Wednesday, April 22nd, 2015
Hotels shrug off price slump
Aberdeen’s hotel trade is avoiding the usual downturn caused by a slump in the oil price because the city has become less reliant on the exploration industry. The growth of other oil-related activities, including research, has reduced its dependency on drilling and this has helped fill the city’s hotel rooms. Last year the Aberdeen market accelerated past other regional UK cities in terms of total revenue per available room (TrevPAR) as hotel profits leapt 10.3% on the previous year. Corporate and conference demand accounted for almost half of visitors, which meantRead More
Edinburgh law firm Gillespie Macandrew has appointed two partners in a round of promotions that follow recent changes to the management structure. Agnes Mallon is a contentious trusts and executries specialist, while Alan White is an experienced member of the land & rural business team with particular expertise in agricultural holdings and renewable energy projects. A further eight promotions have been made across the firm. Alan Minty, housebuilder; James Mackinnon, private client; and Stephen Gamba, land & rural business, have been promoted to legal director. In the private client department Michelle McNeill has beenRead More
Former Hewlett-Packard chief executive Carly Fiorina plans to launch her Republican campaign for the White House on 4 May, say US sources
The catastrophic loss at Tesco and hawkish comments from the Bank of England combined to push stocks in London lower. The FTSE 100 finished the session down 0.49% at 7,028.24, pulling back after rising to a high of 7,092.34 early on. The index came close to its intraday high of 7,119.35 reached last week. Tesco reported the biggest loss in its history and after rising in early trade the shares fell back by 5% at the close, taking the rest of the retail sector down. Sainsbury’s and Morrisons were both nursing losses of aroundRead More
Scottish Hotel Awards
The Roxburghe Hotel & Golf Course has been named Golf Hotel of the Year. It was praised by judges in the Scottish Hotel Awards for its commitment to the game and outstanding golfing environment. It is a welcome accolade for the hotel and sporting estate, near Kelso in the Borders, after it recently suffered fire damage. The hotel, which is now home to Chez Roux restaurant, founded by legendary Chef Albert Roux, is set in 200 acres of parkland and is part of the ancestral estate of the Duke ofRead More
Price comparison site says 'cheapest deal'
Energy giant SSE, which trades as Scottish Hydro, has move into the phone and broadband market and made it available to those who do not take its electricity or gas customers. It runs off the BT Openreach network and there are special offers for new users who sign up before 16 September. The company has been offering telecoms services more than 10 years but says the broadband deal steps up its activity in the sector. According to MoneySavingExpert.com, while the broadband is free for two years, the line rental comes with either a 12-month orRead More
Launch of programme for start-ups
Scottish start-up motivator Jim Duffy will be the first guest on a new television show presented by entrepreneur and author, Lyndon Wood. Fortune Hunter, based around Mr Wood’s best-selling book, Diary of a Fortune Hunter, goes on air next Tuesday on Sky and Free Sat. The programme is based around his own experiences and each episode will feature high-profile guests with top industry insight, including the chief executive of Entrepreneurial spark, Jim Duffy, and, Gordon Merrylees, head of entrepreneurship for RBS & NatWest. Mr Wood said: “The book and show are based onRead More
Swinney says 'encouraging signs'
Sales of Scottish products overseas fell in the final quarter of last year, according to the latest data. Manufacturing Exports fell by 0.8% in real terms, although the volume grew by 1% over the year. Deputy First Minister John Swinney said: “Whilst the manufacturing statistics indicated a slight drop in the volume of exports towards the end of 2014 the report also shows encouraging signs of improvement in areas like textiles. “Recent labour market data has shown that employment in Scotland continued to increase as the start of the year, whilstRead More
Corporate insolvencies fall
Scottish business failures have fallen sharply in the first part of the year, indicating an improvement in the corporate climate. Figures for the first three months show 21% fewer insolvencies compared to the corresponding period last year. Failures are also down 10% drop on the last three months of 2014. Administrations, which typically affect larger organisations, saw an incremental rise of 5% (19 to 20) compared to the same period in 2014 but remain far below the average number of businesses going under during the height of the recession. A quarter on quarterRead More