Scottish Business Briefing - Tuesday 15 October
FINANCE
Lloyds bank chief joins Help to Buy sceptics
The chief executive of taxpayer-backed Lloyds bank has warned that the Help to Buy scheme risks creating a house price bubble unless planning laws are relaxed to pave the way for more housebuilding. (Scotsman)
MANAGEMENT
AstraZeneca to buy cancer drug firm for $440m
AstraZeneca, the UK’s second-largest drug maker, is set to boost its pipeline of cancer treatments after agreeing to buy privately-owned biotech firm Spirogen for up to $440 million (£275.4m). (Scotsman)
ENERGY
Orkney hosts major international marine energy event
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Hide AdA major international marine energy conference is getting under way in Orkney. (BBC)
RETAIL
Cake: Glasgow bakery cooks up a deal with Asda
A BAKERY in Glasgow is to supply Asda with a range of cakes in a six-figure deal that should create eight jobs. (Scotsman)
TRANSPORT & INDUSTRY
Bellway hikes dividend as annual profits soar
Housebuilder Bellway today said its shareholders will receive a 50 per cent hike in their dividends after its annual profits jumped by a third. (Scotsman)
MEDIA, TECH & LEISURE
Capita wins £3m contract for North Ayrshire
CAPITA IT Services has won a £3 million contract to improve internet access at council-controlled premises throughout North Ayrshire. (Herald