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Day: 29 July 2020

Fundraising options

Rolls-Royce ‘considering’ £1.5bn rights issue

Rolls-Royce
Engine orders have suffered from a sharp downturn in the aviation sector Rolls-Royce is said to be planning a £1.5 billion fundraising exercise to provide some shelter for its balanceRead More

Jobs still at risk

Tourism fund ‘not enough to halt hotel closures’

Huxley hotel and Caledonian
Hotels have faced a tough time (pic: Terry Murden) New support offered for struggling tourism businesses will not prevent hotels closing and jobs being lost, say industry leaders. Finance SecretaryRead More

Partnership for new facility

HPE to aid Edinburgh’s data innovation ambitions

The Data Lab
Climate issues are among those now targeted by data analytics Edinburgh’s aim to become the data capital of Europe will be powered through a partnership with Hewlett Packard Enterprise. TheRead More

£6.5m project

Distillery plan for Benbecula ‘to champion Hebrides’

Benbecula distillery
The distillery will provide 25 jobs Plans have been unveiled for a £6.5 million whisky distillery at Gramsdale on Benbecula. The distillery will produce a single malt whisky, rum andRead More

Telecoms

Lees takes up lead role at BT’s Enterprise business

Alan Lees has been appointed director of BT’s Enterprise business in Scotland. The Glasgow-born executive began his career at BT in 2001 and has worked in a variety of roles.Read More

Wednesday Update

DB Live: Fed rate; Santander; Barclays; Next; Weir; trusts merge

Barclays
9.30pm: US stocks rise as Fed holds US stocks gained ground and the dollar fell as the Federal Reserve’s decision to keep interest rates unchanged. “We have seen some signsRead More

As I See It

Haymarket deal offers hope in an uncertain office sector

Baillie-Giffords-new-head-office
Is the letting of new offices to Baillie Gifford evidence of an upturn in the market, asks TERRY MURDEN

Impact on high street

Warning for jobs and tax revenue as shops lose £1.9bn

Princes Street, Edinburgh
Shops suffered four months of double digit falls (pic: Terry Murden) Retailers in Scotland lost £1.9 billion in sales during the first four months of the Coronavirus pandemic, according toRead More

Accountancy

Key role for Sanderson in KPMG’s tax team

KPMG has appointed an associate partner to lead its private enterprise tax team in central Scotland. Based in Edinburgh, Philippa Sanderson joins the practice from the firm’s north region whereRead More

Energy funding

Hydrogen research fuels drive to remove petrol cars

Petrol and diesel
Hydrogen research will look at phasing out petrol and diesel fuels Research into replacing petrol and diesel cars with hydrogen power is a focus of a new government-backed initiative. ItRead More