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Scottish Business Briefing - Wednesday 18 January, 2012

John Swinney welcomed the growth figure

John Swinney welcomed the growth figure

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.

ECONOMICS

Swinney targets key industries with sector-specific trade zones

SCOTLAND could attract more international firms in key industries thanks to sector- specific enterprise areas unveiled by Holyrood yesterday. Finance secretary John Swinney named a series of hubs where he plans to offer incentives to companies in manufacturing, life sciences and low-carbon renewable energy (Scotsman).

Economy is No1 priority, not independence, says business

THE threat of recession is looming again for Scotland, experts have warned, as a raft of new reports paint a gloomy picture of the state of the flagging economy (Scotsman).

Read all today’s economics news from scotsman.com

ENERGY & UTILITIES

Energy firm Cairn may sell Indian stake

Cairn Energy, the Edinburgh-based oil explorer, is considering a sale of its remaining stake in an Indian company. The business was spun out after its giant oil find in Rajasthan and the remaining 22% stake is valued at nearly £1.5bn (BBC).

Craig Group fuelled by oil markets

Investment in vessels and a pick-up in the oil and gas markets has helped fuel growth at Craig Group, the global shipping and energy services business (Scotsman).

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

INDUSTRY

Webster fires broadside at Irish bank over double collapse saga

THE entrepreneur behind collapsed firms Sangs and Calanike Retailing has launched a scathing attack on Allied Irish Bank (AIB), claiming the lender “ripped” his businesses away from him “without warning” (Scotsman).

Read all today’s industry news from scotsman.com

MEDIA & LEISURE

Pub chain JD Wetherspoon sees sales rise 3.6%

Pub chain JD Wetherspoon says trading has remained “resilient” after reporting an increase in sales. Like-for-like sales in the three months to 15 January grew by 3.6%, but the chain said the increase was mainly because the bad weather of a year ago had held trade back (BBC).

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

 

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