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.
The value of BAE Systems’ shipyard business on the River Clyde to the Scottish economy climbed to £392m in 2007, according to a report by Strathclyde University’s influential Fraser of Allander Institute.
Royal Bank of Scotland yesterday confirmed it was under investigation by the US Securities and Exchange Commission over its exposure to American sub-prime mortgages.
A fast-growing Glasgow chauffeur company is expanding into the fiercely competitive limousine market in New York City.
Thebookingroom owns a fleet of 50 vehicles in Scotland and London.
In this week’s SME Focus, we look at the case of an American technophile who has made a successful business in Scotland by helping demystify technology.
Clydesdale Bank owner National Australia Bank (NAB) lost around £15m from the effects of the credit crunch over the last six months, it revealed yesterday, but still succeeded in posting pre-tax profit of £194m, up 17% on the year before.
The pound tumbled on the foreign exchanges yesterday, as traders bet the Bank of England would have to cut benchmark UK interest rates again as soon as economic conditions deteriorate.
Edinburgh headhunting firm Fletcher Jones is beefing up its core financial sector expertise with the recruitment of Alistair Crawford, who headed operations in the Scottish capital and Manchester for rival Jonathan Wren.
A leading Scottish recruitment company has obtained a court order against two former employees after a surveillance operation caught them using confidential client information.
SVM Asset Management, the Edinburgh fund group, more than doubled pre-tax profits last year from £1.2m to £2.6m, as a successful push into the retail market restored its momentum.
The diary: There was an immediate sign of the changing times at Carphone Warehouse after the company sold half of its retail business to US electronics giant Best Buy this week.
BAA, the Spanish-owned company that operates Scotland's three main air terminals, said yesterday it has appointed David Johnston - currently managing director of Edinburgh Airport - as group procurement director.
Festival Inns, the Edinburgh-based leisure empire owned by entrepreneur
Kenneth Waugh, has posted a second successive annual loss. However, it says the pub smoking ban has been "on the whole positive".
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