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WHAT HAPPENED ON 22nd January 2001?
21st January 2001
CHALLENGE TO ROAD CONTRACT AWARDS FAILS
Legal action challenging the way the Scottish Executive has awarded major road contracts has failed. A consortium of local councils who had bid for a west of Scotland contract have been refused the right to appeal against dismissal of their action. This follows failed legal action by local authorities in the north east. It is expected all four major contracts will now go to private contractors. The Parliament's Transport Committee is expected to announce an inquiry.
22nd January 2001
ANIMAL TESTS LAB SHARES SOAR AFTER DEAL
Shares in animal testing laboratory Huntingdon Life Sciences have soared after the firm clinched a rescue deal. The East Anglia firm's shares rose 66% when the stock market opened today. Its future was put in jeopardy when the Royal Bank of Scotland threatened not to extend its share of a £22.6m loan. The firm which was targeted by animal rights campaigners sealed an 11th hour deal backed by unnamed investors which saw the bank write off £11.6m.
22nd January 2001
MINISTERS TO LOSE SCOTS SENTENCING ROLE
Laws are being drawn up in Scotland to end politicians' right to decide if prisoners serving life should be freed. The Executive says it is meeting the needs of European human rights law. Under current procedures the final decision on whether to free inmates in Scotland is made by justice ministers. In future a judge will set a "punishment period" on sentencing after which time the parole board will decide on suitability for release.
21st January 2001
ICELAND REVIEWS LINES AFTER POOR SALES
Food retailer Iceland is to review its organic product lines after a fall in its pre-Christmas sales. Sales during the four weeks before December 29 fell by 5.5% & the firm has promised a "thorough evaluation". Iceland was the first large high street chain to ban genetically-modified material from its own-brand products. Sales "had not matched the company's expectations" a spokesman said. Iceland shares fell 15p to 243.5p.
22nd January 2001
ANIMAL TESTS LAB SHARES SOAR AFTER DEAL
Shares in animal testing laboratory Huntingdon Life Sciences have soared after the firm clinched a rescue deal. The East Anglia firm's shares rose 66% when the stock market opened today. Its future was put in jeopardy when the Royal Bank of Scotland threatened not to extend its share of a £22.6m loan. The firm which was targeted by animal rights campaigners sealed an 11th hour deal backed by unnamed investors which saw the bank write off £11.6m.
22nd January 2001
MOBILE PHONE FIRM OFFERS BARGAIN SHARES
Mobile phone company Orange is offering investors shares to support its stock market flotation. The firm says shares will be priced from £7.35p to £8.62p when it floats 15% of its business on the stock market in two weeks. The price values the company at up to #41bn much less than the £100bn hoped for by owner France Telecom last year. So far 600 000 people in the UK have registered an interest in the flotation
21st January 2001
EXECUTIVE AGREES TO AUDIT AT BISHOPTON
The Scottish Executive has agreed to hold an independent audit into the proposed closure of the Royal Ordnance Factory at Bishopton. Enterprise Minister Wendy Alexander has accepted a call from unions to have the National Audit Office investigate the viability of the plant. The 270 workers at the plant have spent the past two years living under the threat of closure. The Renfrewshire site makes missile propellant for the Ministry of Defence.
22nd January 2001
ANIMAL TESTS LAB SHARES SOAR AFTER DEAL
Shares in animal testing laboratory Huntingdon Life Sciences have soared after the firm clinched a rescue deal. The East Anglia firm's shares rose 66% when the stock market opened today. Its future was put in jeopardy when the Royal Bank of Scotland threatened not to extend its share of a £22.6m loan. The firm which was targeted by animal rights campaigners sealed an 11th hour deal backed by unnamed investors which saw the bank write off £11.6m.
22nd January 2001
What People were saying on
"I find I am expected just to do what I am told especially by women who we all know are so much more mature than we men. And I say that not only because my wife is in earshot."
"No pacts no deals no nonsense from the Liberal Democrats."
"Politics was once a vocation. It became a career & is now a rip-off."
