Business Digest
Business Digest November 2013 Arts & Business Scotland 11 Abercromby Place Edinburgh EH3 6LB 0131 556 3353 www.aandbscotland.org.uk Arts & Business Scotland is a company limited by guarantee registered in Scotland (SC406905) and a Scottish charity (SC042631).The registered office is 11 Abercromby Place, Edinburgh, EH3 6LB. Contents Business news 3 Philanthopy 11 Arts & sponsorship news 11 Arts & Business update 14 List of sponsored arts projects / events 15 2 BUSINESS NEWS Brewers, Distillers & Food/Drink Manufacturers Scotch whisky specialist Gordon & MacPhail has reported a dip in annual profits, but is continuing to enjoy strong growth in the volume of sales of its Benromach single malt. The Urquhart family owned Gordon & MacPhail business, which files its accounts as Speymalt Whisky Distributors, saw its pre-tax profits dip to £2.6 million in the year to February, from £3m in the prior 12 months. However, the latest annual profit, revealed in figures published today, was comfortably ahead of the £2.36m figure for the year to February 2011. (Herald 26/11/2013) Soft drinks group Britvic today reported an 18.4 per cent rise in annual profits, helped by this summer’s heatwave. The maker of Fruit Shoot and Tango drinks, which pulled out of a planned merger with rival AG Barr earlier this year, posted an underlying pre-tax profit of £137.9 million for the year to 29 September, on revenues 4.4 per cent higher at £1.3 billion. (Scotsman 26/11/2013) Arran Brewery managing director Gerald Michaluk will today formally launch his plans to raise up to £4 million through crowdfunding to upgrade his current site and open two further breweries on the mainland.
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