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Scottish Business Briefing - Friday 29 June, 2012

Belhaven is owned by Greene King

Belhaven is owned by Greene King

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

BANKING

Libor scandal hits where it hurts as billions wiped off bank shares

BANKING shares were hammered yesterday as politicians weighed into the Libor-fixing scandal, raising the spectre of further regulation on the sector and threatening harsher punishments for the wrongdoers. (Scotsman)

Read all today’s banking news from scotsman.com

ECONOMICS

UK recession even deeper than feared as Scotland stagnates

THE UK’s double-dip recession is deeper than first thought, according to figures published yesterday – amid fresh warnings about the economic health of Scotland. (Scotsman)

Read all today’s economics news from scotsman.com

ENERGY & UTILITIES

ATH mining a difficult seam of problems with coal price slump

COAL mining group ATH Resources yesterday said it was writing off £2 million due to issues at one of its sites in Scotland. The company said problems caused by old mine workings at its Muir Dean site in Fife have again increased, further reducing coal production and increasing costs. (Scotsman)

Read all today’s energy and utilities news from scotsman.com

FOOD, DRINK & AGRICULTURE

North distillery expects over 20,000 visitors

A Highland Distillery said yesterday it expected to welcome more than 20,000 people this summer after investing £150,000 in its visitor centre. Tomatin Distillery also said it had received four-star status from VisitScotland after upgrading the facilities in its visitor centre and expanding the tour. (Press and Journal)

Belhaven boss wants Westminster to follow Holyrood on drink prices

WESTMINSTER should follow Holyrood’s lead and set a minimum price for alcohol of 50p per unit, the chief executive of Belhaven owner Greene King said yesterday. (Scotsman)

Read all today’s food, drink and agriculture news from scotsman.com

MEDIA & LEISURE

Luxury hotel’s owners upbeat as pre-tax earnings rise

THE company which owns Aberdeen’s only five-star hotel the Marcliffe has posted a rise in pre-tax profits and a healthy outlook for the current year, while admitting that the planned sale of the business is still on hold. (Herald)

Read all today’s media and leisure news from scotsman.com

 

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