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Scottish Business Briefing - Monday 2 May, 2011

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 & INSURANCE

City called in to help rescue RBS inquiry after report delay

THE deadline for the publication of a regulatory report into the collapse of Royal Bank of Scotland is set to be postponed indefinitely, triggering the appointment of an independent City heavyweight to help salvage the inquiry (Scotsman).

Read all today's banking news from scotsman.com

ECONOMY

Companies regaining appetite for mergers

Britain's corporate community would appear to have regained its appetite for mergers and acquisitions, according to research published today as a third of the UK's larger businesses say they are planning to acquire a smaller rival in the next year (Scotsman).

US dollar and shares climb on news of Bin Laden's death

The US dollar has rebounded, and stock markets have gained in Asia after US President Barack Obama said Osama Bin Laden was dead. Oil prices slid more than 1%; the prices of gold and silver also dropped (BBC).

Edinburgh second only to London for 1m sales

SALES of 1 million homes soared in Scotland last year as the top end of the property market bounced back from the slump (Scotsman).

Read all today's economics news from scotsman.com

ENERGY & UTILITIES

Centrica threat to close gas field over 'tax raid'

SCOTTISH Gas-owner Centrica has refused to rule out permanently closing down the UK's biggest gas field because of the Chancellor's controversial tax raid on North Sea energy firms (Scotsman).

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

INDUSTRY

Simclar founder faces courtroom showdown

A WEALTHY entrepreneur faces a courtroom confrontation with liquidators seeking the recovery of 3 million worth of dividends paid by an electronics firm he closed amid controversy in 2007 (Herald).

Read all today's industry news from scotsman.com


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Weather for Edinburgh

Friday 25 May 2012

5 day forecast

Today

Sunny

Sunny

Temperature: 10 C to 21 C

Wind Speed: 14 mph

Wind direction: North east

Tomorrow

Sunny

Sunny

Temperature: 9 C to 20 C

Wind Speed: 15 mph

Wind direction: North east

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