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.
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).
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).
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).
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).