Scottish Business Briefing - Tuesday 24 May, 2011

WELCOME to's Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


Energy saving proves a winner for Mitie

Outsourcing firm Mitie posted double digit growth in both revenues and profits yesterday as demand for its energy-saving consultancy boomed in the face of rising prices (Scotsman)

NGenTec recruits 'world expert' Benatmane for top post

A WIND power technology company spun out of Edinburgh University has assembled a three-strong executive team as it embarks on a commercial roll-out. NGenTec, which is developing a novel generator for use in large wind turbines, said it had appointed a "world expert in the field" as its chief executive (Scotsman).

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Irn-Bru maker toasts 6.3% rise in revenue

AG Barr , the Scottish soft drinks group, said its sales for the period from January 30 to the middle of May still pack a lot of fizz despite higher costs for raw materials, bleak economic conditions and increased levels of competition from rival drinks makers (Herald).

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Health and safety rules 'a burden for businesses'

THE British Chambers of Commerce (BCC) today called on the coalition government to take action to deal with the burden of health and safety legislation it claims is stifling business growth (Scotsman).

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Festivals drum up 261m for Scots economy

Edinburgh's festivals are worth 261 million to the Scottish economy, creating thousands of jobs and generating spending of more than 40m on accommodation alone, according to a new report (Scotsman).

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Marks & Spencer profits up 12.9% after 'good' year

Marks & Spencer says it has defied the retail gloom to deliver a 12.9% jump in annual pre-tax profits to 714.3m. The profits came on revenues up 4.2% to 9.2bn, with M&S improving margins in the key clothing and food divisions (BBC).

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