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Scottish Business Briefing - Monday 11 February, 2013

Golf's 2014 Ryder Cup organisers are inviting businesses to tender for supplier contractsPicture: Neil Hanna

Golf's 2014 Ryder Cup organisers are inviting businesses to tender for supplier contractsPicture: Neil Hanna

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.

BANKING

Rules on handling risk aim to avoid financial crisis

BANKS and other financial services outfits will today be presented with fresh rules on how they measure risk in an effort to avoid a repeat of 2008’s financial crisis, which brought the world’s economy to the brink of collapse (Scotsman).

Read all today’s banking news from scotsman.com

ECONOMICS

Triple-dip recession fear as optimism at 21-year low

OPTIMISM among British businesses has fallen to its lowest level in 21 years, according to a new survey that reignites concerns that the economy is lurching towards an unprecedented triple-dip recession. It contrasts sharply with the latest purchasing managers’ index (PMI) from Bank of Scotland, which today shows the fastest rise in Scottish private sector activity for seven months (Scotsman).

US firms eyeing Highlands

The head of development agency Highlands and Islands Enterprise (HIE) said more firms on the other side of the Atlantic were keen to expand in the north after returning from a trade visit to the US (P&J).

Read all today’s economics news from scotsman.com

MEDIA & LEISURE

Ryder Cup contracts up for grabs on procurement site

GOLF’S 2014 Ryder Cup organisers are inviting businesses to tender for supplier contracts. Ryder Cup Europe expects the event at Gleneagles to employ 5,000 people directly, with many more likely to benefit through the supply chain (Scotsman).

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

RETAIL

Glasgow shopping hotspot sold for £10.5m

THE giant Glasgow-based UK Commercial Property Trust has sold a property in Buchanan Street, in the heart of the city’s upmarket shopping area, to a Luxembourg-domiciled real-estate fund for almost £10.5 million (Herald).

Entrepreneur on eve of launching skincare range

AN entrepreneur is hoping to propel her skincare brand into top department stores when it is launched this summer. Sara Jane Lynch, 26, set up Tru:Beauty Skincare after being unable to find glamorous products which would help control her eczema. Now she is in the final stages of testing and approval for the first three products in the skincare range (Scotsman).

Read all today’s retail news from scotsman.com

 

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