Scottish Business Briefing - Thursday 2 June, 2011

RETAIL

'Mr Jenners' to build new shopping centre for Edinburgh

THE former boss of Edinburgh's famous Jenners department store has unveiled plans for a 10 million retail and tourism "village" on the outskirts of the capital (Scotsman)

Asos sales boosted by international growth

Asos has reported a sharp rise in full-year revenue as sales at the online fashion retailer's international business continue to grow rapidly. Revenue for the year to the end of March was up by 52% to 339.7m, with international sales rising by 142% (BBC).

Read all today's retail news from scotsman.com

ENERGY & UTILITIES

Turriff owner plans to double Scots work

UTILITIES contractor May Gurney yesterday unveiled plans to double turnover at its Scottish business to 80 million over the next five years as the Norwich-based company unveiled record full-year revenue and profits (Scotsman).

Read all today's energy and utilities news from scotsman.com

PERSONAL FINANCE

Edinburgh wins race to be State Street's European hub

STATE Street, the US asset servicing firm, is developing a European "centre of excellence" at its Edinburgh base in a move that will add another 90 jobs to its 750-strong Scottish workforce (Scotsman).

Read all today's personal finance news from scotsman.com

TECHNOLOGY

Calvatec eyes rapid growth after takeover by US giant

Scottish electronics firm Calvatec will be looking to accelerate its expansion after being bought by a Silicon Valley Fortune 1000 company (Scotsman).

Iomart's cloud has a 'gold lining' as profits surge 600%

WEB-hosting outfit Iomart yesterday unveiled a 600 per cent surge in profits as demand continues to rise for the Glasgow-based company's "cloud computing" services (Scotsman).

Read all today's technology news from scotsman.com