Scottish Business Briefing – Friday, 20 April, 2012
ECONOMICS
Signs of hope as company failure risk levels drop
FEWER Scottish companies are facing a high risk of failure, a survey published today shows. Business recovery specialist Begbies Traynor said the number of firms reporting serious problems fell in the first quarter year-on-year by 31 per cent in Scotland. (Scotsman)
Investment in bypass key to region’s economic wellbeing
The much delayed Aberdeen bypass is the most important infrastructure investment to help north-east firms prosper, a new study has shown. (Press and Journal)
FOOD, DRINK & AGRICULTURE
Highland Spring edges closer to UK’s No1 water brand Evian
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Hide AdHIGHLAND Spring chief executive Les Montgomery says the company is “closer than we have ever been” to ousting French giant Evian as the UK’s leading bottled water brand, with new industry data revealing growth in sales by the Scottish group. (Scotsman)
MANAGEMENT
Law firm expands operation to Glasgow
LAW firm Turcan Connell is expanding into the west of Scotland and opening an office in Glasgow. The private client and charity specialist is in “advanced” negotiations to sign a lease on a site close to George Square.
(Herald)
RETAIL
270 jobs are saved as Happit chain is sold
THE owner of Scottish-based women’s fashion chain Happit was bought out of administration yesterday by the man who produces clothing for labels such as Cypress Point, Everlast and Lee Cooper. (Scotsman)
TRANSPORT
Aberdeen Harbour to invest £20m as profits rise
Aberdeen Harbour saw its profits almost double to £2.1 million last year following record growth in traffic, new figures have revealed. (Scotsman)