Scottish Business Briefing – Tuesday 17 December

BrewDog: Bank investment shunned. Picture: Neil Hanna/TSPL
BrewDog: Bank investment shunned. Picture: Neil Hanna/TSPL
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WELCOME to’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


RBS saves £320m fee as £8bn support removed

TAXPAYER support for Royal Bank of Scotland (RBS) was formally reduced by a further £8 billion yesterday after the removal of a back-up scheme a year earlier than planned. (Scotsman)

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Creditfix top of the league as Flynn plans for more growth

CREDITFIX, a Glasgow-based insolvency specialist bought by Irish entrepreneur Pearse Flynn in 2007 when it turned over £1 million, has become Scotland’s market leader and number five in the UK with the takeover of a Manchester rival. (Herald)

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Aggreko leaps £350m as it reveals new deals

SCOTTISH temporary power supplier Aggreko has enjoyed a near-£350 million surge in its stock market worth, after telling the City its 2013 results would likely exceed expectations and unveiling contracts for next year’s Commonwealth Games and football World Cup. (Herald)

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Beer fans finance BrewDog growth plans

A controversial north-east brewery has raised more than £4million from its customers after shunning investment from banks. (Press & Journal)

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Property firm Dominvs in £30m Aberdeen hotel plan

AN INVESTMENT company set up by Euro Car Parts founder Sukhpal Singh Ahluwalia yesterday unveiled £30 million plans to build two hotels in Aberdeen and revealed it is also in talks to buy a site in Edinburgh. (Scotsman)

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Angel’s fall fuels biotech’s return to market

A SCOTTISH life sciences company that rose from the ashes of collapsed Angel Biotechnology is preparing to return to the stock market and take over a Californian peer. (Scotsman)

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