Scottish Business Briefing - Wednesday 13 March, 2013

TV is seeking investor approval for an executive bonus scheme. Picture: Comp
TV is seeking investor approval for an executive bonus scheme. Picture: Comp
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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

RBS cuts Direct Line stake in £500m sale

THE Royal Bank of Scotland yesterday said it planned to sell a stake in insurance group Direct Line which could raise up to £530 million from institutional investors (Scotsman).

Read all today’s banking news from scotsman.com

ENERGY & UTILITIES

Oil and gas optimism as tax breaks raise investment

TAX changes introduced by the UK government last year to promote investment in the oil and gas sector are “bearing fruit” as the latest survey shows growing confidence in the industry (Scotsman).

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

FOOD, DRINK & AGRICULTURE

Punch shares slide after bad weather sales hit

SHARES in Punch Taverns slid today after Britain’s second biggest pubs company disclosed that trading in its second trading quarter had been hit by the bad weather in January (Scotsman).

Read all today’s food, drink and agriculture news from scotsman.com

INDUSTRY

Ogilvie blast SFT’s public sector project ‘failure’

CONSTRUCTION firm Ogilvie Group has accused the Scottish Futures Trust (SFT) of failing to deliver “much-needed” public sector projects such as schools and hospitals (Scotsman).

Read all today’s industry news from scotsman.com

MEDIA & LEISURE

STV bosses could receive bonus if shares rise by 8p

BROADCASTER STV is seeking investor approval for an executive bonus scheme that will start to pay out if its shares rise by just 8p over the next three years (Herald).

Read all today’s media and leisure news from scotsman.com

RETAIL

Scottish retailers report ‘cautious optimism’ on sales

The latest sales figures from Scotland’s shops have indicated that February saw a third consecutive month of growth (BBC).

Read all today’s retail news from scotsman.com

SCOTSMAN CONFERENCE

The Economics of Independence 2013

This conference tackles the crucial issues facing business and industry in the Scottish

independence debate. Join expert speakers Alistair Darling MP, Jim McColl (Clyde Blowers) and Rupert Soames (Aggreko). Book your place today.

(http://www.scotsmanconferences.com|The Scotsman Conferences|SC})