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.
Luscombe’s dual role at Royal London
KERR Luscombe, group strategy director at life and pensions company Royal London, is to add the finance operations to his role after Stephen Shone decided to step down as finance director after 14 years (Scotsman)
ENERGY & UTILITIES
ATH Resources slides into administration
COAL miner ATH Resources fell into administration on Wednesday night after its lender, Jon Moulton’s Better Capital, called in its loans (Scotsman).
FOOD, DRINK & AGRICULTURE
Drinks giant Diageo hopes to sell vodka to new emerging markets
DRINKS giant Diageo is hoping to replicate its success with whisky by taking vodka into emerging markets and persuading consumers to upgrade to more expensive brands (Herald).
MEDIA & LEISURE
Cineworld buys Cameo owner Picturehouse for £47.3m
Edinburgh’s Cameo cinema and the Belmont in Aberdeen have changed hands as part of a £47.3 million deal with Cineworld (Scotsman).
‘Greater clarity needed’ over property tax charges
Greater clarity is needed from the Scottish Government on its planned property tax rates to safeguard investment vital to the future growth of the economy, delegates at an north-east seminar were told (P&J)
Stagecoach eyes west coast line deal
INCOMING Stagecoach chief executive Martin Griffiths expects to unveil a deal on Thursday with the UK government to temporarily extend its west coast rail franchise with joint venture partner Virgin (Scotsman)