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Sunday, June 7th, 2015


As I See It

How Scotland’s fine cuisine is winning the Mars bar battle

Richard Lochhead

Scots pride restored in food and drink Food and drink experts have taken some time to develop a taste for Scottish food and drink and maybe that should not come as a surprise. Regular jokes about fatty and sugary diets, often self-inflicted, have hardly helped. Nor has the data that confirms some of these jokes to contain elements of truth. Obesity and poor health are a direct result of poor diet and remain big issues. Add these uncomfortable truths to the portrayal of Scots as heavy drinkers and consumers of deep-fried MarsRead More

Employers hit by European court ruling

Firms facing big bills under new holiday pay rules

Businesses are facing big holiday pay-outs for employees who work shifts, receive allowances or earn commission. A European court ruling gives added rights to employees who were previously only entitled to their basic salary when taking their annual leave. The court found that this was unlawful as it discouraged those who earned the majority of their income from overtime, allowances and commission, to take time off. Employers must now pay the equivalent to what an employee would normally earn, should they have been at work during that holiday period – or face theRead More

One of largest deals of the year

Big industrial let to Yodel in Livingston

In one of the biggest industrial deals in Scotland this year, the delivery service firm Yodel has agreed to sub-let a 96,933 sq ft unit in Livingston from the drinks logistics company Kuehne Nagel. A rent of £4 per sq ft has been agreed on a lease expiring in February 2017. Yodel has also bought the property from Edinmore Investments for an undisclosed price. The building on the Houstoun Industrial Estate features a vehicle maintenance unit and a large surfaced yard. It was purpose-built for Scottish & Newcastle as a storageRead More

City building on smart city ambitions

Glasgow tech hub wins Australian firm’s first overseas investment

Glasgow financial district

An Australian software company is investing £2.2 million opening an office in Glasgow, its first outside its home market. The development by Encompass Corporation, which provides information management technology to the insolvency and restructuring sector, will create 21 jobs in the city’s financial district. The investment is being supported by Scottish Enterprise through a regional selective assistance grant worth up to £357,000. The company says it marks the start of a planned expansion across the UK and other international markets, including the United States. In line with this, Encompass is relocatingRead More

Champion puts money into growth firms

Tennis ace Murray joins crowdfunder to back start-ups

Tennis star Andy Murray is to join the advisory board of the crowdfunding specialist Seedrs as he plots his future after the game. Murray, 28, who lost to Novak Djokovic in the semi-final of the French Open yesterday, is already an investor in Seedrs, supporting a number of start-up businesses. The Wimbledon and US Open winner will provide advice to the firm with respect to businesses working in the areas of health, sport and wearable technology. He has plans to invest more of his £30 million personal fortune in Britain’sRead More

Brewer raises £2m towards brewery target

Beer fans opt for ‘beer bucks’ in Innis & Gunn bond issue

Dougal Sharp

Craft brewer Innis & Gunn has so far raised £2 million from its bond issue, with one in 10 investors spurning the 7.25% interest rate in favour of taking their return in beer. The company is raising money through a crowdfunding exercise and it will be used to build a brewery in the Edinburgh area. The “beer bucks” option on the bond pays the equivalent of a 9% return on a minimum £500 investment and is redeemable online at the Innis & Gunn shop. Innis & Gunn is now well on itsRead More