Scottish Business Briefing - Monday 7 October

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.

House of Frasers: Set for stock market? Picture: PA

MANAGEMENT

US shutdown and UK retail set to capture headlines

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ECONOMICS will dominate the headlines this week, with the Bank of England’s monetary policy committee’s usual two-day meeting curtailed to just one day so that central bankers can hop across the Pond for the annual gatherings in the United States of the International Monetary Fund and the World Bank. (Scotsman)

Accountancy partners win court battle to work

A GROUP of partners who left accountancy firm RSM Tenon have won a court battle that will allow them to make plans to set up their own practice in Glasgow. (Herald)

ENERGY

Summit call to avert Grangemouth oil refinery strikes

Unions are calling for an emergency summit and parliamentary debate in a bid to avert strikes at the Grangemouth oil refinery and petrochemical site. (BBC)

RETAIL

House of Fraser could float by spring

DEPARTMENT store chain House of Fraser is understood to be the latest of a spate of businesses coming to the stock market as London’s run of high-profile initial public offerings (IPOs) continues. (Scotsman)

Scent of Scotland heads to Far East

FAMILY owned Shearer Candles has signed a distribution deal which will see its products sold in China for the first time. (Herald

MEDIA, TECH & LEISURE

Scottish Equity Partners backs buyout at Tryzens

VENTURE capital group Scottish Equity Partners (SEP) has backed a management buyout at Tryzens, a technology outfit that helps customers including Ann Summers, John Lewis and Tesco to sell their goods online. (Scotsman)