Credit Cruch victims

[Xenophon]

What do you expect if you open a chain of shops selling drinks in Scotland that have got no alchoholic content?

A schoolboy error.

[expat]

Seeing both sides

PA

BP announced half-year profits of 13.44 billion US dollars (£6.75 billion)

In refining and marketing, earnings for the three months to June 30 were down to 539 million US dollars (£271m) from 2.74 billion a year earlier. It said higher energy costs continued to impact margins in the division.

[sasguru]

WHS. Best stick to the Daily Mail for the crunch stories Dim.

Torygraph

[oracleslave]

Yeah, you are right. There is no recession coming and people are not cutting back on their spending and businesses are not running out of cash and jobs will not be lost, it's all in the mind of the Daily Mail.

Carry on folks.

I'm glad we got that straight

[DimPrawn]

WHS. Best stick to the Daily Mail for the crunch stories Dim.

Yeah, you are right. There is no recession coming and people are not cutting back on their spending and businesses are not running out of cash and jobs will not be lost, it's all in the mind of the Daily Mail.

Carry on folks.

[Cliphead]

--------------------------------------------------------------------------------


What do you expect if you open a chain of shops selling drinks in Scotland that have got no alchoholic content?

We all thought that too

[Alf W]

--------------------------------------------------------------------------------

http://news.bbc.co.uk/1/hi/scotland/...st/7528927.stm

The Beanscene chain of coffee shops has gone into administration, the company has confirmed.

The firm, which has its headquarters in Glasgow, employs 142 staff in 14 shops across Scotland.

What do you expect if you open a chain of shops selling drinks in Scotland that have got no alchoholic content?

[oracleslave]

Let us know when you have some stories that are actually to do with the "credit crunch", won't you

WHS. Best stick to the Daily Mail for the crunch stories Dim.

[NickFitz]

It's hard to see that any of these are anything to do with a "credit crunch"

The first one appears to have over-invested in expansion plans - it still has a healthy turnover. Companies run into problems with over-expansion all the time. There's no mention in the story of credit problems.

The second one is due to rising fuel prices. That may possibly influence a credit crunch, but is not caused by it, at least in the present case. Anyway, they're still making a profit.

The third one sounds suspiciously like a victim of its own success, unable to cope with the number of orders it has received. Certainly, there's nothing in the story referring to credit problems.

The fourth one is moving production elsewhere to save costs. The factory that's closing isn't even due to close until late next year. They're operating at a loss, but there's no suggestion of the "credit crunch" being involved - it sounds like the usual rationalisation of production that a loss-making operation would undertake.

Let us know when you have some stories that are actually to do with the "credit crunch", won't you

[AlfredJPruffock]

Nihil Desperandum

You ought to know that not all trades are experiencing trading problems.

Whist walking in Rutherglen, a delighful hamlet in Glasgow the other day , I met a certain Femme de Joie,; whom when asked if business was good replied -

' If ah had anither pair o'legs I wid open up in Edin'bra.'

So it goes.

[DimPrawn]

http://news.bbc.co.uk/1/hi/scotland/...st/7528927.stm

The Beanscene chain of coffee shops has gone into administration, the company has confirmed.

The firm, which has its headquarters in Glasgow, employs 142 staff in 14 shops across Scotland.


http://news.bbc.co.uk/1/hi/business/7528135.stm

Ryanair has warned it could make an annual loss of up to 60 million euros (£47.4m) due to high oil prices.

http://news.bbc.co.uk/1/hi/business/7524530.stm

Wedding present firm Wrapit says it is experiencing financial difficulties and is in talks with banks and advisers.

The company said that it was not in administration and is working to find a solution. It added:"We won't know the outcome until the end of next week."


http://news.bbc.co.uk/1/hi/england/devon/7528409.stm

A factory in Devon which makes trifles and chocolate puddings has confirmed it is to close with the loss of 350 jobs.

Uniq will shut down its Riviera Desserts operation at Paignton in the autumn of 2009.

The company, which makes desserts for Marks and Spencer, said it was transferring production to Minsterley in Shropshire.

The confirmation of the closure came after a 90-day consultation process with workers and unions.

Uniq said it was closing the Paignton factory to consolidate its operations after making a pre-tax loss of £44.1m in 2007.

The company said that 50 staff would be made redundant this summer, with a further 100 leaving in the autumn.

The remaining 200 will be let go gradually next year.