Scottish Business Briefing - Friday 11 October

Royal Mail shares: Rose by more than a third this morning. Picture: PA

Royal Mail shares: Rose by more than a third this morning. Picture: PA

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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.


Lloyds sells Australian operations for £918m

State-backed lender Lloyds Banking Group has agreed to sell its Australian operations to Sydney-based Westpac for about A$1.55 billion (£918 million). (Scotsman

Read all today’s finance news from


Royal Mail shares surge on market debut

Shares in Royal Mail rose by more than a third when they began trading on the stock market this morning, increasing the value of the business by more than £1 billion. (Scotsman)

Read all today’s management news from


Capita will expand its workforce by 2000 in two years

OUTSOURCING giant Capita Group is confident of adding thousands of people to its Scottish workforce, having already seen staff numbers increase ten-fold in the past seven years. (Herald)

Read all today’s economics news from


Aberdeen store tops John Lewis sales league

John Lewis has reported a recovery in sales last week, with its Aberdeen store emerging as the best performer. (Scotsman)

Read all today’s retail news from


US shutdown sees BAE workers told to stay at home

AROUND 1,200 BAE Systems staff have been told not to report to work in the US as the government shutdown continues. (Scotsman)

Harris Tweed Hebrides plans £1m investment

THE company that has led the revival which pulled the Harris Tweed industry back from the brink has announced plans for a further £1 million investment programme. (Herald)

Read all today’s transport and industry news from

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 Scotsman Conferences) website for more details.

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