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.
Firms braced for ‘expensive year’ as inflation rises
ECONOMISTS have warned that high oil and utility prices are expected to keep inflation high this year as the Bank of England prepares to deliver its quarterly report this morning (Scotsman).
ENERGY & UTILITIES
Energy firm’s £64m boost
ENERGY Ventures, the Norwegian private equity business, has said it aims to invest £64 million in the UK in the next 12 months and has beefed up its Aberdeen team to help it achieve that target (Herald).
FOOD, DRINK & AGRICULTURE
Houston Brewery toasts Aldi deal amid expansion plans
A MICRO-BREWERY visited by the likes of Neil Diamond, Ally McCoist and Paolo Nutini has become the latest beer maker to unveil expansion plans after signing a £720,000 financing deal with HSBC and securing its first supply contract with Aldi (Scotsman).
Crest soars in early trading
Housebuilder Crest Nicholson was valued at more than £600 million today as it returned to the stock market after a painful five-year absence (Scotsman).
Profits sliding at pawnbroker Albemarle & Bond
PAWNBROKERS have been one of the few boom businesses on Britain’s high street in recent years, but even they are not immune from hard times (Scotsman).
Airport boss on move
Aberdeen International Airport (AIA) boss Derek Provan is taking off for London as director of airside operations at Heathrow (P&J).
SCOTSMAN CONFERENCES The Future of the Media in Scotland Join us on 9th of April as a formidable panel of speakers take to the stage at this not-to-be-missed event. Speakers including: Kevin Bakhurst (RTE); Ashley Highfield (Johnston Press) & Elizabeth Partyka (STV) will tackle the tough questions facing Scotland’s media in the 21st century. Book your place today. (Scotsman Conferences)