Scottish Business Briefing - Thursday 19 July, 2012 - Management

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Scottish Business Briefing - Thursday 19 July, 2012

The Scotch Whisky Association is launching a legal challenge against the SNP's minimum pricing move. Picture: TSPL

Published on 19/07/2012 09:13

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.

ECONOMICS

Salmond looks to London to rescue Scotland’s economy

SCOTLAND has fallen into a double-dip recession with the Scottish Government warning that the country will continue to “bump along the bottom” unless the Treasury pumps in hundreds of millions of pounds to revive the ailing economy. (Scotsman)

Read all today’s economics news from scotsman.com

BANKING

Co-op to buy 632 Lloyds bank branches

The Co-operative Group has agreed terms with Lloyds Banking Group to buy 632 Lloyds TSB and Cheltenham and Gloucester branches. The Co-op will pay £350m upfront and up to an additional £400m based on the performance of the combined business. (BBC)

Read all today’s banking news from scotsman.com

ENERGY & UTILITIES

Brussels cash snub for Buchan energy scheme

PRESSURE was mounting on the UK Government last night to back plans for a pioneering green energy scheme in the north-east after it failed to win a huge Brussels grant. (Press and Journal)

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

FOOD, DRINK & AGRICULTURE

SNP alcohol policy faces legal challenge from whisky industry

THE Scottish Government’s flagship proposal to introduce a minimum price for alcohol is to face a legal challenge from the drinks industry. A package of measures is expected to be outlined by the Scotch Whisky Association today aimed at opposing the plans and will include legal action. (Scotsman)

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

RETAIL

United cashing in on success of wholesale arm

UNITED Wholesale (Scotland), the cash-and-carry business owned by former MP Mohammed Sarwar and his family, saw pre-tax profits almost triple last year, despite start-up costs of new online discount and mobile phone app subsidiaries. (Herald)

Read all today’s retail news from scotsman.com

TECHNOLOGY

Optos raises production as Daytona orders defy earlier fears

EYE scanner maker Optos is ramping up production of its new Daytona desk-top device to cope with early demand for the product. The Dunfermline-based company, which makes machines for taking pictures of the back of patients’ eyes, will formally launch Daytona on 1 October. (Scotsman)

Read all today’s technology news from scotsman.com

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Scottish Business Briefing - Thursday 19 July, 2012

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