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Business in Full

National Museum topples Edinburgh Castle as busiest attraction

The National Museum of Scotland has reclaimed top spot from Edinburgh Castle as the nation’s busiest attraction, as booming visitor numbers were reported across the country.

Edinburgh, Fife & Lothians 4
The headquarters of the London Stock Exchange. Picture: Sang Tan/AP

Wednesday market close: Unilever helps market hold onto its gains

Unilever was the biggest riser on the FTSE 100 after investors warmed to news that it was looking at ways to deliver better shareholder value in the wake of Kraft Heinz’s failed takeover attempt.

Markets Economy 5
A boy has his arm measured to see if he is suffering from malnutrition in South Sudan. (Kate Holt/UNICEF via AP)

UK to give South Sudan and Somalia £100m each in aid

South Sudan and Somalia will receive £100 million each in UK aid.

UK 1
The First Minister made the announcement today. Picture: John Devlin/TSPL

Youth employment programme wins £6.1m government funding

Young people across Scotland will continue to benefit from a social fund to help them into work thanks to a £6.1 million investment, Nicola Sturgeon has announced.

Markets Economy 7
Every RBS branch will get a specialist 'TechXpert'. Picture: John Devlin

RBS to spend £100,000 training up digital experts

Royal Bank of Scotland is to spend £100,000 training up almost 200 technology experts, one for each of its branches, to help customers use online and mobile banking.

Financial
An example of dementia-friendly building design. Picture: Contributed

Architects turn to VR to help people with dementia

A new virtual reality (VR) system has been launched to help architects and designers make life easier for people with dementia.

Tech
TVSquared is chaired by Chris van der Kuyl, co-founder of Minecraft developer 4J Studios. Picture: Jeff Holmes

TVSquared nets $6.5m to bolster advertising tech

Edinburgh-based television advertising technology specialist TVSquared has raised $6.5 million (£5.2m) in a funding deal led by Sir Tom Hunter’s West Coast Capital.

Tech
Fergus Ewing will meet fellow agriculture ministers in Edinburgh tomorrow. Picture: John Devlin

Fergus Ewing repeats warning over ticking Brexit clock

Agriculture ministers from the UK, Scotland, Wales and Northern Ireland will meet tomorrow in Edinburgh to discuss post-Brexit agricultural strategy, it has been confirmed.

Farming 27
A Charolais bull leaves the parade ring on the third and final day of the Stirling sales. Picture: Andrew Milligan/PA Wire

Charolais bull sales prove doom merchants wrong

A top price of 25,000 gns and a £62 increase in the sale average saw the Charolais breed meet a steady trade at United Auctions’ Stirling bull sales yesterday.

Farming
Derek Mackay's decision to cap rates rises has been welcomed, albeit tentatively. Picture: Lisa Ferguson

Business rates revision prompts calls for rethink

Changes to rates in some cases have been welcomed by business leaders, but have failed to silence doubts over the system as a whole, writes Emma Newlands.

Companies 13
Etellect counts Babcock Rail among its clients. Picture: John Devlin

Glasgow software specialist expands into Edinburgh

A Glasgow-based business automation specialist is opening an operation in Edinburgh which will act as its mobile development hub.

Tech
The UK is the G20's largest investor in India. Picture: Shaun Botterill/Getty Images

UK strengthens ties with India as investment soars

The UK has strengthened its position as the single largest G20 investor in India, supporting close to 800,000 jobs, according to a new report.

Markets Economy 2
Weir pointed to signs of a 'cyclical upturn' in the mining and oil and gas markets. Picture: Martin Bureau/AFP/Getty Images

Weir on road to recovery after ‘prolonged’ downturn

The new chief executive of Glasgow-based engineering group Weir has predicted “good growth” in the year ahead amid signs of improvement in its key markets.

Companies 2
Lloyds said its earnings were helped by lower PPI provisions. Picture: Jane Barlow

Lloyds profits more than double to £4.2bn

Lloyds Banking Group today posted an annual pre-tax profit of £4.2 billion, more than double the £1.6bn figure reported for 2015.

Financial
Edinburgh-based Bellfield is eyeing a move into cans as it develops new beer ranges. Picture: Contributed

Gluten-free brewer eyes £500,000 to fund expansion

Bellfield Brewery, the Edinburgh-based maker of gluten-free beer, has kicked off a £500,000 funding drive to boost its expansion plans.

Retail
'Let's not rest on our laurels,' urges Jim Duffy. Picture: Ian Howarth

Jim Duffy: Searching for that spark of leadership

So in the week that Entrepreneurial Spark announced its #BlowYourMind17 Impact Report, I think it’s time for Scotland to be congratulated on how it supports its new start and early stage businesses – with the caveat that things need to change.

Management
The BoE, led by governor Mark Carney, has admitted to being overly pessimistic about the impact of Brexit, writes Martin Flanagan. Picture: PA Wire

Martin Flanagan: BoE tries to tell it like it is

Candour in public life is always welcome, and sometimes even useful.

Markets Economy 1
MPC member Gertjan Vlieghe gives evidence to the Treasury select committee. Picture: PA Wire

Bank of England forecasts remain flawed, MPs told

The Bank of England will fail to forecast the next financial crisis despite having learned from its “Michael Fish” moment, MPs have been told.

Markets Economy
The deal was led by Joseph Keenan, left, and Dara Changizi. Picture: Contributed

Renfrewshire print business bought out for £6.5m

A Renfrewshire print finishing business is to modernise and expand after being acquired in a £6.5 million buy-out deal.

Companies
HSBC also warned that growth was under threat from Brexit and Donald Trump's presidency. Picture: Danny Lawson/PA Wire

HSBC voices fears on protectionism as profits slump

HSBC has cast a shadow over the start of the banks’ reporting season as Europe’s biggest lender unveiled a 62 per cent slump in 2016 profits, and warned of the risks of political protectionism.

Financial 1
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