VisitScotland’s Friendly Faces of Scotland campaign launches

VisitScotland’s latest campaign – this time a £1.25 million job Continue reading

Not a mention of Diageo in Sunday Herald focus on Scotch, vodka and growth

The Business section in today’s Sunday Herald has majored Continue reading

Get the Argyll voting fingers out for Easdale Island

Easdale Island from Luing Photo Norman Bissell

Bovril is running a Great Outdoors Revival competition open to nominations and voting on community projects. Continue reading

McGrigor gathers evidence and supports Argyll businesses in road sign threat

North Argyll businesses facing the removal of their road signs, following a rush of blood Continue reading

The Buteman’s owners, Johnston Press, to announce massive write downs

The Johnston Press, owners of The Scotsman and The Buteman among other titles, wrote off £109 million in its 2008 first half results.

In its 2008 second half results, to be revealed this week, it is expected to announce write downs of hundreds of millions.

Its advertising revenues, down by 30% in the last quarter of 2008 and by 40% in the first two months of 2009, are expected to be be down by 20% overall. Turnover is likely to be down by 12% to around £535 million and pre-tax profit down by over 30% to £93 million.

The company is thought to have a debt burden of around £450 million.

900 jobs have been shed to date and, with new CEO John Fry engaging in a deep cost cutting exercise to pull the situation back, more job losses now look inevitable.