Scottish Business Briefing - Wednesday 9 October
FINANCE
Co-op Bank unveils boardroom shake-up
Co-operative Bank is overhauling its board today in a bid to increase the mutual lender’s independence from its parent company. (Scotsman)
MANAGEMENT
Orion Group’s profits lifted by overseas sales
PRE-tax profits at Orion Group, the Inverness-based global recruitment specialist, have increased by just under 50% as the company supplied staff for major energy projects in Asia-Pacific and the North Sea. (Herald)
ENERGY
Wood forms turbine joint venture with Siemens
Advertisement
Hide AdAdvertisement
Hide AdEnergy services giant Wood Group is to spin off part of its GTS subsidiary into a new joint venture being created with German engineer Siemens. (Scotsman)
FOOD, DRINK & AGRICULTURE
Greggs reveals improved sales performance
Bakery chain Greggs today said its sales performance is recovering, although it sounded a note of caution over the continued squeeze on consumers’ spending power. (Scotsman)
(http://www.scotsman.com/business/food-drink-agriculture|Read all today’s food, drink and agriculture news from scotsman.com|Click here}
RETAIL
Warm winter hits cashmere firm Johnstons
Cashmere company Johnstons of Elgin moved into loss last year following a warm winter and “sluggishness” in key markets. (BBC)
TRANSPORT & INDUSTRY
Gatwick boss plea for Scots to back extra runway
Gatwick airport boss Stewart Wingate yesterday told Scottish business leaders that building a second runway at the Sussex site would be a better solution than a third airstrip at Heathrow. (Scotsman)
MEDIA, TECH & LEISURE
Aridhia expands after venture capital boost
VENTURE capital groups Albion Ventures and Scottish Equity Partners (SEP) have injected a “sizeable seven-figure sum” into fast-growing life sciences outfit Aridhia Informatics to fuel its expansion plans. (Scotsman)
The Fracking Question - 11th December - Edinburgh
Advertisement
Hide AdAdvertisement
Hide AdJoin us as we hear how fracking challenges the basic premise of the UK energy story – resources are declining and prices are rising. The conference will look at the current and potential impacts of fracking on a local and global scale.
Early bird discount ends Friday 11th of October. Visit the (the Scotsman Conferences) website for more details.