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   Web Issue 3149 May 17 2008   
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SVM doubles pre-tax profits in wake of push into retail market
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.
By SIMON BAIN

Carphone Warehouse customers in for not-so-rude awakening
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.
1 comment
By TIM SHARP

Airport authority promotes Edinburgh high-flier
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.
3 comments
By DOUGLAS HAMILTON

Festival Inns records loss for second year running
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".
By SIMON BAIN

EDF bid for British Energy put at under 700p a share
EDF, the state-controlled French utility, made a takeover offer yesterday for British Energy, the UK's nuclear power provider.
By DOUGLAS HAMILTON

Olympic victory for Aggreko
Temporary power company Aggreko has won the contract to supply the Vancouver 2010 winter Olympics, it was announced yesterday.
By TIM SHARP

Testing times for motorists out to drive down cost of insurance
Plans to toughen the driving test announced this week could eventually cut car insurance costs for all drivers - but only if insurers change their charging habits.
By FRANCIS SHENNAN

Dobbies faces legal battle with Sir Tom Hunter
Garden centre chain Dobbies was today set for a legal clash with billionaire entrepreneur Sir Tom Hunter over its plans to raise £150 million from shareholders.

Freescale sale plan runs into dead end
Freescale Semiconductor conceded finally yesterday that it was "unlikely" to find a buyer to continue production at its East Kilbride fabrication plant - a view its employees have held since its plans to quit the site were revealed by The Herald 11 months ago.
1 comment
By IAN McCONNELL, Business Editor

Decision day for parties interested in British EnergyDecision day for parties interested in British Energy
At least three companies - Spanish energy group Iberdrola, French utility EDF and the German-based power generator RWE - are expected to submit bids for British Energy when the deadline for offers expires today.
By DOUGLAS HAMILTON

Lloyds TSB in cautious mood
Eric Daniels, the chief executive of Lloyds TSB, and the rest of banking giant's board of directors yesterday could hardly contain their self-satisfaction amid the global credit crunch that had rocked almost everyone's world but theirs.
1 comment
By MARK SMITH, Deputy Business Editor

MPC holds off rate cut... for now
The Bank of England yesterday declined to implement consecutive monthly cuts in benchmark UK interest rates, with inflation fears likely to have led to it staying its hand in spite of signs that economic growth is slowing sharply.
By IAN McCONNELL, Business Editor

Bank’s assets ‘hold no appeal’ for Royal & Sun
Insurer Royal & Sun Alliance distanced itself yesterday from reports that it might be in the frame to buy parts of Royal Bank of Scotland' s £5bn insurance business.
By SIMON BAIN

BPI first-half earnings hit by currency woes
British Polythene Industries (BPI) said performance had improved since April but that results for the first half would still be behind those of last year.
By MARK WILLIAMSON

Carphone Warehouse in link with Best Buy
A chain of Best Buy electronics stores is to be built in the UK in defiance of worries about a subdued British consumer after the US company bought a 50% stake in the retail arm of Carphone Warehouse.
By TIM SHARP

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