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Wednesday, November 4th, 2015


Staggering growth at social media company

Facebook now used by a billion people every day

Facebook, the world’s biggest social media company, turned in impressive third quarter figures showing that it now has a billion daily users of the service, most of them on mobile devices. READ MORE

Promotions across teams at KPMG

David Derbyshire

KPMG is targeting growth in its audit, forensic, technology risk and tax teams in Scotland with promotions at partner and director levels. David Derbyshire (left), previously audit director, has been promoted to partner. Based in Aberdeen, he is responsible for providing audit and assurance services to upstream operators and oilfield service businesses in Aberdeen and internationally.  His experience ranges from advising private equity-backed companies to globally-listed groups.  Mr Derbyshire joined KPMG in 1997 and was originally based in the firm’s London office prior to permanently relocating to Aberdeen in 2010.Read More

Week of events for business

Innovation on menu at Clydesdale breakfast

Guy Browning

Writer and professional commentator, Guy Browning, will be speaking to an audience in Edinburgh next week about the importance of innovation, The event, part of Clydesdale Bank’s Business Week, will offer an insight into why optimism and creativity are necessary for success in business. It takes place on 11 November at the Waldorf Astoria in Edinburgh.  More than 40 bank customers, business owners and professionals will attend. An expert on business communication, Mr Browning presents Small Talk on BBC Radio 4 and is a top-selling author with his latest book just published. ClydesdaleRead More

Metals demand drives shares higher

Wed: Shares closed higher as mining stocks rallied on higher demand for metals a positive response to company results. There was some pressure on the market after US Federal Reserve chairman Janet Yellen said a rate hike in December was a “live” possibility, but not a certainty. Better economic news at home was led by the latest Markit/CIPS UK survey showing an uplift in the UK services sector in September (although the sector shrank in Scotland). In corporate news Legal & General rallied as it posted a 14% rise inRead More

Police have made a fourth arrest in connection with a cyber attack on telecoms company TalkTalk

Minister pledges to protect working families

Neil urges unity in fight against tax credit cuts

Social Justice Secretary Alex Neil today called on the Scottish Parliament to unite in opposition to UK Government plans to slash the top-up payments to low income working families. READ MORE

Entrepreneur opens five shops

Dog lover plans to Ruff It with new canine stores

Chris Wood

Edinburgh entrepreneur and dog owner Chris Wood has turned his love and passion for dogs into a business opportunity and will open five stores selling products for dogs… READ MORE

Company joins global list

Insurer Aegon listed as ‘too big to fail’


Aegon has been identified as one of a handful global insurers which are regarded as “too big to fail” and which will therefore faces tougher regulatory scrutiny and require higher capital requirements. The Dutch insurer, whose UK headquarters is in Edinburgh, has been added to the Financial Stability Board’s list, replacing Generali among nine insurers. The move comes as many international banks and insurers face more stringent regulation as policy makers strive to shore up the global financial system from possible future shocks of the sort that followed the collapse of Lehman BrothersRead More

Mahle, the automotive components company, has blamed overcapacity in Europe for shedding 170 of its 400 Ayrshire workers

Cost of fixing holes put at £2bn

Motorists should pay tolls to repair roads says report

Motorists should pay tolls to help fund a £2 billion bill to repair Scotland’s pot-holed roads, says a new report. The Institution of Civil Engineers (ICE) has made the suggestion in a report on the country’s infrastructure. It bases its findings on evidence from council transport chiefs that about a third of Scotland’s local roads are in an unacceptable condition. The Scottish government noted the report’s findings but said it had no intention of introducing road tolls which were scrapped for major river crossings in 2008.   Ronnie Hunter, chairman, said:Read More