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.
One quarter of Scottish shops could fold within the next year
One in four shops and almost one in five hotels across Scotland could go bust over the next year, according to one of the bleakest forecasts yet on the impact of weak consumer confidence and changing shopping habits.
ENERGY & UTILITIES
UK North Sea outshines Norway for investment in drilling
CHANGES to the tax system are making Britain a more attractive drilling location for oil and gas companies than arch-rival Norway, according to a report published today.
Asco buys Scrabster Port Services
ASCO, the Aberdeen-based logistics company, is gearing up for the development of oil fields to the west of Shetland after buying Scrabster Port Services (SPS) in what is believed to have been a six-figure deal
FOOD, DRINK & AGRICULTURE
Morrisons to review milk buying policy
SUPERMARKET giant Morrisons has announced a review of its milk buying policy after criticism from farmers that it is not paying a fair price for its pints. The firm acted after it came under fire along with Asda and the Co-op from 2000 farmers – including many from Scotland – at a protest in London last week.
Transport costs fuelling problems for ambitious Scots manufacturers
Scotland’s small manufacturers have “ambitious growth plans” but are being held back by rising fuel and transport costs as well as late-paying customers, research suggests.
John Menzies closes air cargo bases
DISTRIBUTION firm John Menzies yesterday unveiled plans to close its cargo operations at four airports, including Glasgow, although it is expected that jobs losses will be kept to a minimum.
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Weather for Edinburgh
Sunday 26 May 2013
Temperature: 9 C to 16 C
Wind Speed: 15 mph
Wind direction: West
Temperature: 8 C to 12 C
Wind Speed: 18 mph
Wind direction: South