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   Web Issue 3186 July 6 2008   
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Diageo on track to meet profit forecasts
Johnnie Walker whisky producer Diageo announced it was on track to meet profit forecasts after reporting sales growth of 7% over the nine months to the end of March.
By TIM SHARP

Next shares rise as investors look past grim first-quarter performance
Next, the high street fashion retailer, yesterday reported a grim first-quarter performance but saw its share price rise sharply after saying warmer weather led a recovery in sales this month.
By DOUGLAS HAMILTON

Virgin Media reduces losses
Virgin Media said yesterday it has cut its losses, added more customers and is on track for revenue growth after last year's bitter dispute with rival BSkyB.
By DOUGLAS HAMILTON

ProStrakan closer to launch of male menopausal cure after trial success
ProStrakan, the Borders-based specialist drugs firm, yesterday said it had successfully completed a clinical trial for Fortigel as part of the push to launch its cure-all for male menopause in the US.
By MARK SMITH, Deputy Business Editor

Drinks firm keeps it in the family
A fifth-generation member of the Grant Gordon distilling dynasty has been appointed to be the new chairman of William Grant & Sons.
1 comment
By MARK WILLIAMSON

Next shares rise after upbeat forecast
Fashion chain Next today said the warmer weather had boosted trading as it looks to recover from a difficult start to the year.

Carphone Warehouse in £1.1bn deal with Best Buy
Carphone Warehouse today announced plans to create a European consumer electronics empire after striking a £1.1 billion deal with US group Best Buy.

Rebellion over £3.5m for ‘inspirational’ Weir chiefRebellion over £3.5m for ‘inspirational’ Weir chief
Almost 15% of shareholders in Weir, Scotland's largest engineering group, yesterday expressed their displeasure at a plan to pay the company's chief executive Mark Selway an extra £3.5m to stay.
2 comments
By MARK SMITH, Deputy Business Editor

Manufacturing drop puts new pressure on interest rates
Bank of England rate-setters came under more pressure to cut borrowing costs today after a surprise fall in manufacturing output in March.

Thoresen focuses on Aegon despite Standard Life link
Aegon UK, the Edinburgh-based insurer, has posted a flat performance in new life and pensions business for the first quarter, but says its better product mix has helped shield it from stock market volatility.
1 comment
By SIMON BAIN

Spending data could measure Scots GDP
The Scottish Government could improve the reliability of official estimates of economic growth by using measures based on the expenditure of key groups including consumers and business, a study says.
By MARK WILLIAMSON

Manufacturing output data adds to MPC rates dilemma
UK manufacturing output tumbled unexpectedly and at its fastest pace for six months in March, according to official figures which yesterday added to the headache faced by the Bank of England's Monetary Policy Committee as it deliberated over interest rates.
By IAN McCONNELL, Business Editor

Ethics tops the agenda at BAE annual meeting
Ethics is a difficult subject for any arms company to discuss, but controversial UK defence manufacturer BAE Systems yesterday made it the central subject of its annual meeting.
By TIM SHARP

Co-operatives put forward as key drivers of economy
Boosting the role of co-operative businesses in the economy could help Scotland compete with her fast-growing rivals, John Swinney said yesterday.
By SIMON BAIN

Rok tackles £3m revamp of historic Raasay House
Inverness builder Rok has been awarded a contract by Highlands and Islands Enterprise (HIE) for a £3m refurbishment of historic Raasay House where diarist James Boswell and essayist Samuel Johnson stayed during their celebrated "Tour of the Hebrides" in 1773.
By DAVID ROSS, Highland Correspondent

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