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Thursday, June 25th, 2015


Tories say council must look to its finances

Tram extension moves closer as business case mounts

Edinburgh Trams

Trams down to Leith and possibly Newhaven moved a step closer today as Edinburgh city councillors fended off an attempt by the Conservatives to pull the plug on a planned extension. An economic assessment of the case, presented to councillors today, has shown there would be benefits from extending the single line route. They backed moves to continue looking at its impact with a view to taking a final decision in the autumn. Labour’s Lesley Hinds argued that passengers numbers were growing and that the tram system, which launched aRead More

Marine Harvest is to create 260 jobs in Rosyth after snatching Sainsbury’s seafood contract from Young’s in Fraserburgh

Economist calls for slowing of cutbacks

Osborne urged to avoid ‘dark shadow’ of further austerity

Brian Ashcroft

A top economist has urged the Chancellor to avoid “the dark shadow” of further austerity measures in next month’s Budget or risk undermining the economic recovery. Prof Brian Ashcroft of Strathclyde University says George Osborne should instead take action to boost productivity and raise investment that will lift wage levels. His latest report from the university’s Fraser of Allander Institute shows the Scottish economy has enjoyed positive growth for the last 11 quarters (since Q1 2012) while the UK’s recovery period has been shorter at eight quarters. Even so, the UKRead More

McLean is latest addition to Baker Tilly

Kenny McLean

Baker Tilly, the professional services firm, has strengthened its consulting practice with the appointment of Kenny McLean as a director. Mr McLean, who will divide his time between the firm’s offices in Glasgow and London, joins from Certeco where he was a director overseeing client change programmes. Prior to that, he held a number of business development and technology consulting roles for companies including KPMG, IBM, SAP and EDS. In his career to date, he has worked with a diverse range of clients including small family businesses, middle market organisationsRead More

Key hire ahead of IPO

RBS plunders Westpac NZ for Williams & Glyn CFO

Royal Bank of Scotland has appointed Leigh Bartlett, chief financial officer at Westpac in New Zealand to take up the same role at Williams & Glyn, the new ‘challenger’ bank. Mr Bartlett has spent four years as CFO at Westpac and before that held senior UK banking and corporate finance roles with RBS, Alliance & Leicester, PwC and KPMG. He  will join Williams & Glyn on 1 September, subject to regulatory approval. He said he looked forward to playing a ‘leading role in building a vibrant UK challenger bank’. RBS chief administrative officer, Simon McNamara said: “He bringsRead More

Summer Budget to promote UK

Osborne may cut higher rate income tax to 40p

Chancellor George Osborne is considering cutting the top rate of income tax to 40p in next month’s Budget in a move aimed at promoting Britain as a place in which to do business. According to City sources, Mr Osborne will use the 8 July statement to position the UK as  a “lower-tax, lower-welfare” economy. Tory grandees, including his predecessor Lord Lawson, are said to be pressing him to cut the current 45p tax rate on earnings above £150,000. This would fulfil a goal that was denied to the Conservatives by their Liberal DemocratRead More

Gatwick Airport has had the busiest year in its history with 38.7m passengers, a rise of 7.8% or 2.8m

Wood Group secures $250m deal to provide operating services for the Central Area Transmission System in the North Sea for up to 10 years

Standard Life to take £45m loss after announcing closure of its office in Singapore

Cyclist to become adviser

Gold medal winner Sir Chris invests in Pure Gym

OLYMPIC Gold medal winner Sir Chris Hoy has been signed up as an ambassador for budget fitness chain Pure Gym to help develop the customer experience. The cyclist, who retired two years ago after winning six Gold medals, has invested an undisclosed sum in the private equity-backed group which launched its latest club – its 100th – in East Kilbride this week. The company is in the process of acquiring LA Fitness and its 43 stores. Edinburgh-born Sir Chris said: “I have followed Pure Gym’s swift expansion over the pastRead More