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.
RBS fends off flak as Sir Philip Hampton vows to restore dividend ‘soon’
Royal Bank of Scotland chairman Sir Philip Hampton today vowed to restore dividend payments “as soon as possible” but warned it will take many years before the group’s share value returns to the levels seen before the financial crisis (Scotsman).
ENERGY & UTILITIES
Shell to boost Schiehallion stake
Oil giant Shell has agreed a deal that could see it increase its stake in the BP-operated Schiehallion field to nearly 50% (P&J).
FOOD, DRINK & AGRICULTURE
£40m splashed out on raising Pernod whisky production
DRINKS giant Pernod Ricard yesterday unveiled a £40 million investment programme for its Scotch whisky distilleries that will see production expanded at four sites to cope with growing demand from emerging markets (Scotsman).
Texas plant at Greenock enjoys steady growth
TEXAS Instruments’ Greenock electronics plant, which for decades traded under the National Semiconductor banner, achieved solid growth in turnover during the 31 weeks to December 31 last year, accounts filed with Companies House reveal (Herald).
Gillies claims SE has helped deliver £59m investment in infrastructure
Scottish Enterprise yesterday said it had helped secure nearly £59 million of investment in infrastructure and machinery over the past year, creating hundreds of jobs (Scotsman).
MEDIA & LEISURE
Thomas Cook sees losses widen as it struggles with debt
Thomas Cook has seen its half-year losses increase sharply after a “difficult” six months, but says it is taking “decisive action” to improve its position (http://www.bbc.co.uk/news/business-18246207|bbc|bbc}).