Scottish Business Briefing - Tuesday 3 April, 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.

INSURANCE

Standard Life’s top two directors break £2m salary barrier

Sign up to our daily newsletter

TWO of Standard Life’s top directors burst through the £2 million pay barrier last year, the Edinburgh-based life assurer’s annual report revealed on Monday (Scotsman).

FOOD, DRINK & AGRICULTURE

Cocoa Mountain’s growth target yet to reach its peak

A Sutherland-based luxury chocolate manufacturer has its eye on more international expansion, with a particular focus on the Far East, Middle East, Europe and America (http://www.pressandjournal.co.uk/Article.aspx/2709545|P&J|P&J})

.

Pret a Manger sandwich chain to create 550 jobs in UK

The Pret a Manger sandwich chain is creating 550 jobs in the UK this year as the company continues a rapid expansion (BBC).

MEDIA & LEISURE

Five-a-side firm Goals draws bid interest

A TAKEOVER bid for Goals Soccer Centres from Canada’s largest pension fund could spark rival offers for the East Kilbride-based five-a-side football pitch operator from private equity groups, according to analysts.

RETAIL

White knight Ellie Louise follows Happit into administration

ELLIE Louise, the women’s fashion chain that bought collapsed Dunfermline-based retailer Happit, has itself fallen into administration after a series of takeovers “detrimentally” affected its cash flow and profit margins (Scotsman)

TRANSPORT

Journey’s end for travellers as First Group axes bus services and cuts 200 jobs

MANY rural communities could be left without a bus service after transport giant First Group announced plans to axe a major depot and hundreds of staff (Scotsman).