Wood Mackenzie confirms it will remain in capital

The chief executive of Wood Mackenzie has confirmed that the fast-expanding energy to metals consultancy will remain headquartered in Edinburgh as it continues to pursue an expansion plan that will see the firm doing an increasing share of its business outside the UK.

Simpsons Malt nets funding

Family-owned Simpsons Malt has netted funding that will allow it to increase production by 57% at its key Northumberland facility.

	Freescale salaries revealed online
	Exclusive: Personal details of about 350 employees of Freescale Semiconductor at East Kilbride were made available accidentally for general staff viewing on the company’s intranet site, The Herald has learned.

Tulloch chief calls in police over fraud claim

David Sutherland, the millionaire executive chairman of Inverness-based housebuilder Tulloch Homes, has called in the police to investigate allegations of fraud, The Herald learned yesterday.

Intelligence is the way forward

When Steve Patterson set up Intelligent Pensions in Glasgow in 1997, he had spotted the opportunity to create a niche business around the demographic goldmine that is retirement planning.

FirstGroup launches £300m debt issue

Firstgroup took a step towards relieving the pressure of its debt pile by announcing a £300m debt issue yesterday.

Tucker highlights weakening economy

UK Monetary Policy Committee member Paul Tucker yesterday highlighted the raft of “downside news … to the outlook for demand and for inflation” in the last six weeks, but also warned of the grave danger of fuelling inflation by cutting interest rates.

Profits double at Hoggs of Fife

Profits at Hoggs of Fife, Scotland's oldest mail-order company, have more than doubled on the back of a product review and a push into new markets, but the group warned of "challenging" times ahead.

Anxious Lehman scours Wall Street for buyers

Shares in Lehman Brothers Holdings fell to a near 14-year-low yesterday as Richard Fuld, the company's chief executive, searched for buyers for the troubled investment bank in a desperate move to restore investor confidence in one of America's biggest financial institutions.

Celebration for support agency

DSL Business Finance, the not-for-profit business support agency based in Glasgow, yesterday cele- brated its 15th birthday and said it had now provided £7m to struggling SMEs and start-ups since it began in 1993.

Things are turning silly, no matter which way you look at it

Business Diary: The Scottish financial services industry has by and large resisted the adoption of the ridiculous names favoured by many of their southern competitors.

Clyde Blowers bucks trend with $1bn worth of acquisitions

Jim McColl's Clyde Blowers has defied the credit squeeze to buy four businesses from a US corporation in a massive $1bn (£565m) deal that promises to treble the size of Glasgow-based Clyde Pumps.

King warns banks on funding

Bank of England Governor Mervyn King has warned banks not to rely on its cash for long-term funding and raised the prospect of another series of capital raising by beleaguered financial institutions.

	Iconic retail bellwether shows strain of credit crunch
	Profits at department store and supermarket chain John Lewis have tumbled by more than a quarter in the first six months of the year, providing the clearest evidence yet that the credit crunch and economic slowdown are biting.

UK banking sector slides on Lehman fall-out fears

Mounting fears over the future of US investment bank Lehman Brothers sent UK banking stocks lower again yesterday.

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