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Direct Line shares rise on opening 11 Oct 2012 | 01:34 pm
Shares in insurance company Direct Line opened 3 per cent higher this morning from an initial price of 175p that values the business at £2.6 billion, the lower end of its estimated range.
Scottish Business Briefing – Thursday 11 October, 2012 11 Oct 2012 | 01:01 pm
WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.
Peer-to-peer lending rises as bank confidence plummets 11 Oct 2012 | 12:51 pm
Until recently, they said it would never be taken seriously in the UK, but the popularity of the peer-to-peer lending market has proved them wrong.
Energy fund offers £103m ‘vital catalyst’ funding for renewables 11 Oct 2012 | 07:27 am
THE LAUNCH of a £103 million renewable energy fund has been described as a “vital catalyst” in attracting private investment into green projects north of the Border.
French and Germans blamed after world’s biggest defence deal between BAE and EADS sunk 11 Oct 2012 | 04:53 am
A CONTROVERSIAL multi-billion pound deal between BAE Systems and EADS to create the world’s biggest defence contractor has collapsed after last-ditch diplomatic efforts to save the merger failed.
Market: IMF’s tales of gloom depress markets 11 Oct 2012 | 04:34 am
MARKETS continued their slide yesterday as the International Monetary Fund turned its attention to the euro crisis.
Weather hits crop yields, with oil seed rape down a quarter 11 Oct 2012 | 04:00 am
Scottish cereal growers will already know their own figures but yesterday NFU Scotland estimated that national grain yields were around one fifth less than last year.
FSA eases liquidity rule as it wants banks to lend cash, not hoard it 11 Oct 2012 | 04:00 am
The Financial Services Authority (FSA) yesterday confirmed it has been easing liquidity rules on banks to ensure they don’t hoard money intended to boost business and mortgage lending.
Councils set to offer rate aid for retailers 11 Oct 2012 | 04:00 am
ALMOST a third of Scotland’s local authorities are looking to offer business rates relief or rent reductions to help tackle the growing problem of empty shops in town centres.
Banks refusing to refund fraud victims 11 Oct 2012 | 04:00 am
Too many victims of card fraud are being fobbed off by banks and card providers who refuse refunds because chip and pin was used in the transaction, the ombudsman service has said.
