Scottish Business Briefing - Wednesday 25 April, 2012
RETAIL
Scotmid profits fall as margins come under pressure
SCOTMID chief executive John Brodie said on Tuesday that the convenience store chain continued to look for growth opportunities as it reported a 13 per cent rise in full-year sales, boosted by the acquisition of Botterills in 2010 (http://www.scotsman.com/business/scotmid-profits-fall-as-margins-come-under-pressure-1-2251994|Scotsman|Scotsman}).
Farmfoods sales top £600m as frozen-food market hots up
FROZEN foods retailer Farmfoods has seen sales push through the £600 million mark and pre-tax profits rise by 44 per cent to £24.5m as it shook off the economic woes affecting other food retailers (Scotsman).
BANKING & FINANCE
Scottish Friendly toasts successful anniversary
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Hide AdScottish Friendly is marking its 150th anniversary in Glasgow today with a new ‘dynamic’ logo and a promise to continue the innovation that has driven its growth in the past six years (Herald).
ENERGY & UTILITIES
Bowleven hails gas agreement with Ferrostaal
SHARES in Bowleven surged 9% after the company announced it had reached a keenly-awaited agreement to supply some of the gas it hopes to produce off Cameroon to a fertiliser maker (Herald).
INDUSTRY
Superglass calls for clarity on UK Green Deal
LOFT insulation maker Superglass yesterday warned that the UK government needs to outline details of its “Green Deal” plan to boost energy efficiency “as soon as possible” to bring stability to the housing supplies sector (Scotsman).
TRANSPORT
BA floors rival as new Aberdeen-London City route announced
BRITISH Airways has trounced rival CityJet by announcing the launch of an Aberdeen-London City Airport route, which experts believe will also stymie any new competition between the Granite City and Heathrow (Scotsman).