Scottish Business Briefing – July 16th 2013

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WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.

INDUSTRY

Clyde Union pumps business sees upturn in fortune

Clyde Union, part of the pumps business sold by Jim McColl’s business empire to US-based SPX in 2011, saw its losses narrow last year, with a key executive leaving and jobs cut. The company, which last month announced a further 160 jobs were at risk at its Clyde Union Pumps’ Glasgow site, said 2012 had been a year of integration for the business under the new owner.

Tulloch’s £30m green light for new work and 180 jobs

A STRING of housing projects have been given the go ahead by Tulloch Homes in a move that will create some 180 jobs. The developments, which amount to an investment of £30 million, come as the Inverness-based firm racks up its best half-yearly sales performance in five years. It is the latest housebuilder to report a recovery as buyers head back into the market.

Read all today’s industry news from scotsman.com

FOOD, DRINK & AGRICULTURE

SCOTSMAN CONFERENCE

Scottish Food & Drink: Keeping it in the family – 10 Sept, Edinburgh

20% Early bird discount until 19 July

Join us as we examine the success of Scottish family food and drink business. Hear experts share their strategies for growth and how to avoid pitfalls along the way. If you have an interest in the sector, whether as a producer, policy maker or someone setting up a new business, you can’t afford to miss this event.

(The Scotsman Conferences)

Carr’s business improves after mill closure and poor harvest

CARR’S Milling Industries has seen an improvement in its business, thanks to competitors closing and a greater dependence on overseas wheat. The company said the flour milling industry has been plagued with over capacity and volatile pricing in recent years. However, a poor UK wheat harvest in 2012 has meant a greater need for imported grains.

Read all today’s food, drink and agriculture news from scotsman.com

MEDIA & LEISURE

Cupid in £45m deal to sell sites to co-founder

CUPID yesterday agreed to sell its “casual dating” business – including sites such as Benaughty.com and Flirt.com – to co-founder Max Polyakov in a deal worth £45.1m. The Edinburgh-based firm had revealed in May that it was in talks with unnamed buyers and yesterday said the disposal would enable it to focus on its mainstream online dating sites such as Cupid.com and UniformDating.com.

Read all today’s media and leisure news from scotsman.com

RETAIL

Barnes and Brown exit in Dobbies boardroom shuffle

JAMES Barnes, the long-standing chief executive of Dobbies Garden Centres, has left the Tesco-owned company along with finance director Sharon Brown. The sudden and unexplained departure of the two senior figures in the Lasswade-based business emerged as Tesco unveiled its latest plans to develop the chain.

Read all today’s retail news from scotsman.com

TECHNOLOGY

Game analysis firm secures investment for new platform

AN online data analysis business has secured $1.3 million (£862,000) of investment which will help it to double staff numbers. GamesAnalytics, founded two years ago, plans to use the money to boost the development of its technology platform Predict and add to its sales and marketing activities in Europe and the US. Management believe that will help the business attract several new customers.

Read all today’s technology news from scotsman.com