DCSIMG

Scottish Business Briefing - Thursday January 19, 2012

Drilling activity in UK waters has fallen to its lowest level since 2003

Drilling activity in UK waters has fallen to its lowest level since 2003

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

Low-interest environment means Airdrie is lending more

Airdrie Savings Bank increased its lending by a third last year as it sought new avenues for its capital in the current low interest rate environment (Scotsman).

Read all today’s banking news from scotsman.com

ECONOMICS

Scottish unemployment: Danger of ‘lost generation’ as jobless total rises 19,000

SCOTLAND’S unemployment crisis could leave a “lost generation” consigned to the dole queue with jobless levels heading back towards the epidemic scale of the 1980s, leading economic and business figures have warned (Scotsman).

Read all today’s economics news from scotsman.com

ENERGY & UTILITIES

Rig shortage cuts North Sea drilling to eight-year low

Drilling activity in UK waters has fallen to its lowest level since 2003 due to a lack of oil rigs and the knock-on effects of the 2008-9 recession, according to a report published today (Herald).

ABI in red-top alert over £4m payout to Gammell

PRESSURE has mounted on Edinburgh oil explorer Cairn Energy after the Association of British Insurers (ABI) issued a rare “red-top” alert over payments of £4 million to founder Sir Bill Gammell (Herald).

Read all today’s energy and utilities news from scotsman.com

INDUSTRY

Minister gives printer his seal of approval

ENTERPRISE Minister Fergus Ewing has declared that ambitious companies like Glasgow printer John Watson & Co are the key to building sustainable Scottish economic growth, following a visit to its premises to view a multimillion-pound label printing press (Herald).

Read all today’s industry news from scotsman.com

RETAIL

Comet saw poor Christmas sales, Kesa says

Electrical goods retailer Comet had a poor festive trading period, its owner Kesa Electricals has said. Like-for-like sales at Comet for the 10 weeks to 8 January fell by 14.5% compared with a year earlier (BBC).

Read all today’s retail news from scotsman.com

 

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