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Scottish Business Briefing – January 4th 2011
British Waterways Scotland, the public body which manages the Union Canal, has signed a partnership deal with Amor. Picture: Phil Wilkinson
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
Scotland fails to match UK M&A activity
Scotland missed out on an expansion of merger and acquisition activity in the UK last year, with the value of corporate deals slumping by 39 per cent north of the Border.
Industrial woes point to return of recession
Britain has come a step closer to a second recession after a key manufacturing survey showed the country’s producers ended 2011 in their worst position since the 2009 economic crisis.
CBI repeats its demand for freeze on business rates across Scotland
CBI Scotland has renewed its call or a ban on further business rate levies or rises during the remainder of the current parliament after the Scottish Government yesterday boasted that small firms operating in the culture and tourism sectors have benefited from its policies.
Read all today’s economics news from scotsman.com
RETAIL
Next sales on target as online business outperforms
Next has reported that its autumn and pre-Christmas sales were on target after buoyant online business made up for a poor showing at its stores. Total sales at the clothes retailer between 1 August and 24 December rose 3.1% compared with a year earlier, ignoring the effect of rising VAT.
Read all today’s retail news from scotsman.com
ENERGY & UTILITIES
SSE powers its way to milestone as wind overtakes hydro generation
Scottish & Southern Energy yesterday blew through a power generation milestone by producing more electricity from onshore wind turbines than its hydro-electric dams for the first time as it gears up for “significant” expansion in 2012.
Read all today’s energy and utilities news from scotsman.com
TECHNOLOGY
Wheel of fortune: Amor’s £2.3m waterways contract
AMOR Group, the fast-growing Scottish IT firm, yesterday unveiled a £2.3 million deal with British Waterways Scotland , the body that runs the Union and Forth & Clyde canals and the Falkirk Wheel boat lift.
Read all today’s technology news from scotsman.com
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