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Friday, December 19th, 2014


New launches prove popular

Asda says shoppers want Scottish produce

Asda says that demand for Scottish produce is expected to rocket by 35% this Christmas as shoppers become more choosy about the source of food. There has been a notable rise is in sales of products such as Scottish smoked salmon and cheese.  Among the firms selling new products to the supermarket chain are Deans of Huntly, Borders Biscuits and Mrs Tillys, whose managing director is Elisabeth Paterson (pictured). Asda says there is a demand for traditional products such as shortbread – up 65% and fudge (tablet) by 24%. The groupRead More

Alastair Cook dropped as captain of England’s one-day cricket team ahead of next year’s World Cup

Daily Business Crackers and Clangers 2014 (see full list in Chatterbox)

Daily Business: Crackers and Clangers 2014

It has been an interesting year for a number of reasons, many of them unexpected. And, of course, there were winners and losers. Here, in the spirit of Christmas, is a selection box of Crackers and Clangers (with tongue firmly in cheek). Most over-ambitious event: Close contest between the Bannockburn celebration and the Scottish Business Awards. Bannockburn left almost as many casualties as the original battle with disgruntled visitors complaining about queues. The organisers of the Scottish Business Awards seemed to be attempting to squeeze the whole population of EdinburghRead More

Tycoon's ally appointed CEO

Llambias role at Ibrox tightens Ashley’s control


Rangers today appointed Derek Llambias as chief executive with immediate effect in what looks like a message to the Scottish Football Association from key shareholder Mike Ashley. Llambias, who already sits on the board as a non-executive director, is a close colleague of retail tycoon and Newcastle United owner Ashley who parachuted him into the director’s box after making two loans to the Ibrox club. Llambias was managing director of Newcastle United and joined the Rangers board on 2 November. Ashley is currently subject to an SFA inquiry with regardRead More

Promotions at 75% of stores

More shops launch sales ahead of Xmas

Three in every four retailers have a sale or promotion under way to attract shoppers looking for Christmas bargains. The number is slightly up on last year – 75% against 72% – and shows that the pre-Christmas sale is now a fixture in the retail calendar. PwC found that compared to this time last week, advertised promotions are up 9% and average price discounts are up 6%. Martin Cowie, private business leader, PwC in Scotland, believes that some high street retailers are still holding their nerve and will be lookingRead More

Space for 1,000 jobs in St Andrew Square

Standard Life expands into £75 million office development

SLI offices

Standard Life is expanding its operations into a £75 million development at the corner of St Andrew Square in Edinburgh. Its fund management arm is taking most of the office space in the building where it will move more than 1,000 staff from 2017. It will be an overspill from its existing headquarters in nearby George Street. Talks were under way  to expand into the building at the same time as the company was making threats to leave Scotland if there had been a Yes vote for independence. There has been speculationRead More

Nick fires himself from The Apprentice

Nick Hewer, Lord Sugar’s adviser on The Apprentice, has fired himself after ten years on the BBC Show. Seventy-year-old Hewer, a public relations consultant, has shared grilling and observing tasks on the hit series since it began in 2005 and said he leaves with “relief tinged with regret”. Lord Sugar said in a tweet: “It’s with a heavy heart I have to say farewell to my good friend Nick Hewer from the apprentice. I thank him sincerely for the past 10 years.” Hewer and Sugar’s working relationship began in 1983 whenRead More

Nick Hewer, Lord Sugar’s sidekick on The Apprentice, fires himself after 10 years on BBC show (See Chatterbox)

Is the oil industry really close to collapse?

Aberdeen on red alert as black gold fades to grey

Fri 19 Dec: The fall in the oil price is in danger of spreading panic down Union Street. Aberdeen, home to the highest concentration of millionaires in Britain, is fearful that the industry which keeps it functioning is about to slam on the brakes. It is not just the luxury car showrooms and swanky restaurants that expect to see a decline in business. The knock effect could be widespread. Already hotels are suffering from cancelled events and Christmas is suddenly looking not so jolly. But is talk of a collapseRead More