Scottish Business Briefing - Thursday 8 March, 2012

Published on 08/03/2012 08:52

Choice of cryptic or quick puzzle, and (just in case you’ve been wracking your brains) yesterday’s solutions.

ENERGY & UTILITIES

T-Rex and Bolan out of tune as wells prove not to be viable

SHARES in Faroe Petroleum fell 5 per cent yesterday after the Aberdeen-based explorer revealed it had discovered oil in its Bolan and T-Rex wells off the coast of Norway but not in high enough quantities to make them commercially viable ({http://www.scotsman.com/business/t-rex-and-bolan-out-of-tune-as-wells-prove-not-to-be-viable-1-2158317

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Read all today’s energy and utilities news from scotsman.com

FOOD, DRINK & AGRICULTURE

86 Johnnie Walker staff redundant as site axed

THE closure of the Johnnie Walker bottling plant at Kilmarnock at the end of this month will see 86 employees forced into compulsory redundancy out of what was a 707-strong workforce (Herald).

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

INDUSTRY

There’s platinum in them thar hills says Scotgold chief Chris Sangster

SCOTGOLD could add copper, platinum and other precious metals to its interests following “exciting” initial findings five kilometres from its Cononish gold and silver mine near Tyndrum (Scotsman)

Remploy plans factory closures with 1,700 job losses

Remploy is proposing to close 36 of its 54 factories, including those in Aberdeen, Edinburgh, Springburn and Motherwell (BBC).

Read all today’s industry news from scotsman.com

RETAIL

Failed bid to halt supermarket tax may reduce Asda investment

SUPERMARKET group Asda is warning that it may scale back new store investments in Scotland after the failure of a last-ditch attempt to throw out a supplementary tax on large retailers (Scotsman).

Morrisons: ‘Professional shoppers’ boost 2011 profits

Morrisons says the emergence of what it calls “professional shoppers” has helped it to lift full year profits (BBC).

Read all today’s retail news from scotsman.com