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.
GDP figures set to foreshadow new recession
FEARS of a second recession are likely to heighten today as economists expect GDP figures to show the UK economy went into reverse during the final three months of last year. (The Scotsman)
ENERGY & UTILITIES
Cairn warned Gammell’s £1.4m will be flash point
CAIRN Energy has been warned by corporate governance watchdog Manifest that a £1.4 million payment to founder Sir Bill Gammell could be a “flash point” at its next annual investor meeting even after the Edinburgh oil explorer yesterday backed down on a separate £2.5m share award.
FOOD, DRINK & AGRICULTURE
Edinburgh start-up to make whisky biofuel
A new company has been formed to commercialise a process for producing biofuel made from whisky by-products. (BBC)
Scottish construction growth ‘to return’ in 2013
The Scottish construction industry will continue to contract this year but is expected to return to growth in 2013, according to a new report (BBC)
Pinnacle Telecom wins Olympic contract
A SCOTS telecoms firm yesterday unveiled its highest-profile contract to date after being chosen by the BBC to provide a voice and data network for broadcasters at this summer’s Olympic Games in London. (The Scotsman)
Facebook: We can help small firms morph into big business
Social networking giant Facebook has claimed it is supporting more than 35,000 jobs in the UK as small businesses use its site to market themselves to a wider audience. (The Scotsman)