Scottish Business Briefing – Friday 22 July, 2011
BANKING & INSURANCE
Now FSA turns spotlight on reasons for collapse of HBOS
CITY regulators have announced a formal inquiry into the failure of HBOS, three years after it was forced into a merger with Lloyds TSB.
Read all today's banking news from scotsman.com
ENERGY & UTILITIES
ScottishPower profits slump as UK demand for energy plummets
PROFITS slumped at ScottishPower in the first half of the year as falling demand due to a depressed UK economy and higher wholesale energy prices took their toll.
Read all today's energy and utilities news from scotsman.com
FOOD, DRINK & AGRICULTURE
Capital pubs chain set to be sold for 30m
Scottish tycoon Kenny Waugh is expected to announce the sale of a chain of pubs and hotels today as he continues to break up his loss-making leisure empire.
Second seafood firm netted by Associated
Associated Seafoods, the Glasgow-based consolidation vehicle, has bought its second fishing company in as many weeks after yesterday netting scampi-maker Moray Seafoods for an undisclosed sum.
Read all today's food, drink and agriculture news from scotsman.com
Microsoft revenues hit a record as Xbox sales soar
The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (43.4bn). Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth.
Wolfson reveals 'crystal clear' chip
WOLFSON, the Edinburgh-based microchip maker, yesterday unveiled a component that it believes will lead to clearer mobile telephone calls.
Read all today's technology news from scotsman.com