Scottish Business Briefing - Friday 23 March, 2012

North Sea Oil production stands to gain from the Chancellor's Budget

North Sea Oil production stands to gain from the Chancellor's Budget

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WELCOME to’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


Budget gets the thumbs up from North Sea oil companies

Two North Sea oil firms reporting results yesterday hailed the tax breaks announced in the Budget, saying they make exploration more attractive and finds more profitable. (Scotsman)

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Fining salmon farmers ‘to cost 1,000 jobs’

CONTROVERSIAL plans to impose heavy on-the-spot fines on Scotland’s salmon farmers for minor breaches of rules could lead to nearly 1,000 job losses and lose the sector £100 million, industry leaders have warned. (Scotsman)

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Review of contract law prompted by online shopping rise

The rapid rise in shopping online - and the use of electronic media - has prompted a major review of contract law in Scotland. (BBC)

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Nevis Range bosses plan busy summer programme

Bosses at Nevis Range are looking to a busy summer programme to lift the gloom after a disappointing ski season. (Press and Journal)

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Shops’ record worst performance in nine months

THE embattled retail sector has taken a further hit, with official data revealing its worst performance in nine months in February – coupled with a late downgrade of January’s unexpectedly positive figures. (Scotsman)

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Drug giant Glaxo creates 100 jobs with £100m Scottish investment

THE decision by drugs giant GlaxoSmithKline (GSK) to pump £100 million into its Scottish facilities and create a further 100 high-quality jobs could attract other pharmaceuticals makers to Scotland, experts yesterday. (Scotsman)

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