TELECOMS business Thus last night said it had recommended that shareholders accept Cable & Wireless’ 180p-a-share takeover offer, knocking its share price down a penny to 179p.
London-based C&W confirmed earlier this week that it owned or had acceptances fromthe owners of 78.5 per cent of Thus stock. The Glasgow-based firm yesterday said in response that [...]
Archive for the ‘Business news’ Category
Thus confirms recommendation to accept C&W’s takeover offer
Posted in Announcements, Business news, Scottish business, tagged Cable & Wireless, Thus on August 31, 2008 | Leave a Comment »
Scotia’s Laundry Business effected by Smoking Ban
Posted in Announcements, Business news, tagged Laundry Serive in Scotland, Scotia Laundry Services on August 30, 2008 | Leave a Comment »
PEOPLE dry cleaning their clothes less frequently because of a lack of smoke in pubs and restaurants has contributed to the downfall of one of Scotland’s leading independent dry cleaning and laundry firms, with the loss of 17 jobs.
Scotia Laundry Services has fallen into administration following a downturn in trading in the wake of the [...]
John Lewis says No to Job Cuts!
Posted in Announcements, Business news, Scottish business, tagged Department Stores in Scotland, John Lewis, John Lewis Paartnership on August 29, 2008 | Leave a Comment »
The chairman of the John Lewis Partnership today ruled out job cuts at the group this year to weather the current squeeze on the high street.
John Lewis, which owns the department store chain and supermarket Waitrose, is owned by its 69,000 staff or “partners”.
Last week it emerged that bitter rival Marks & Spencer is slashing [...]
Connery Launches Memoirs in Edinburgh
Posted in Business news, Scottish business, tagged 007, Coonery Memoirs, James Bond, Sean Connery on August 27, 2008 | Leave a Comment »
Edinburgh: He’s recognized around the world as the iconic face of James Bond 007. Sean Connery is also well known as a proud Scot, and yesterday he returned to his home town to launch his autobiography.
Being a Scot looks at Connery’s early life as a milkman in the city’s Fountainbridge neighbourhood, then delces into a [...]
Venturehaus to open Scotland branch in Edinburgh
Posted in Business news, Employment News, Scottish business, tagged Operational Excellent for financial services, Scottish business, Venture Scottish office, Venturehaus on August 26, 2008 | Leave a Comment »
FOR IMMEDIATE RELEASE
Venturehaus is delighted to announce the opening of its new office in St Andrew Square in Edinburgh. With the burgeoning Scottish financial marketplace and the growth of Operational Excellence in many Scottish institutions, Venturehaus is responding to the call to provide local support and knowledge to its clients north of the border.
Since 2002, [...]
Global Ruling going to cause Chaos for Internet
Posted in Business news, tagged Brands, Domain Names, ICANN on August 24, 2008 | Leave a Comment »
IT and legal experts have predicted chaos on the internet following a global ruling adversely affecting the selling power of many of the high street’s largest brand names.
It follows a surprise decision by the body that controls the net to sanction a free-for-all online auctioning of disputed internet domain addresses.
In a landmark ruling, the California-based [...]
Lawyers call for stamp duty freeze
Posted in Business news, Economy News, tagged Alistair Darling, Aquintet, Lawyers on August 22, 2008 | Leave a Comment »
A Quintent of leading Scottish property law firms has called on Alistair Darling, the Chancellor, to freeze stamp duty in an effort to boost the flagging housing market.
The ELPG group – which is made up of firms Warners, the Lints Partnership, Neilsons, Drummond Miller and Leslie Deans – has handed in a petition to Darling [...]
Menzies in bad shape over airline slowdown
Posted in Business news, Scottish business, tagged Menzies Aviation, Scottish business on August 21, 2008 | Leave a Comment »
PROFITS at John Menzies plummeted by more than a fifth this year as the slowing world economy took its toll on the company’s core business.
Falling cargo and passenger volumes in the US and Europe led to a drop in half-year profits from £15.3 million to £11.4m, a fall of nearly 22 per cent.
But yesterday the [...]
Scottish Finance House spreading bet to Asia
Posted in Business news, tagged Asia, Martin Currie on August 19, 2008 | Leave a Comment »
ONE of Scotland’s most- respected investment houses has predicted continuing economic woes as consumer spending collapses and investors focus on putting their money in safe havens abroad.
James Fairweather, chief investment officer and head of global equities at fund management firm Martin Currie, predicted more heavy weather for the UK and US economies, with the number [...]
Murray pulls out of Rangers deal at the last minute
Posted in Business news, Scottish business, tagged Rangers, Sale of Rangers, Sir David Murray on August 17, 2008 | Leave a Comment »
RANGERS chairman Sir David Murray has revealed that he came within hours of selling the club, but pulled out of the deal at the last minute because he doubted the buyers’ long-term ambitions.
The Ayrshire entrepreneur has told Scotland on Sunday that details of the deal had been finalised after two months of secret negotiations, but [...]
