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Business IN BRIEF.

A CONFERENCE on how Edinburgh can stay strong in the face of the current economic crisis is being held next month.

The event, Flying High: What It Means To Be World Class, has been organised by Edinburgh City Council and is expected to look at the impact of the RBS and HBOS bank crises on the city.

There will be a range of top speakers and delegates will explore how nine councils in the region can collaborate to compete internationally.

Edinburgh City Council leader Jenny Dawe said it was "vital to look to the future".

MANY first-time buyers are now looking to get on the housing ladder by buying a property overseas, a Scots entrepreneur claimed yesterday.

Barrhead Travel founder Bill Munro, who also heads their overseas property sales division and is launching website www.investmenthomesabroad.co.uk, said such properties were not only for the rich and famous.

Cyprus, Dubai, Turkey, Spain, the Balearics, Bulgaria, Italy and Portugal all feature.

He said: "Some of our emerging markets provide investment opportunities from 30,000 euros."

NEW companies in Scotland are facing an uphill struggle for investment as a result of changes in the risk capital market, says a report.

It claims unless the structure is addressed, the separation of the angel and venture capital markets could limit the opportunities for growth of Scottish start-ups.

The report, commissioned by Scottish Enterprise, looked at trends in the risk capital investment market.

It found that overall levels increased from pounds 85million to pounds 114million in 2006 and 2007, but investment in new firms fell from pounds 15million in 2005 to pounds 2million in 2007.

TEMPORARY power suppliers Aggreko yesterday predicted a 50 per cent growth in pre-tax profits for the year.

That would put the Glasgow company on course to deliver more than pounds 180million - well ahead of expectations.

Royal Bank of Scotland analysts immediately upgraded predictions for the full year to pounds 188million.

Aggreko said revenues in the Middle East, Asia and South America increased by 59 per cent, helped by a EUR22million boost from a Beijing Olympics contract.
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Geographic Code:4EUUK
Date:Oct 17, 2008
Words:347
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