Business round-up

BUSINESS ROUND-UP – IN THE SCOTTISH PRESS TODAY

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Monday 15th November, 2010

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Thursday 11th November, 2010

 

 

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Islay distillery becomes self-sufficient by generating electricity from waste

A SCOTTISH distillery will shortly become the first in the world to go completely green by creating its own electricity from the whisky-making process.

The plan to create volts from malts involves using waste products from distillation to generate power.

Bruichladdich distillery on Islay says the £300,000 project will create enough electricity to export to local homes, cut the cost of transporting waste, and benefit the environment.

The firm has teamed up with a company called BioWayste to turn the waste, called pot ale, into useful power.

The pot ale, rich in protein and carbohydrates, has previously been dumped into the sea.

Although the dumping is not in itself harmful, turning the pot ale into electricity to drive the distillery means less power has to be taken from the grid.

Mark Reynier, managing director of Bruichladdich distillery, said: “We are doing it for a practical and sensible reason and because it’s common sense.

Chandelier made of 600 glasses to be unveiled at Edinburgh bar opening

A WORLD-famous chandelier designer will tomorrow night (Thu) unveil his most ambitious creation to date at the Capital’s newest bar.

Hyde Out, in Edinburgh’s Quay area, officially opens with an invite-only launch and some of the glitter will be provided by a magnificent chandelier made up of 600 unique crystal glasses.

Creator John Harrington has previously created chandeliers for clients such as the Ritz in Miami. His design for Hyde Out is the first of its kind in Scotland.

Mr Harrington said: “This is the biggest chandelier I have built so far, making it a first both in size and location.

Completion of new Diageo plant left hanging in the balance

DRINKS giant Diageo has been forced to suspend work on two multi-million pound plant in Fife on Monday after the main contractors went into administration.

The future of the £86 million project in Leven and a £65 million bio-energy plant at the Cameronbridge Distillery has been left hanging in the balance along with many others across the UK after it emerged that the building services firm Rok was in financial difficulty.

Should the administrators, Price Waterhouse Cooper (PwC) fail to find a buyer, 3800 jobs will be at risk nationwide, though it is unknown how many in Fife are in danger.

It is understood that up to 150 tradesmen are involved with the work on the new bottling plant and are all waiting to hear any developments concerning their future employment after Monday’s announcement.

On completion, the plant at Banbeath is set to create 400 new jobs in Fife and is part of greater plans to close the Jonnie Walker plant in Kilmarnock.

Podcast: Deadline Business Page Round-Up

Friday 5th November

Here are some of the main business stories hitting the headlines today:

Podcast: Deadline Business Page Round-up

Thursday 4th November

Here are some of the main business stories hitting the headlines today:

Scottish culture changed by mortgages say property experts

STRICT mortgage restrictions are causing a major cultural change in Scotland, property experts claimed today (wed).

New figures show that between July and September of this year there was unprecedented demand for private rented accommodation.

That is because first time buyers are being forced to look for average deposits of £21,500 in some cases to get a foot on the property ladder.

But it has seen a boon in the number of people taking out long term rentals instead.

Airdrie bank bucks the economic trend

By Clare Carswell

SCOTLAND’S last surviving independent bank is launching a customer recruitment drive in the back yard of its big name rivals as the firm looks to bucks the economic trend with plans to expand its business operations.

Airdrie Savings Bank is 175 years old, has seven branches in Lanarkshire and is on course to grow further, with plans to open a new branch in 2011.

The bank will run the first in a series of Scottish recruitment roadshows in Edinburgh – home to RBS – in a bid to attract a significant number of new business and personal customers.

The first event will be hosted in conjunction with Edinburgh Chamber of Commerce and is to take place on November 17 and 18 in the chamber’s Festival Square Hub.

Hearts fans have mixed feelings about merging stadiums with Edinburgh Rugby

By Christine Lavelle

HEARTS fans have given mixed reviews to the possibility of their club moving to a new 25,000-seat stadium which would be shared with Edinburgh Rugby.

The proposal has been made by former Rangers tycoon Sir David Murray’s property company Murray Estates, which is proposing to build a multi-use sports stadium on a 600-acre green-belt piece of land near Edinburgh Park.

The company is discussing the plan with both Heart of Midlothian Football Club and Edinburgh Rugby.

Jestyn Davies, managing director of Murray Estates, said the model would be comparable to Liberty Stadium in Wales – where football team Swansea City shares the ground with Magners League rugby side the Ospreys.

But Thomas Harris, secretary of the Bonnyrigg Hearts Supporters Club, said the move could impact on local businesses in the Gorgie area.