Easdale provides £500k loan to keep wolves at bay for Rangers January 5, 2015 RANGERS have taken a £500,000 short-term loan from key shareholder Alexander Easdale to avoid being wound up by HMRC, it emerged yesterday. The beleaguered club is thought to have received a seven-day notice letter at the end of December demanding the payment of national insurance. Rangers said in a statement the loan would be used [...]
Christmas sales flop for UK’s supermarkets January 5, 2015 SUPERMARKETS’ sales were flat on the year over the Christmas period, as the retail giants received little benefit from the economic recovery, industry data showed yesterday. By contrast, consumers were happy to shop elsewhere over the festive season – Black Friday was the biggest shopping day ever, according to numbers from Barclaycard. Supermarket grocery sales [...]
John Lewis calls for an end to heavy Black Friday discounting January 5, 2015 JOHN Lewis boss Andy Street has urged UK firms to hold back on Black Friday discounting because of its heavy cut to profits. The retailer’s managing director said the American-inspired sales day at the end of November gave John Lewis its biggest trading week on record, with sales up 22 per cent on last year, [...]
Aveva builds offering with £27m purchase of Northern Irish firm January 5, 2015 ENGINEERING firm Aveva has bought risk management software business 8over8 for £26.9m. Northern Ireland-based 8over8 provides risk management software to the oil and gas and infrastructure industries. The firm’s clients include BG Group, BP and Shell. The deal was carried out using Aveva’s existing cash resources, and an additional bonus and incentive arrangement has been [...]
Unite picks Pinsent for pensions January 5, 2015 UNITE the Union, the largest trade union in the UK and Ireland, has appointed international law firm Pinsent Masons as the sole adviser on its £800m Unite Pension Scheme for staff and officers, it emerged yesterday. The pension pot recently doubled in size following the recent merger of the former TGWU and Amicus union pension [...]
CWM FX wraps up Chelsea as online partner January 5, 2015 CHELSEA football club has announced CWM FX as its new online foreign exchange trading partner. The deal, which runs until 2018, will see CWM FX market its foreign exchange products and services across Chelsea’s digital media channels. “We are delighted to welcome CWM FX on board with us,” said Adrian New, Chelsea FC managing director [...]
Gulf Keystone positive for 2015 January 5, 2015 SHARES in oil firm Gulf Keystone Petroleum fell by 3.33 per cent yesterday, following a trading update which revealed that its Shaikan operation is producing oil from seven wells, with an eighth expected to come online later this month. The update also revealed that daily production has been increasing since early December 2014, and reached [...]
Manufacturer McBride reveals savings of £12m in UK business January 5, 2015 BRITISH private label products maker McBride stated yesterday that it is on track to deliver savings of £12m by the end of June 2016 in its UK business, as a result of a continuing restructuring project. In a trading update, the firm said it had benefited from continued strong growth in Germany in the six [...]
Woodford: UK faces crunch time over EU January 5, 2015 RESPECTED fund manager Neil Woodford yesterday warned that the UK’s relationship with the EU is at a critical point. In a blog post on the website of his investment firm, CF Woodford Equity Income, the star investor said: “I believe the UK is fast approaching the point at which it has to decide whether it [...]
New boss in the hot seat at print firm Xaar January 5, 2015 BRITISH printing technology firm Xaar has appointed Dr Doug Edwards as its new chief executive, replacing Ian Dinwoodie who is set to retire this year. Edwards was previously president of digital printing and enterprise at Kodak. He takes up his new role and joins the Xaar board with immediate effect. Shares in the company went [...]
