News
Young\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreYoung\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreSalmon to China by rail plan moves ahead
A SCANDINAVIAN consortium is pressing ahead this week with a bold new plan to send Norwegian salmon across Russia to China by rail. The first container shipments are expected to be on their way within the next two months. The plan is going ahead despite a recent unexplained decision by Russia to send back two…
Read MoreScottish salmon exports soar by 25%
EXPORTS of Scottish farmed salmon for the first six months of this year are up 25 per cent in value on last year’s figures, to £319 million. And according to figures published today by HMRC, volume has also increased by 25 per cent, to 47,000 tonnes, compared to the same period in 2018. France was…
Read MoreRead all about it…in Fish Farmer’s August issue
THIS month, Fish Farmer features two special anniversaries – independent Scottish salmon farmer Loch Duart turns 20 in August, while Highlands haulier Ferguson Shipping & Transport is celebrating 60 years in business. We visited both companies and bring reports of their continued success as they explore new markets and develop plans to grow, alongside the…
Read MoreStar studded awards for salmon supplier
JCS Fish, the family owned Grimsby salmon and trout business, has picked up star studded praise and honours at this year’s Guild of Fine Foods Great Taste award. The company’s BigFish Traditional Oak Smoked Salmon and Traditional Oak Smoked Sea Trout were each rewarded with two stars, with BigFish Lemon & Pepper Breaded Salmon Bites…
Read MoreBBC man is named as new SSPO chair
THE former head of news and current affairs at BBC Scotland has been appointed chairman of the Scottish Salmon Producers Organisation, it was announced today. Atholl Duncan replaces Gilpin Bradley, managing director of Wester Ross Fisheries, who who took on the role on a temporary basis two years ago. Duncan – who is currently the…
Read MoreLoch Fyne sticks to Scottish only salmon
A DETERMINATION by Loch Fyne Oysters to use only quality Scottish salmon was one of the main factors which resulted in higher losses last year, the company has said in its annual report this week. But it insisted it would not change this buying policy. The other factor was labour costs, particularly during peak seasonal…
Read MoreMørenot acquires Hvalpsund Net
NORWEGIAN aquaculture supplier Mørenot has acquired the Danish net maker Hvalpsund Net, the company announced today. The move comes as Mørenot, which was itself bought by northern European investment fund FSN Capital last year, continues to expand. The acquisition of family firm Hvalpsund is the fourth time the FSN group has invested additional capital in…
Read MoreSend off for William
THE funeral service for William Dowds, who passed away on August 3, is to be held at Kirkcaldy Crematorium on Friday, August 16, at 12.45pm. William, who was 52, was Fish Farmer’s commercial manager for many years and a familiar and popular figure throughout the aquaculture industry. His legion of friends, in Scotland and beyond,…
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