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.
Businesses condemn Swinney’s rates revaluation delay to 2017
Business groups today attacked finance secretary John Swinney’s decision to delay a rates revaluation until 2017, warning he has left current ratings “dangerously out of date” (Scotsman).
ENERGY & UTILITIES
Falkland oil firm’s shares slump as well abandoned
Shares in Falkland Oil & Gas almost halved in value yesterday after telling investors it would abandon a well in the South Atlantic following disappointing results (Scotsman).
FOOD, DRINK & AGRICULTURE
Profits slump at JW Galloway
FAMILY owned meat producer JW Galloway has seen its profits slump, in spite of a 2% rise in turnover Herald)
Process ‘could become new GM’
Public opinion is the biggest hurdle to the controversial fracking method of gas production being used in the UK, a business gathering heard in Aberdeen yesterday (P&J).
John Menzies in £20m deal for marketing firm
Logistics group John Menzies has agreed to buy Orbital Marketing Services in a deal that could be worth almost £20 million (Scotsman).
MEDIA & LEISURE
Scots hotels facing threat of failure after occupancy rates slide
Hotels across Scotland have been hit by continued falls in occupancy and revenues, according to a report warning that more operators may suffer the same fate as the parent company of the Malmaison chain by falling into administration (Scotsman).
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Weather for Edinburgh
Thursday 23 May 2013
Temperature: 5 C to 10 C
Wind Speed: 23 mph
Wind direction: North west
Temperature: 4 C to 13 C
Wind Speed: 17 mph
Wind direction: North east