Scottish Business Briefing - Tuesday 27 March, 2012
ECONOMICS
Scotland lags UK as growth is ‘negligible’
Scotland has yet to pick up the pace of economic recovery, with the latest report on the private sector showing “negligible” growth in recent months (Scotsman)
ENERGY & UTILITIES
Aggreko powers to qualification for Brazil’s 2014 World Cup finals
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Hide AdAGGREKO raised its presence in the fast-growing South American market on Monday by acquiring a rival operator in a deal worth up to £161 million (Scotsman).
Scottish Coal financial results hit by winter weather
OPEN-cast miner Scottish Coal’s financial results have been hit by wet winter weather, with production and sales below target in the current financial year to end- March (Herald).
FOOD, DRINK & AGRICULTURE
Barr keen to add sparkle to fruit juice ice cream
IRN-BRU maker AG Barr yesterday unveiled plans to move into the ice cream market with its Rubicon fruit juice brand after posting a better-than-expected rise in full-year profits (Scotsman).
INDUSTRY
Springfield on target to grow turnover 25%
Moray housing firm Springfield Properties said yesterday it was on target to increase annual turnover by more than 25% despite tough conditions in the construction sector (P&J)
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RETAIL
2,100 jobs lost as administrators take over troubled Game chain
Administrators yesterday took charge at collapsed retailer Game Group, closing almost half of its UK stores with immediate effect and making 2,100 staff redundant. In Scotland, 17 stores were closed with a total of 132 employees affected (Scotsman).