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Chemical plant could close in five years, according to owner

Category: Scotland Business News — Paul Morgan on September 30, 2013

The owner of a Scottish petrochemical facility has warned that the plant could be closed by 2017, it the present decline continues.

Currently, the Ineos plant at Grangemouth is losing more than £100 million annually, leaving the firm’s chairman to say that (more…)

Scottish hotel development receives boost ahead of sporting year

Category: Scottish Economy — Gary Cain on September 28, 2013

A global property company is reporting that the landscape for new hotel developments in Scotland is improving, fuelled in part by the sporting events taking (more…)

Businesses call for road improvements

Category: Scotland Business News — Mark on September 26, 2013

Recent research has highlighted the need for two key roads in Scotland to be upgraded, as business owners say they are detrimentally affecting their operations.

The survey, conducted by the Scottish Council for Development and Industry (SCDI) and Transport for Scotland, polled (more…)

Bus manufacturing workers strike over pay

Category: Scotland Business News — Paul Morgan on September 24, 2013

Workers at a bus building factory in Scotland taken strike action in a dispute over pay, after discussions with Acas broke down.

The industrial action was taken on September 19, with another walk-out planned.

Around 600 workers have stopped working at the Alexander Dennis (more…)

Independence referendum has no impact on UK businesses

Category: Scotland Business News — Paul Morgan on September 22, 2013

A recent poll has suggested that businesses are not worried by the independence referendum for Scotland in 2014.

According to the results of the survey by the British Chambers of Commerce (BCC), 90 per cent of all companies across the UK were not concerned (more…)

Scottish shops suffer decline in business

Category: Scottish Economy — Gary Cain on September 20, 2013

New official figures have shown that Scotland’s shops saw a fall in the number of visitors in the last month, but suffered less than most when compared to the UK as a whole.

According to data released by the Scottish Retail Consortium and Springboard, August’s footfall was down by 0.3 percent. Nationally, (more…)

Confidence increasing among Scottish SMEs

Category: Scotland Business News — Paul Morgan on September 18, 2013

A new report has suggested that small Scottish firms are becoming increasingly optimistic about the future, with many planning to invest and expand.

In figures that will be welcomed by the business world, a survey by the Federation of Small Businesses (FSB) has reported confidence (more…)

Scotland sees best retail performance in four years

Category: Scottish Economy — Gary Cain on September 16, 2013

Official figures recently released have suggested that the country’s retail sales have hit their highest point in (more…)

Scottish economic recovery is speeding up, according to banking chief

Category: Scottish Economy — Mark on September 14, 2013

Scotland’s recovery is gathering pace it has been claimed, with the latest Bank of Scotland survey showing record increases in business activity and work levels.

According to Donald MacRae, the chief economist for the national bank, the recovery rate is “clearly quickening”.

He made the claims after the bank’s latest (more…)

Scottish councils to be given new business rate powers

Category: Scottish Economy — Gary Cain on September 12, 2013

New plans announced by Holyrood will see councils in Scotland given the power to set their own business rate relief packages.

The proposal, aimed at giving councils the control over responding to local needs, is one of a number of new measures being suggested.

Following a review being (more…)

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