Scottish Business Briefing - August 21st 2013

Rona Dougall on the set of STV show Scotland Tonight. Picture: Complimentary
Rona Dougall on the set of STV show Scotland Tonight. Picture: Complimentary
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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

Lloyds confirms German disposal

Lloyds banking Group this morning confirmed that it is selling its German business Heidelberger Leben.

MANAGEMENT

McCarthy & Stone to build 250 retirement homes

BRITAIN’S biggest retirement home developer yesterday unveiled a £1.5 billion plan to build 250 sites by 2018 after securing a £527 million refinancing deal.

ENERGY

Cairn eyes more ‘active’ approach as losses widen

CAIRN Energy will put 18 months of reshaping behind it and “get extremely active” with a drilling programme that should help transform its financial fortunes, chief executive Simon Thomson said yesterday.

TRANSPORT & INDUSTRY

£150m boost to transform Edinburgh Airport

Edinburgh Airport has announced plans for a £150m investment programme which will make it “one of the best airports in the UK”.

MEDIA, TECH & LEISURE

STV to resume divi payouts

Broadcaster STV said it would resume dividend payments this year after growing revenues and profit in the first half.

Group could be forced to sell off north-east picture house

Cineworld could be forced to sell the Belmont Cinema in Aberdeen, just eight months after taking it over.

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