The Scotsman / Business

Today News


Post-Brexit trade deals a mixed bag for farming sectors

While the future of the UK’s sheep industry doesn’t look particularly bright under any of the likely post-Brexit trade deals, the fortunes of other sectors of the industry will be highly dependent on the shape of these future trade…


Martin Flanagan: PwC fine shows auditors are in firing line


Rightly or wrongly, many believe the accountancy profession has been Teflon-coated in they way it has seemingly got off from so many company financial scandals down the years.


British banks ‘behind schedule’ in post-Brexit preparations

British-based banks seeking to relocate some operations to the EU before Britain quits the single market are behind schedule in their preparations for the move, a European Central Bank (ECB) supervisor has warned.

Wednesday, Aug 16


Lookers profits go into reverse as car market ‘softens’

Car dealer Lookers has posted a fall in profits and warned the UK market is “softening”, with Brexit partly to blame.


Balfour Beatty back in profit amid ‘selective’ bidding

Balfour Beatty swung back into profit in the first half as the construction and infrastructure group’s turnaround under chief executive Leo Quinn continues.

Scottish deer antlers head for Chinese medicine market

In one of the most unusual exports in recent times, a shipment of Scottish red deer antlers has started its 35-day journey from Dumfries and Galloway to the Far East where the antlers will be used in medical potions. The consignment,…


Hargreaves Lansdown earnings boosted by client growth

Hargreaves Lansdown has reported that soaring client numbers boosted profits, but warned of a challenging environment for savings and investment.

Strong gold price gives profits a lift at pawnbroker H&T

Pawnbroker H&T saw its shares jump 10 per cent yesterday after a strong half-time profits rise partly on the back of a favourable gold price.

Menzies upbeat despite lower profits and ditched DX deal


Logistics group John Menzies has revealed a sharp drop in half-year profits after being hit with costs linked to its aborted £40 million tie-up with parcels business DX. The Edinburgh-based baggage handler and newspaper distributor said…

Tuesday, Aug 15


Housing group Mears says Grenfell disaster to hit profits

The Grenfell Tower tragedy will hit profits at social housing and support services provider Mears Group this year as clients delay new projects.


Revolution Bars rejects nightclub outfit’s merger proposal

Revolution Bars has rebuffed a merger proposal from nightclub operator Deltic Group.


Inflation holds steady amid falling prices at the pumps

The rate of consumer prices index (CPI) inflation remained at 2.6 per cent last month, the Office for National Statistics (ONS) said today.


John McLellan: Kezia Dugdale and the defamation ‘lottery’

Scottish Labour leader Kezia Dugdale may be quietly satisfied the defamation action launched against her by the Nationalist blogger Stuart Campbell, the man behind the Wings over Scotland website, is opening up divisions amongst…


Monday, Aug 14


Nick Freer: Start-ups must establish the right connections

It was two days since we had spoken to a reporter from the world’s leading tech news outlet, over a week since I had pitched the story but as I scanned the site on the morning school drop there was still no sign of it. My heart sank and so…


Bill Jamieson: August is a wicked month for market wobbles

Why does it always happen in August? The world is on holiday, fund managers stretched out on the beach, investors relaxing and barely a cloud in the sky. But black clouds have quickly gathered. A storm is brewing.

Best profits for UK plc in five years as sales grow

UK-listed companies reporting annual results in the second quarter of 2017 notched their best pre-tax profits since 2012, but the outlook is far gloomier, a study published today has found.

Scottish salmon exports leap to record high of £345 million

Scottish salmon producers are enjoying record overseas sales, with new figures revealing exports of the fish reached £345 million in the second quarter of 2017 – an increase of more than 70 per cent on the same period last year.


Inquiry into ‘discriminatory’ delivery charges for rural Scots

A full inquiry by watchdogs is being demanded into “discriminatory” delivery charges faced by millions of Scots living in rural areas.

Sunday, Aug 13


Nicola Sturgeon joins criticism of Clarks’ ‘sexist’ shoe range

The Scotsman

Footwear firm Clarks has sparked a sexism row after naming a girls’ shoe range Dolly Babe and a boys’ line Leader.

Saturday, Aug 12


Edinburgh International Book Festival: Howard Jacobson’s Trump novella is a horror story for 2017


In the early hours of 9 November, 2016, Howard Jacobson woke with a feeling of abject horror. The sense that “a hobgoblin was sitting on my chest, that something evil had happened in the world”.


Union demands government action over surge in violence on trains

The Scotsman

A union has called on the Scottish Government to improve security and staffing levels on some rail routes to help combat 
rising anti-social behaviour and criminality.

Friday, Aug 11


Npower heading for a loss amid ‘fierce’ competition

The owner of Npower says the “big six” energy supplier will record a loss this year as it grapples with “fierce competition and political pressure”.


Snapchat grows users but falls short of revenues forecast


Photo app Snapchat added seven million new users in the last three months, the company’s latest financial results revealed.


Nationwide profits drop amid cooling buy-to-let market

Nationwide saw profits tumble in the first quarter as it braces for a period of potential “prolonged economic uncertainty” and amid a retreat from the buy-to-let market.


Brexit could be a mixed blessing for potato sector

While the wider potato industry might be much less exposed to some of the post-Brexit trade risks which could be disastrous for other sectors of agriculture, the industry still faces many challenges in the coming years.

Sofa retailer DFS warns of hit from weather and election


Sofa chain DFS has confirmed that profits will take a hit after an uncertain economic environment, the snap general election and warm weather led to weak trading at its stores.

Co-op Bank sheds 25,000 customers but trims losses

The red ink has continued at embattled Co-operative Bank as the lender yesterday put out its first earnings report since it recently sealed a £700 million rescue deal with investors.


Martin Flanagan: Korean escalation jolts the market

It’s about time, I suppose. Financial markets have finally decided they can’t just factor in Trump unpredictability any more.

Property adviser Savills cautious despite jump in profits

Upmarket property adviser Savills has posted a leap in profits, but also flagged a cooling UK residential market and cautioned over Brexit uncertainty.