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Thursday, December 24th, 2015

 

Oil stocks buoyed by Opec report

London Stock Exchange

Thur: Oil stocks ticked up even though Brent Crude turned downwards following yesterday’s rise in an otherwise quiet and truncated session. Brent crude fell 0.34% to $37.23 per barrel, reversing an increase in morning trade. West Texas Intermediate, however, continued to climb with a 0.13% increase to $37.55 per barrel. Oil majors rose after OPEC yesterday said it predicted that oil prices are set to recover, reaching $70 per barrel by 2020. The organisation also said it will cut its supply on rival production in the future. Oil and gas stocksRead More


Scottish driver joins motoring programme

Coulthard joins new Top Gear line-up

The line-up for the revamped BBC Top Gear series has been revealed and it includes former Scottish racing driver David Coulthard. Also joining Chris Evans are online motoring journalist Chris Harris – first tipped by Daily Business immediately after Jeremy Clarkson was fired – and German racing driver Sabine Schmitz. The BBC did not renew Clarkson’s contract following an incident with a producer of the show in March. His co-presenters Richard Hammond and James May decided not to renew their own contracts and the trio have signed up with Amazon Prime to present aRead More


Rangers has announced that the club has repaid the £5 million loan to Mike Ashley’s Sports Direct retail chain


Reporter suffers facial injuries

Man arrested after attack on Sun journalist

Scottish Sun

A man has been arrested in connection with an alleged serious assault on a journalist working for the Scottish Sun. READ MORE


Courier says fund is needed

Call for return of tolls to repair Forth Road Bridge

Jerry Stewart

A Courier firm leader has called for the restoration of the toll on the Forth Road Bridge to help build a maintenance fund. READ MORE


Interbulk agrees to takeover

McColl chemicals firm acquired in £42m deal

Jim McColl

Chemicals transport firm InterBulk, in which Scots entrepreneur Jim McColl is a director, is being taken over by Dutch logistics major Den Hartogh in a £42 million agreed deal. The AIM-listed logistics firm, which specialises in chemicals, polymer, food and minerals, saw revenue fall 12% in the year to 30 September, to £225.3m. Interbulk blamed the fall on destocking, triggered by falling oil prices, intensified competition in the liquid bulk storage and transport sector, continued restructuring of the European polymer industry, and unfavourable currency movements. Its profit before tax remained flat atRead More


Mortgages at seven year high

Lending to companies and homebuyers on the rise

Property for sale

Lending to companies in now expanding and the mortgage market is at its highest for seven years, according to new data. READ MORE


Another setback for Edinburgh firm

Illinois joins list of states banning FanDuel fantasy games

Lesley Eccles 2

Fantasy sports firms FanDuel and DraftKings have been handed a pre-Christmas setback after another US state ruled that their activities are illegal gambling. READ MORE


Deal expected to complete next month

Dobbie’s Castle Street in talks to acquire IT company

Bill Dobbie

Castle Street Investments , the company formed out of the now defunct Edinburgh dating service Cupid, is in talks to acquire an undisclosed IT business. READ MORE