Scottish Business Briefing - Thursday 03 May, 2012
TECHNOLOGY
Wolfson in sound health as it forecasts fast return to profitability
WOLFSON Microelectronics said yesterday that it was confident of returning to profitability this year as consumers demand better sound quality from their smartphones and other portable devices (Scotsman).
TRANSPORT
Scottish high street remains fragile despite retail bounce
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Hide AdBUSINESS leaders yesterday warned that conditions on Scotland’s high streets remained “fragile” as official figures suggested the nation’s tills were ringing more loudly than those south of the Border (Scotsman).
FOOD, DRINK & AGRICULTURE
Tax takes all Wetherspoon extras
PUB chain JD Wetherspoon said it would slow its rate of expansion after the profits from its latest tranche of outlet openings were all swallowed up by tax rises (Scotsman).
INDUSTRY
Jobs fear at Clyde Union Pumps
THE American corporation that bought Clyde Union Pumps for £750 million has signalled the possibility of job cuts by admitting it is looking at “potential restructuring actions” (Herald).
Business set to hot up at refrigeration container company
A north-east refrigeration container service firm is poised for a substantial investment in its business after a change of ownership. Westhill-based Abcool became Reftrade UK recently after Dutch group Reftrade took on half of the company (P&J).
RETAIL
Morrisons reports falling sales
Supermarket chain Morrisons has reported a fall in underlying sales for the three months to the end of April (BBC).