News from Business
Surprise exit of Nick Buckles from G4S leaves company in hands of a man with three weeks' experience
The surprise exit of Nick Buckles from G4S will leave the world's second largest private employer in the hands of a man with three weeks' experience. Finance chief Ashley Almanza was appointed to the company less than a month ago, and had been expected t
Marks & Spencer continues to haemorrhage senior staff with Steve Sharp announcing plans to jump ship
Marks & Spencer has continued to haemorrhage senior staff with Steve Sharp, the architect of its successful "This is no ordinary...' marketing campaign, announcing plans to jump ship. Britain's leading clothing chain, which has been beset by...
Peppa Pig-owner Entertainment One posts 25 per cent increase in sales
Peppa Pig-owner Entertainment One posted a 25 per cent increase in sales, buoyed by the success of the Twilight vampire franchise it distributes. But the firm was hit by almost £27m of charges in the year up to March 31. Underlying profits rose but slump
MPC remained split over call to raise QE
Outgoing Bank of England governor Sir Mervyn King was outvoted again in his call for more monetary stimulus earlier this month. Minutes of the Bank’s monetary policy committee (MPC) meeting, held on 8 and 9 May, show that King – along with fellow policym
UK retail sales hit by bad weather again
Retail sales in April were 1.3% lower than in March as bad weather continued to dent spending. The Office for National Statistics (ONS) also said retail sales volumes last month were 0.5% higher than a year earlier, much less than expected. The ONS said
RBS to issue statement on capital position shortly - sources
The Prudential Regulatory Authority will issue a statement on banks' capital after the RBS announcement, the sources said. (Reporting by Steve Slater and Matt Scuffham)
Sony to consider entertainment arm spin-off after cutting sales targets
Japanese electronics giant Sony has trimmed its sales targets for cameras, smartphones and tablet computers and said it would consider a proposal to sell up to a fifth of its films and music division. The group, which recently celebrated a return to full
SAP in autism recruitment drive
German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology. The firm said that by 2020, 1% of its global workforce of 65,000 employees would be people with autism. Auti
Scottish Business Briefing – Wednesday 22 May, 2013
WELCOME to scotsman.com's Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today. ENERGY & UTILITIES Marchant bows out of SSE with 5.6% rise in profits Utility group SSE has...
Britvic to slash up to 400 jobs to save £30m a year
Soft drinks group Britvic, which is awaiting a Competition Commission ruling on its planned £1.4 billion merger with Irn-Bru maker AG Barr, is to cut hundreds of jobs after reporting a 50 per cent jump in profits. The maker of J2O, Robinsons and Tango is
Lloyds insists it can meet capital rules without share issue
State-backed lender Lloyds Banking Group has insisted it will not need additional help to meet regulatory demands for a bigger buffer against future financial shocks. The bank, which is 39 per cent owned by the taxpayer, said its additional capital requi
Britvic to cut costs and take Fruit Shoot to India
The company also reached an agreement with Narang Group for the national sales and distribution of Fruit Shoot in India, commencing mid-2014. "We intend to change our operating model to generate stronger performance in our core markets and...
HK Mercantile Exchange in police and regulator probe
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities. The Securities and Futures Commission initiated an investigation of the two-year old market on 15 May, bef
JAMES CONEY: Share prices soar on back of investors' optimism, desperation and hope
The stock market seems to have been behaving in a completely contrary manner to that which we have normally come to expect - and it worries me greatly. Share prices have been soaring on the back of investors who have swallowed a giant dose of optimism, a
Savers willing to put money aside each month for a year can earn more interest on taxable accounts from...
Savers willing to put money aside each month for a year can earn more interest on taxable accounts from banks and building societies than in an Isa. Regular savers can earn up to 3.28 per cent after tax (4.1 per cent before) for...
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