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.
ENERGY & UTILITIES
SSE creates deputy role as utility unveils management shake-up
SCOTTISH Hydro-owner SSE yesterday unveiled a senior management reshuffle that suggests the emergence of a succession plan for longstanding chief executive, Ian Marchant (Scotsman).
FOOD, DRINK & AGRICULTURE
Poor weather and rising costs take the sparkle out of AG Barr profits
ATROCIOUS spring and summer weather had a greater impact than the adverse economic backdrop on soft-drinks group AG Barr’s halftime trading, chief executive Roger White admitted on Monday (Scotsman).
AAM bullish as rise in value of funds offsets £100m net outflow
Aberdeen Asset Management (AAM) has seen the value of its funds rise, despite suffering net outflows in recent months as a strong recovery in global markets failed to persuade more clients to invest their cash (Scotsman).
MEDIA & LEISURE
Loyal client base helps profits at Hoggs climb by 24%
FOOTWEAR and clothing firm Hoggs of Fife believes it is growing sales and profits because customers from the farming community trust its products (Herald).
JJB Sports shares suspended as administration looms
Trading of shares in JJB Sports has been suspended as the struggling sports clothes and equipment retailer prepares to call in the administrators (BBC).
John Clark stays cautious despite record new car sales
John Clark, one of Scotland’s biggest motor dealerships with a string of east coast showrooms, has enjoyed a second year of record profits as car sales took an upswing and the firm continued its expansion drive (Scotsman).