Ben Bernanke, chairman of the Federal Reserve, entered the shark-infested waters of Washington regulatory battles yesterday and cautiously suggested that the US central bank be given new powers to oversee financial markets.
The impact of last summer's foot-and-mouth outbreak is continuing to be felt by the livestock sector, as auctioneer John Swan yesterday posted a pre-tax loss of £72,605 for the year.
British Chambers of Commerce today highlights “serious risks” of UK recession, as its latest survey reveals a “menacing deterioration” in both the service and manufacturing sectors
Abu Dhabi National Energy has acquired a range of assets in the North Sea from Shell and ExxonMobil in a move that highlights the growing presence of smaller independents in the region and the determination of the behemoths to cut and run.
Shares in Royal Bank of Scotland are now trading at 11% below the price of last month’s rights issue after a bearish note from Cazenove, underscoring its vulnerability to a 1992-style economic slump, sent its stock down again.
The price of black gold tumbled by more than $4 yesterday as traders took the view that Hurricane Bertha looked unlikely to hit the Gulf of Mexico, the centre of the all-important US oil refining industry.
BT is laying a fibre-optic submarine cable between Orkney and the Scottish mainland. The 70-kilometre cable will run from Skaill Bay in Orkney, under the Pentland Firth, to Dunnet Bay, about five miles east of Thurso.
Murgitroyd, the European patent and trademark attorney practice, yesterday confirmed that trading for the second half of the financial year has kept the Scottish Alternative Investment Market-listed business on track to meet market expectations.
Glasgow Rangers and Heart of Midlothian football clubs are among five smaller Scottish businesses to be recognised in the first CommunityMark awards, developed by Business in the Community.
Clackmannanshire-based Omega Diagnostics has returned to profit thanks to the takeover of a food intolerance specialist and is determined to stay on the acquisition trail despite the market downturn.
Bradford & Bingley shares fell by 16% yesterday to close at a record low of 42p, well below the 55p a share it is seeking in its increased £400m rights issue.
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