Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," US Federal Reserve chairman Ben Bernanke said yesterday.
Fish processor Shetland Catch has responded to mounting losses due to cut-throat competition from Norwegian rivals by taking one of them on board as an investor in order to shore up its capital base.
Cairn Energy confirmed plans to start exploration work in the frontier area of Greenland in the second half as the company looks to repeat its success in India.
The shares battle involving Scotland’s richest man, the UK’s leading supermarket and a growing gardening firm moved into the courts yesterday with accusations of ulterior motives on both sides.
Banking giant HSBC said today that a "resilient" performance had helped lift first-quarter profits despite an extra £3 billion in credit crunch losses.
Robert Wiseman Dairies warned yesterday it could take a profit hit of as much as £8.5m this year as it struggles to pass on rising oil prices and other costs to its customers.
Annual growth in the value of UK retail sales slowed last month to just 1% – the weakest year-on-year movement since April 2005 – according to industry figures today which highlight growing financial pressure on consumers.
UK factory gate prices rose in April at the fastest monthly and annual rates since comparable records began in 1986 - official figures revealed yesterday - casting doubt on whether the Bank of England will feel able to cut interest rates in June.
Kilpatrick Property Group, the Glasgow-based commercial property investment company, said yesterday it increased its net asset value by 16% for the year to March 31, 2008, bucking the gloomy trend in the sector.
Shares in Dana Petroleum jumped 6% yesterday after the oil and gas independent announced its second oil discovery in the Northern North Sea in the space of three weeks.
HSBC Holdings, Europe's biggest bank by market value, said yesterday that it has set aside a smaller-than-estimated $3.2bn (£1.6bn) for bad loans related to its US consumer finance business and said first-quarter profit increased.
Hard-pressed homeowners continued to face big rises in mortgage costs last month, in spite of the April 10 cut in base rates, according to figures yesterday from the Bank of England which point to continued weakening of the UK housing market.
Scotland's private sector economy has shrunk for the first time in five years amid a sharp slowdown triggered by the global credit crisis and soaring raw material costs driven by rocketing oil prices.
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