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Scottish Business Briefing - Wednesday June 6, 2012

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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.

TECHNOLOGY

Scots IT sector on the rise as cloud computing firm puts down roots

SCOTLAND’S £4 billion IT industry will receive a boost today when a Swedish “cloud computing” company that lists BAE Systems, the Oslo stock exchange and law firm Pinsent Masons among its clients unveils plans to create 50 jobs (Scotsman).

Read all today’s technology news from scotsman.com

ENERGY & UTILITIES

Shell chief forecasts weakening in oil prices as tensions ease

OIL prices will weaken further in the second half of this year as demand reacts to a slowing global economy, while international political tensions ease, Shell chief executive Peter Voser yesterday forecast (Scotsman).

Scots firm buys US rival to boost overseas presence

SCOTTISH company Integrated Environmental Solutions, which provides software and consulting services to help customers deliver low-energy-consuming buildings and communities, has acquired North American sector stablemate BVM Engineering in a £1 million-plus deal (Herald.

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

FOOD, DRINK & AGRICULTURE

Scotch whisky firm, Diageo, to invest £1bn

The drinks giant Diageo has announced it is to invest £1bn in Scotch whisky production over the next five years. The company said it would build a new distillery in the Speyside area and would draw up plans for a second if the global appetite for Scotch continues (BBC).

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

INDUSTRY

Pipeline company wins 10-year Qatargas deal

North-east pipeline engineering company STATS Group has landed its biggest contract to date – a multimillion-pound Middle Eastern deal with Qatargas. The 10-year agreement with the largest liquefied natural gas producer in the world involves providing remote pipeline isolation equipment (P&J).

Read all today’s industry news from scotsman.com

RETAIL

Steadying food inflation rate set to help shoppers

FOOD prices stabilised last month as the cost of raw materials and crude oil declined, providing some relief to under-pressure consumers. Today’s latest shop price index shows the UK’s annual food inflation rate holding steady at 4.3 per cent in May, unchanged from April’s figure (Scotsman).

Read all today’s retail news from scotsman.com

 

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