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.
FOOD, DRINK & AGRICULTURE
Job fears after Hall’s firm pulls out of UK
There were fears over the future of thousands of Scottish jobs last night after the firm behind the closure of the Hall’s of Broxburn meat plant announced it is selling up all of its UK food businesses. About 13,000 workers employed by Dutch giant Vion throughout the UK, including 2,300 in Scotland, now face an anxious few months as buyers are sought for the meat plants that employ them.
ENERGY & UTILITIES
Wind turbine maker in 750 jobs boost
UP to 750 green energy jobs are set to be created in Scotland making wind turbines, it was announced today. Areva, one of Europe’s biggest wind power firms, revealed that it is to locate its UK turbine manufacturing arm in Scotland. First Minister Alex Salmond was present for the announcement in Paris yesterday and said it could create 750 jobs in both the manufacturing and support supply chain.
Profits jump 38% at Energy Assets
Energy Assets, the Livingston-based gas meter specialist, today reported a 38 per cent jump in first-half profits and unveiled a contract with Dong Energy to supply its industrial and commercial customers.
Bank debt deal adds to pressure on coal miner
INVESTORS and employees at troubled coal miner ATH Resources have been warned that a major restructuring of the business is needed after a turnaround specialist yesterday bought some of its bank debt. ATH, which employs about 330 staff at its five Scottish open cast mines and is one of the UK’s largest miners, said that a fund controlled by turnaround specialist Better Capital had acquired part of the banking facilities held by HSBC and Clydesdale Bank.
Aberdeen is Scotland’s ‘growing success’, says report
Aberdeen is growing more successfully than almost every other city in the UK, according to new research. Accountants PwC said Aberdeen performed best in Scotland, and was ranked third from the 36 UK cities surveyed.
John Watson & Company to be sold to printing firm
VENERABLE Glasgow printer John Watson & Company is to end nearly two centuries of independence with a multi-million-pound sale to a global printing group. The Scottish firm is being sold by its 64-year-old executive chairman, John Watson, the fifth generation of his family to run the business, and the deal could be announced as early as today.