DOUGLAS HAMILTON
BAA, the owner of Scotland's major airports, announced yesterday that it has signed a five-year outsourcing contract with LogicaCMG and will transfer 50 of its employees to the information technology company.
Credit Suisse Group said yesterday fourth-quarter net profit fell 72% to SwFr1.33bn (£637m) because of writedowns for investment banking and money-market funds.
British Energy has won a battle to keep control of Eggborough, its remaining coal-fired power station, after the Court of Appeal blocked a proposed takeover plan organised by investment bank Credit Suisse.
Stephen Westwood, who was ousted as chief executive of Dundee-based medical technology group Idmos last July, was paid £138,625 in compensation, according to the com-
pany's annual report just published.
The likelihood of ScottishPower changing from Spanish to French ownership increased yesterday after the French government told its counterparts in Madrid that EDF Energy is interested in its power market.
Scottish Widows has followed hard on the heels of Aegon Scottish Equitable by imposing restrictions on 200,000 investors in its £2bn life and pensions property funds.
David Urquhart Travel, one of the biggest independent coach tour operators in the UK, has reported a drop in pre-tax profits and will not offer a dividend for the year that ended on April 30, according to latest figures from Companies House.
Alistair McKever, the operator of a string of upmarket hotels and a controversial portfolio of homeless accommodation, saw his business swing back into profit by the end of 2006, according to the latest Companies House filing.
The head of Cairn Energy's Indian subsidiary said its key discovery in Rajasthan was now expected to produce oil at a much faster rate after it went on stream quicker than scheduled.
Kilmarnock Football Club saw its profit fall sharply for the year ended May 31, 2007, but the business still managed to stay in the black, according to the latest financial report from Companies House.
The value of fines handed out by the Financial Services Authority has fallen to its lowest level in six years. The FSA issued £5.3m worth of penalties this year, according to figures published on its website.
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