Bussiness
Profits rise in store for Scotmid
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. Scotmid has reported a near 40 per cent increase in its trading profit in spite of rising wage costs and weak consumer sentiment.
The damp summer weather did not help sales in the core convenience store business or the Semichem chain in the six months to the end of July.
The property arm performed strongly, with higher rental income across commercial and residential operations.
There’s optimism for the Christmas period for Scotmid despite trading conditions remaining difficult
Group turnover edged up 1 per cent to £214 million while profit was at £2.1 million, compared with £1.5 million.
Karen Scott, who took over as chief executive from the long-serving John Brodie in August, said trading conditions remained difficult but she was hopeful
Scotland 0-0 Finland: Sophie Howard confident Scots can ‘raise bar’ in second leg
Scotland 0-0 Finland: Have your say
Scottish businesses ‘at breaking point’ Swinney told ahead of budget
Scottish Government tax policy hurting business warns star of BBC’s The Apprentice
Dundonald Links named Scotland’s Best Golf Hotel for second year in a row
What does business want for Christmas in next week’s Scottish budget?
Optimism in Scottish manufacturing drops as trading deteriorates
Renault Scenic E-Tech Wins Scottish Car Of The Year
Broadcasters urged to bring more productions to Scotland
