Terry Murden

Scotland

Editor at Daily Business

Journalist at Freelance

Media communications, news and commercial photography, freelance copywriting

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Articles

Belmar Engineering collapses with 48 job losses – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Aberdeen firm Belmar Engineering has gone into liquidation with the immediate loss of all 48 employees. Staff were informed of the situation at a meeting yesterday and 80 creditors, believed to be owed millions, were informed of the situation. Pressures of increased international competition, losses in recent years and falling orders are cited as reasons for the closure.
Barratt Redrow 'well-placed' despite dip in orders – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Outlook encouraging Barratt Redrow said forward sales at the end of March were 10.1% lower at 10,245 homes though it still expects to deliver between 16,800 and 17,200 homes, including around 600 JV home completions, in the full year. In a trading update for the 13-week period from 30 December 2024 to 30 March 2025, David Thomas, chief executive, said the company was “well-placed to deliver housing volumes in line with our full year guidance”.
Travellers warned of strike action over Easter break – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Travellers heading to Europe over the next fortnight are being urged to check their flight itineraries and stay alert to potential delays, as several countries prepare for air traffic control (ATC) strikes that could disrupt travel plans across the continent. The French rail union Sud Rail has also filed strike notices for multiple dates between April 17 and June 2, which will involve train controllers working for SNCF, the French national rail company.
Interest rate cut remains likely as inflation falls – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Fuel price factor Inflation slowed to 2.6% in the year to March, a bigger fall than expectations, and the second month in a row that the rate of price growth has eased. Falling fuel prices were behind the fall from February’s 2.8% rate. However, analysts expect inflation to rise to around 3% over the coming months, and peak at around 3.7% in the autumn as increases in household and business bills are factored into the figures.
Musk lists US Consulate in Edinburgh for closure – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Capital blow The United States consulate in Edinburgh is expected to become a victim of Elon Musk’s spending cuts. Leaked documents list it among 17 consulates, mainly in Europe, that are scheduled to close. It would mean the end of an American presence in the Scottish capital since 1798.
SOSE helping to 'galvanise' south of Scotland – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Scotland’s rookie enterprise agency has proved its value by generating investment and jobs and helping to give a voice to local communities, according to those who helped it through its early years. An estimated 10,000 jobs have been created and safeguarded by South of Scotland Enterprise since it went live in April 2020, just after the pandemic struck. The agency was established by the Scottish Government in recognition of the unique circumstances of the region.
Herd returns to Muir Homes as managing director – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Housebuilding Robert Herd, a former site manager at Muir Homes, has returned to the family-owned Scottish housebuilder as managing director. Mr Herd rose through the ranks to become construction manager before briefly stepping away. Now, he returns to lead the company at a time of significant growth and investment.
Cleartech makes first acquisition outside Scotland – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

ECB deal Cleartech Group, the Blantyre-based water treatment firm, has acquired ECB (Water Solutions), its first swoop on a business outside Scotland. ECB is a provider of legionella control services to industrial and commercial outlets in the Greater Manchester and Lancashire regions. Cleartech said the deal significantly strengthens its geographical reach and complements its existing services in England.
Saba in deal with European Smaller Companies Trust – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Tender offer Saba Capital Management, the New York hedge fund pursuing the UK’s investment trusts, is acquiring a significant stake in the European Smaller Companies Trust. It follows constructive negotiations with the board and the trust will conduct a tender offer for up to 42.5% of the ordinary shares in issue. This provides shareholders who wish to exit their investment in ESCT an opportunity to do so.
Wage growth remains high as economy holds up – Daily Business

1 week ago | dailybusinessgroup.co.uk | Terry Murden

Wage growth remained stubbornly high in the three months to February, according to official data, driven partly by public sector pay deals. Annual growth in average weekly earnings excluding bonuses hit 5.9%, the Office for National Statistics (ONS) said. Average earnings, including bonuses, was unchanged on the previous three months at 5.6%, also matching market expectations.