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.
Standard Chartered facing extra $330m US sanctions fine
Banking giant Standard Chartered is facing a further $330 million (£205m) bill to settle a case with US regulators who accused the Asia-focused group of failing to comply with sanctions against Iran (Scotsman).
Key sectors called on to drive region’s economy
A development body has called on the north-east’s energy, tourism and food and drink businesses to help drive the region’s economic growth (P&J).
ENERGY & UTILITIES
Troubled miner ATH in rescue talks with Better Capital
BETTER Capital, the private equity firm run by veteran investor John Moulton, is in rescue talks to salvage the coal mining operations of ATH Resources (Scotsman).
Morton Fraser grows in Glasgow with Macdonalds deal
LAW firm Morton Fraser is significantly upping its Glasgow presence in the latest consolidation deal in Scotland’s legal sector (Scotsman).
High cost of cotton deepens losses at Fishers
LOSSES widened at Scotland’s biggest supplier of rented textiles to hotels and restaurants in the latest financial year after a rise in cotton prices hit its bottom line (Herald).
New Plexus factory creates 130 jobs in West Lothian
A US electronics company is creating 130 jobs after announcing plans for a second Scottish factory in a £9 million expansion (Scotsman)