Creed latest to leave top role at ill-fated ITIs
	Scottish Enterprise's flagship £450m commercialisation venture ITI Scotland is searching for a new chief executive after the resignation of its longest-standing executive David Creed after 14 months at the helm.

King promoted to deputy chief executive at Baxters Foods

Baxters Food Group has appointed Bill King, seen as right-hand man to chairman and chief executive Audrey Baxter, to the new post of deputy chief executive.

Sterling in longest unbroken fall against dollar since 1970s

The pound sank to its lowest level against the dollar for more than two years yesterday, and clocked up its longest unbroken losing run against the US currency since the 1970s.

Miserable weather drives sales up by 9% at John Lewis

A department store yesterday said last week’s bad weather had driven sales more than 9% higher – but in Glasgow, where the weather was even worse, fear of recession and belt-tightening sent sales tumbling deep into negative territory.

Not afraid to stand up to the big boys

Saturday Interview: ALLAN GORDON is happy to see Walter Davidson remain an independent chemist chain.

Here comes the sun, as festival spirit enters wiggling Thoresen

Business Diary: Aegon UK chief executive Otto Thoresen has always seemed, well … a little less uptight than some other senior figures in Edinburgh’s financial community. (Note: Not all other senior figures, lest we cause offence.)

Savers must choose carefully to keep ahead of inflation

Personal finance: Banks and building societies continue to launch savings products, which customers need to fight an old enemy: inflation. However, many products carry conditions.

Is there price to pay for sticking with Scottish bank?

Personal finance: Loyalty to your Scottish bank might hurt your pocket – it’s official.

High street banks hold the keys as Bradford & Bingley cash-call closes

Bradford & Bingley's £400m cash-call closed yesterday, and may leave six high street banks holding big stakes in the Yorkshire-based mortgage lender.

UK not taxing for Merrill Lynch

US banking giant Merrill Lynch might not pay any corporation tax in the UK for several decades after channelling $29bn (£15.7bn) of losses through its London operation, a report said yesterday.

Shires down after move to Aberdeen

Shires Smaller Companies, one of the investment trusts formerly run by Glasgow Investment Managers, has underperformed during a period of upheaval in its first half-year under Aberdeen Asset Management.

Scottish hotel sector maintains investors’ interest

The Scottish hotel sector is attracting new investors and enjoying relatively healthy trading conditions despite the current gloomy economic picture, a leading property consultancy and estate agency said yesterday.

	Taxpayers boost executive pensions
	The top two executives at taxpayer-funded Scottish Enterprise last year saw the accumulated total value of their pensions surge £400,000 to almost £1.5m.

Russian court bans BP chief for two years

BP said last night that a Russian labour court has barred Robert Dudley, the chief executive officer of its troubled Russian joint venture, TNK-BP, from office for two years.

Beleaguered pound hits near two-year low against dollar

The pound found itself on the ropes against the strengthening dollar again yesterday, weighed down by financial markets’ belief that the Bank of England’s inflation report on Wednesday signalled cuts in UK interest rates.

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