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  • National Grid pre-tax profit drops 7 percent

    November 21, 2013 7:38 AM 32

    LONDON (Reuters) - UK-based energy distributor National Grid (NG.L) said on Thursday the business was performing in line with expectations under a new price controls regime in the UK, after reporting a 7 percent drop in its half-year pre-tax profit. In its financial results for the six months to September 30 it said pre-tax profit fell to 979 million

  • Tourism 'fundamental' to job growth

    November 21, 2013 1:44 AM 37

    Tourism could play a "fundamental role" in job creation and economic growth over the next decade, Visit Scotland's chairman has said. Mike Cantlay was responding to a report from consultants Deloitte which said tourism could grow 53.4% by 2025. The report said Scotland's tourism economy will be worth about £11.6bn this year, equivalent to 10.3% of Scotland's

  • Lloyds Bank chief set for 2.3 million pounds bonus after turnaround

    November 20, 2013 9:25 PM 43

    LONDON (Reuters) - Lloyds Banking Group Chief Executive Antonio Horta-Osorio will be awarded a bonus worth 2.3 million pounds after shares in the state-backed lender hit a key milestone on Wednesday. Horta-Osorio is entitled to receive 3 million shares in the bank when its share price trades above 73.6 pence - the price the government paid when it bailed

  • Coupar Angus chicken processing plant to cut 200 workers

    November 20, 2013 5:06 PM 44

    More than 200 jobs are expected to go at a chicken processing plant in Perth and Kinross. The 2 Sisters Food Group said its Coupar Angus site, which employs 658 people, was making substantial losses. The company has begun a 45-day consultation and expects to cut the workforce in the new year. The group, which has 49 manufacturing sites, blamed falling

  • Qatar Airways to launch new service between Edinburgh and Doha

    November 20, 2013 3:07 PM 33

    A new non-stop flight between Edinburgh Airport and Doha in Qatar is to be launched next year. The service will be operated five days a week by Qatar Airways, which serves more than 100 international destinations from Doha. The new Boeing 787 Dreamliner aircraft will fly all year round on the route, which will provide connections to Australian hubs in Perth

  • Share demand soars for AIM company Applied Graphene Materials

    November 20, 2013 11:14 AM 20

    The Wilton company ramping up production of "wonder" material graphene floated on the Stock Market today - as demand for its shares soared by more than twice the expected rate. Within an hour of trading this morning, shares for Applied Graphene Materials had climbed from 155p to 202p, valuing the company at £34.1m. AGM is one of the global leaders in technology

  • Sell Royal Mail, Urges Bank That Led Deal

    November 20, 2013 9:07 AM 16

    A bank which advised on the controversial sale of Royal Mail tells clients to sell the shares in a note obtained by Sky News. One of the investment banks that led the £3.3bn privatisation of Royal Mail told clients to sell the postal operator's shares on Wednesday, arguing that the company was now over-valued. Sky News has obtained a research note issued