Scottish Business Briefing - Wednesday 9 October

Co-op Bank: Bid to increase its independence from parent company. Picture: Getty
Co-op Bank: Bid to increase its independence from parent company. Picture: Getty
Share this article
0
Have your say

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.

FINANCE

Co-op Bank unveils boardroom shake-up

Co-operative Bank is overhauling its board today in a bid to increase the mutual lender’s independence from its parent company. (Scotsman)

Read all today’s finance news from scotsman.com

MANAGEMENT

Orion Group’s profits lifted by overseas sales

PRE-tax profits at Orion Group, the Inverness-based global recruitment specialist, have increased by just under 50% as the company supplied staff for major energy projects in Asia-Pacific and the North Sea. (Herald)

Read all today’s management news from scotsman.com

ENERGY

Wood forms turbine joint venture with Siemens

Energy services giant Wood Group is to spin off part of its GTS subsidiary into a new joint venture being created with German engineer Siemens. (Scotsman)

Read all today’s energy news from scotsman.com

FOOD, DRINK & AGRICULTURE

Greggs reveals improved sales performance

Bakery chain Greggs today said its sales performance is recovering, although it sounded a note of caution over the continued squeeze on consumers’ spending power. (Scotsman)

(http://www.scotsman.com/business/food-drink-agriculture|Read all today’s food, drink and agriculture news from scotsman.com|Click here}

RETAIL

Warm winter hits cashmere firm Johnstons

Cashmere company Johnstons of Elgin moved into loss last year following a warm winter and “sluggishness” in key markets. (BBC)

Read all today’s retail news from scotsman.com

TRANSPORT & INDUSTRY

Gatwick boss plea for Scots to back extra runway

Gatwick airport boss Stewart Wingate yesterday told Scottish business leaders that building a second runway at the Sussex site would be a better solution than a third airstrip at Heathrow. (Scotsman)

Read all today’s transport and industry news from scotsman.com

MEDIA, TECH & LEISURE

Aridhia expands after venture capital boost

VENTURE capital groups Albion Ventures and Scottish Equity Partners (SEP) have injected a “sizeable seven-figure sum” into fast-growing life sciences outfit Aridhia Informatics to fuel its expansion plans. (Scotsman)

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

The Fracking Question - 11th December - Edinburgh

Join us as we hear how fracking challenges the basic premise of the UK energy story – resources are declining and prices are rising. The conference will look at the current and potential impacts of fracking on a local and global scale.

Early bird discount ends Friday 11th of October. Visit the (the Scotsman Conferences) website for more details.

• Sign up to Business Briefing