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.
Lack of bank lending still hampering small businesses in the UK
SMALL businesses are facing a new credit crunch that is denting confidence and restricting growth even as the UK government launches an £80 billion scheme to boost lending. (Scotsman)
ENERGY & UTILITIES
Eland looks for £100m to fund Nigeria exploration
SCOTLAND is set for its first flotation this year on the Alternative Investment Market (Aim) as an oil and gas group looks to raise more than £100 million to fund a major acquisition in Nigeria, west Africa. (Scotsman)
FOOD, DRINK & AGRICULTURE
Majestic toasts rise in profits as sales increase
Majestic Wine has reported a 14% rise in annual profits as it continues to enjoy increasing sales.
Scotcall recruitment drive follows expansion scheme
A CREDIT management and recovery business plans to create around 100 jobs in the coming months as part of an investment in excess of £500,000. Scotcall Group has unveiled an ambitious three-year plan to increase turnover to more than £20 million. (Herald)
Hunter recycling business to create 30 posts
A NEW industrial recycling business expects to create at least 30 jobs over the next two years. Hunter Enviromental has spent £1.1 million on a 27-acre site at Bishopbriggs and has already hired six staff. (Herald)
MEDIA & LEISURE
Highlander scores with Olympic deals
Outdoor equipment company Highlander is hoping to grow its international sales after winning contracts worth more than £500,000 to supply products for this year’s London Olympics. (Scotsman)