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.
Lloyds branch sale to Co-op back on the table as deal terms agreed
Lloyds Banking Group’s long-running effort to sell 632 branches looked to be nearing completion last night as it announced it had agreed terms for a deal with Co-op Bank (Scotsman).
Swinney spends £105m to try to kickstart economy
A £105 MILLION package of measures to boost the Scottish economy has been unveiled by finance secretary John Swinney. The Scottish Government said each of the capital projects would be taken forward quickly to “deliver the maximum economic impact” (Scotsman).
ENERGY & UTILITIES
Fear of ‘skills shortage’
The booming north-east subsea industry is poised to offer jobs to up to 10,000 workers over the next year. But sector bosses fear a skills shortage will mean they struggle to fill the posts – despite the UK being in the midst of a double-dip recession (P&J).
FOOD, DRINK & AGRICULTURE
Loch Fyne Oysters in the red before cash injection
Loch Fyne Oysters plunged to a £1.6 million loss in its last financial year, ahead of a multimillion-pound injection by outside investors into the previously employee-owned company, documents obtained from Companies House reveal (Herald).
Tennent’s drinkers help to ease C&C troubles as cider sales falter
STRONG sales of Tennent’s lager allowed parent group C&C to reassure investors yesterday even though poor weather extinguished thirst for Magners and other cider brands owned by the Irish company (Scotsman).
Light shines on mLED as it raises £378,000 for expansion
A UNIVERSITY spin-out firm whose technology could feature in the next generation of smartphones and barcode scanners has raised £378,000 for the next stage of its development (Scotsman).