Scottish Business Briefing - Friday 7 September, 2012
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
Scots business must look to global markets, says CBI Scotland chairman
Advertisement
Hide AdAdvertisement
Hide AdSCOTTISH business needs to embrace globalisation, the chairman of CBI Scotland told the organisation’s annual dinner last night. Nosheena Mobarik said businesses north of the Border must boost their exports performance and find new foreign markets and partners to be a “real force for good” in an “interconnected world”. (Scotsman)
ENERGY & UTILITIES
Oil firm Valiant’s ‘strategic review’ could see sale or merger
NORTH Sea-focused oil firm Valiant Petroleum put itself on the market yesterday, announcing a surprise strategic review that could also see it expand its portfolio. The firm launched a “review of options” aimed at value for shareholders and invited interested parties to contact it to discuss a merger or sale. (Scotsman)
FOOD, DRINK & AGRICULTURE
Britvic-Barr merger ‘unlikely to be trumped by rival bidder’
ANALYSTS believe there is limited scope for a rival bidder to scupper the merger of soft drink groups AG Barr and Britvic, which are in talks over a possible £1.4 billion tie-up. (Scotsman)
INDUSTRY
Shares in Turriff owner dive after profit shock
The company behind the January 2011 takeover of north-east firm Turriff Group delivered a profit warning yesterday and also announced that its boss had left. (Press & Journal)
TRANSPORT
Advertisement
Hide AdAdvertisement
Hide AdScotland continues to drive sales of new cars ahead of UK figures
New car registrations grew just 0.1 per cent to 59,433 last month, according to figure released today by the Society of Motor Manufacturers and Traders (SMMT). (Scotsman)
Virgin sets out target for Scottish air routes
VIRGIN Atlantic said today it will seek to grab nearly 40 per cent of passengers on Scotland’s busiest air routes if it wins the right to compete with British Airways between Edinburgh, Aberdeen and Heathrow. (Scotsman)