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   Web Issue 3203 July 19 2008   
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Round-trips to Ireland help Maxi haul in £3m profit
Maxi Group, the Ayrshire haulage-to-construction firm, has almost doubled its pre-tax profits to £3.1m in spite of the adverse impact of soaring fuel costs.
By MARK SMITH, Deputy Business Editor

Sarti family sell restaurant chain in £5m management buy-out
Sarti's, the fashionable Glasgow restaurant chain, has been sold by its Italian family founders to a six-strong management buy-out team in a £5m deal.
1 comment
By SIMON BAIN

Companies urged to adopt green championsCompanies urged to adopt green champions
Scottish Business in the Community (SBC) is urging more companies to adopt their own "green champions" to promote more environmentally- friendly ways of doing business.
By SIMON BAIN

Bank’s ‘legacy customers’ will have to pay for their accounts
Royal Bank of Scotland said yesterday that thousands of businesses that will have charges levied on their accounts for the first time were "legacy customers" who will be moved to a competitive account.
4 comments
By SIMON BAIN

Job becomes matter of self preservation
SME Focus: This week, we hear from one man who bounced back from the bitter blow of redundancy by going into business, ultimately in competition with the firm that laid him off. By Mark Williamson
By MARK WILLIAMSON

Housebuilders linked in £1.3bn merger talks
Graeme Evans Construction firms Bellway and Redrow were yesterday the subject of speculation about a £1.3bn merger to create one of the UK's biggest housebuilders.

Bid for British Energy could be as low as 600p per share
A bid for British Energy could emerge this week at a price between 600p and 640p a share, according to reports yesterday which suggested that the government has failed in its attempt to pump up the price through an auction of its stake in the nuclear utility.
By SIMON BAIN

Stock market surges on strength of US employmentStock market surges on strength of US employment
The London stock market surged yesterday, as traders welcomed a smaller-than-feared drop in US employment and falling sterling interbank lending rates.
By IAN McCONNELL, Business Editor

McColl looks for £200m of private equity
Jim McColl, the engineering entrepreneur, is raising money for a £200m private equity fund to provide a new investment platform for his Clyde Blowers business empire.
By SIMON BAIN

Collapse of Au Naturale is ‘imminent’
The final collapse of Glasgow-based homeware chain Au Naturale is "imminent", creditors of the stricken company were told at a behind-closed-doors meeting yesterday.
2 comments
By MARK SMITH, Deputy Business Editor

Blowers’ wind of change
Saturday interview: Alex Stewart, the money man who wanted to be an engineer, is helping to green our most polluting industries, finds Simon Bain.
By SIMON BAIN

Scottish Mortgage beats odds
James Anderson, whose £2.28bn Scottish Mortgage fund defied an overall fall in world stock markets with investment gains of £159m in the year to March 31, yesterday declared that global turmoil "has created some great opportunities" for him.
By IAN McCONNELL, Business Editor

Ossian offloads Internacionale
Internacionale, the beleaguered Glasgow-based fashion chain, has been sold off to an unnamed buyer - but its sister company Au Naturale is to be plunged into administration with the loss of up to 1500 jobs, The Herald has learned.
8 comments
By MARK SMITH, Deputy Business Editor

Rose attempts to smell sweeter to shareholdersRose attempts to smell sweeter to shareholders
M&S chief executive Sir Stuart Rose yesterday sought to rebuild his reputation with shareholders by announcing he is selling his £100,000 stake in a company owned by one of the non-executives who is meant to supervise him.
By TIM SHARP

Lloyds TSB Scotland moves head of treasury
Long-standing Lloyds TSB Scotland head of treasury Douglas Reid was yesterday eased out of his post to make way for a previously London-based banker.
By TIM SHARP

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