Sponsored by
Scottish Business Briefing - Wednesday October 3, 2012
Highland dress maker Kinloch Anderson is setting up shop in Guangzhou
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.
ECONOMICS
Service sector the key after construction output slips
BRITAIN will have to rely on the dominant services sector to pull it out of recession after fresh figures showed construction output continued to shrink in September (Scotsman).
Read all today’s economics news from scotsman.com
FOOD, DRINK & AGRICULTURE
Europe’s troubles water down exports for key whisky sector
SCOTCH whisky exports flat-lined in the first six months of the year at £1.8 billion as the eurozone debt crisis and a tax hike in France took their toll on Scotland’s national drink (Scotsman).
Read all today’s food, drink and agriculture news from scotsman.com
INDUSTRY
Highland dress maker opens Chinese store
SCOTTISH Highland dress maker Kinloch Anderson is setting up shop in Guangzhou as part of its expansion into the burgeoning Chinese market. The family-owned firm is also preparing to open an outlet in Brooks Brothers’ New York department store on Madison Avenue and is considering additional opportunities in the US (Herald).
Read all today’s industry news from scotsman.com
RETAIL
Tesco reports fall in half-year profits
The UK’s biggest supermarket chain, Tesco, has reported its first fall in profits since 1994. Pre-tax profit for the six months to 25 August came in at £1.7bn, down 11.6% from the same period last year (BBC).
Optical Express closes 40 stores
OPTICAL Express, run by Scots entrepreneur David Moulsdale, is to close 40 stores after a subsidiary went into administration. Forty other outlets will be absorbed into the parent company along with all 750 staff (Scotsman).
Read all today’s retail news from scotsman.com
TRANSPORT
West Coast rail franchise: Government cancels contest over ‘unacceptable mistakes’
THE bitter battle between Virgin Trains and FirstGroup for control of the Glasgow-London west coast main line has taken an extraordinary twist with the UK Government cancelling the contest over flaws in how it handled the process. The decision quashes Aberdeen-based FirstGroup’s victory over incumbent Virgin Trains, which is 49 per cent owned by Perth-based Stagecoach, and means Virgin will continue to run trains for the time being (Scotsman).
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Tuesday 21 May 2013
Today
Cloudy
Temperature: 6 C to 16 C
Wind Speed: 13 mph
Wind direction: North west
Tomorrow
Sunny spells
Temperature: 3 C to 13 C
Wind Speed: 23 mph
Wind direction: West
