Scottish Business Briefing - Friday 28 September, 2012

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

UC Finance launches with £5m fund

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UC Finance is launching with £5 million of funding to provide greater financial options for contractors, freelancers and one-man limited companies (Herald).

ENERGY & UTILITIES

ScottishPower looks to sell stake in grid for £1.5bn

SPANISH power firm Iberdrola is in talks to sell a minority stake in ScottishPower’s electricity grid as part of its strategy to shore up its balance sheet and boost investment in the network, sources close to the deal have confirmed (Scotsman).

FOOD, DRINK & AGRICULTURE

Highland Spring closes in on Evian’s No 1 sales crown

RECORD sales at Highland Spring mean the firm is now poised to overtake rival Evian as the best-selling brand in the UK (Scotsman).

INDUSTRY

WoodMac’s boost as it creates 100 jobs after profits soar

Wood Mackenzie, the Edinburgh-based research consultancy that changed hands in a £1.1 billion deal this summer, has unveiled plans to create more than 100 jobs after delivering a 36 per cent rise in full-year profits (Scotsman).

MANAGEMENT

Accountancy firm Johnston Carmichael announces merger

Accounting and business advisory firm Johnston Carmichael is set for further expansion after announcing a merger with Ritson Smith (BBC).

TECHNOLOGY

IndigoVision shares surge ‘shows shake-up at the top was needed’

SHARES in technology group IndigoVision, which was at the centre of a bitter boardroom battle less than a year ago when its founder was ousted, soared to their highest level in almost 18 months yesterday after posting bumper profits (Scotsman).