted said yes and only one said no. The rest of the...

Orange News, 00:06 in Science &Technology

 

Discount wars bring sharpest fall in prices for seven years

Last month saw the fastest shop-price deflation since the British Retail Consortium/Nielsen index began in December 2006. Photograph: Alamy Heavy discounting on clothing, shoes and electrical goods by duelling retailers helped trigger the fastest fall...

Guardian, 00:07 in Business

 

Wonga advert banned for implying 5,853% APR was 'irrelevant'

Wonga said its objective had been to transparently explain the total 'true' cost of a short-term Wonga loan. Photograph: Rui Vieira/Press Association Images A Wonga advert has been banned for implying that charging an annual interest rate of 5,853%...

Guardian, 00:07 in Business

 

Brazil's energy giant Petrobras is mired in controversy

Just a few years ago, in 2008, Brazil's state-run oil and gas giant Petrobras was ranked as the world's sixth-largest company. It was the government's crown jewel, said to be worth $287bn (£171bn) - more than Microsoft at the time. The company was set...

BBC, 00:09 in Business

 

Danny Dyer and PM David Cameron unite on charity album

EastEnders star Danny Dyer and PM David Cameron have lent their voices to the official World War One centenary album of the spoken word and music. Mr Cameron has recorded The Soldier by Rupert Brooke while Dyer has read In Memoriam by Ewart Alan...

BBC, 00:09 in Art & Culture

 

RBS slated for zero-hours contract support

THE Royal Bank of Scotland has been criticised for assisting firms in drawing-up controversial zero-hour contracts for workers. Scottish politicians last night called on RBS, which is 81 per cent taxpayer-owned, to stop issuing advice to firms...

Scotsman, 00:11 in Politics

 

Scottish independence: SNP Trident for pound plan

The SNP government is ready to allow the UK's Trident nuclear weapons to remain on the Clyde after independence in exchange for keeping the pound, according to a leading defence expert. Dr Phillips O’Brien, director of the Centre for War Studies at...

Scotsman, 00:11 in Politics

 

George Kerevan: A rocket for the former Nato head

Lord Robertson's much-quoted observations on Scotland in Nato are ill-advised, ill-timed and illogical, writes George Kerevan SUPPOSE that Malaysia Airlines Flight MH370 had gone missing over the Atlantic. Britain would be hard put to mount a search...

Scotsman, 00:11 in Politics

 

Allan Massie: Yes vote will not break family ties

Historic visit mends official differences, but ordinary UK folk never thought of the Irish as foreign, writes Allan Massie There are doubtless some nationalists among us who will look on the state visit of the president of Ireland, Michael D Higgins,...

Scotsman, 00:11 in Politics

 

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