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Wednesday, February 24th, 2016

 

Slide in circulation continues

Scots news titles see further sales decline

newspapers

Scotland’s national newspaper titles have suffered a further huge drop in sales, according to the latest figures from the Audit Bureau of Circulations. READ MORE


Decision helps builders

SPF welcomes exemption on surcharge

David Melhuish

The Scottish Property Federation (SPF) has welcomed the Holyrood Government’s decision to exempt transactions of six or more homes from .. READ MORE


‘Exciting’ developments at Scotgold

Richard Gray

Wed close: Scotgold Resources announced plans to begin a bulk processing trial at the Cononish gold mine, near Loch Lomond. The AIM-traded company said it would process 2,400 tonnes of its stockpile over a six-month trial period. Scotgold said the stockpile was believed to contain 7,000 tonnes, at grades of 7.9 grams per tonne of gold, and 39 grams per tonne of silver. Chief executive Richard Gray (pictured) said: “This is the most tangible and exciting development undertaken by the company since incorporation.” Chairman Nat Le Roux added: “Both IRead More


CBRE office report

Office demand building momentum

Haymarket

New figures on the Scottish office market show the highest take-up in Edinburgh since 2004, strong demand in Glasgow and a predictable fall in Aberdeen as a result of the oil price slump. READ MORE


The London Stock Exchange and Deutsche Bourse are in talks over a potential £20 billion merger


Founder says consumer protection required

FanDuel chief Eccles: fantasy sports ‘will be regulated’

Nigel Eccles

FanDuel co-founder Nigel Eccles says regulation of the fantasy sports games sector is “going to happen” and the firm has been planning for it for two or three years. READ MORE


Digital revenues rise

Profits rise at STV despite fewer commissions

STV catchphrase

STV saw a 10% lift in profits last year despite fewer commissions which led to its production division missing its growth target. READ MORE


Customers delay orders

Weir profits halve on oil price slump

Keith Cochrane

Pumps and valves firm Weir Group saw pretax profit almost halved as the oil price slump created “unprecedented” market challenges. Annual pretax profit fell 47% from £409 million to £220m on revenue down 2% to £1.92 billion. The company also saw strong cash generation, with free cash flow up 67% to £132m. Net debt was also reduced by £36m, despite a £48m foreign exchange headwind, and the company said up to £100m would be realised from the disposal of non-core assets in the 2016 year. Keith Cochrane, chief executive, said: “Despite market challenges which are unprecedented inRead More


Hurley takes new role at Scott Logic

Kirsten Hurley

Bespoke software development consultancy Scott Logic has appointed Kirsten Hurley as business development manager as it continues to grow its client base. Ms Hurley joins the firm in a newly-created role from a similar position at IT consultancy Company85, having enjoyed a 12-year career in professional services in IT that began in a boutique capital markets firm. She explained: “I started out selling trade floor consultancy to banks, with quite a diverse portfolio, so it was Scott Logic’s involvement in providing software solutions to capital markets that was this role’sRead More


Lawrie joins Campbell Dallas as director

Campbell Dallas has appointed Zenga Lawrie, an expert in international trading, particularly in the oil and gas sector, as a director based in the firm’s Aberdeen office. Ms Lawrie, who is a CA and has a BA in accounting with distinction, has extensive knowledge of the complex tax and operational issues affecting businesses trading in other jurisdictions.  She has undertaken restructurings, established new businesses, financial reporting, business reviews, ERP implementation, budgeting and meeting statutory tax and reporting obligations. She has managed a broad range of financial projects in a wideRead More