The number of customers in Scottish stores plummeted compared to the rest of the UK according to a new report that warns of “troubled times” ahead for Scotland.
The Scottish Retail Consortium (SRC) has reported an 8.5 per cent drop in footfall in the three months to January 2012, which included the peak Christmas period, compared with the same three months to January 2011.
Industry confidence in the embattled construction sector took a further hit today as a major survey of employers flagged low expectations for jobs and profits. Two out of three Scottish building firms predicted publicly-funded construction activity will drop in 2012, and a third expect construction employment to fall. Most anticipate another difficult year for housebuilding within the private sector, with nine out of ten companies warning that the area would be stagnant or in decline in the next 12 months.
Heineken have dented hopes of better conditions for Scottish & Newcastle (S&N) pensioners after a three-year battle. Heineken, makers of Deuchars IPA, Newcastle Brown Ale and John Smiths have a refused to peg annual pension increases to inflation. A commitment to the Scottish brewer’s tradition of paying inflation-linked annual rises was made in March 2008, before the joint takeover by Heineken and Carlsberg.