Scottish Business Briefing - Wednesday 9 October

Co-op Bank: Bid to increase its independence from parent company. Picture: Getty
Co-op Bank: Bid to increase its independence from parent company. Picture: Getty
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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.


Co-op Bank unveils boardroom shake-up

Co-operative Bank is overhauling its board today in a bid to increase the mutual lender’s independence from its parent company. (Scotsman)

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Orion Group’s profits lifted by overseas sales

PRE-tax profits at Orion Group, the Inverness-based global recruitment specialist, have increased by just under 50% as the company supplied staff for major energy projects in Asia-Pacific and the North Sea. (Herald)

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Wood forms turbine joint venture with Siemens

Energy services giant Wood Group is to spin off part of its GTS subsidiary into a new joint venture being created with German engineer Siemens. (Scotsman)

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Greggs reveals improved sales performance

Bakery chain Greggs today said its sales performance is recovering, although it sounded a note of caution over the continued squeeze on consumers’ spending power. (Scotsman)

(|Read all today’s food, drink and agriculture news from|Click here}


Warm winter hits cashmere firm Johnstons

Cashmere company Johnstons of Elgin moved into loss last year following a warm winter and “sluggishness” in key markets. (BBC)

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Gatwick boss plea for Scots to back extra runway

Gatwick airport boss Stewart Wingate yesterday told Scottish business leaders that building a second runway at the Sussex site would be a better solution than a third airstrip at Heathrow. (Scotsman)

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Aridhia expands after venture capital boost

VENTURE capital groups Albion Ventures and Scottish Equity Partners (SEP) have injected a “sizeable seven-figure sum” into fast-growing life sciences outfit Aridhia Informatics to fuel its expansion plans. (Scotsman)

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The Fracking Question - 11th December - Edinburgh

Join us as we hear how fracking challenges the basic premise of the UK energy story – resources are declining and prices are rising. The conference will look at the current and potential impacts of fracking on a local and global scale.

Early bird discount ends Friday 11th of October. Visit the (the Scotsman Conferences) website for more details.

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