Scottish Business Briefing – July 19th 2011

WELCOME to's Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


Bostock quits RBS as banks warned sale could be delayed

ROYAL Bank of Scotland was left reeling last night by the resignation of one of its senior executives, Nathan Bostock, who has quit to join Lloyds Banking Group. (Scotsman)

Thorburn is keeping his powder dry over Lloyds branch sell-off

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CLYDESDALE chief executive David Thorburn yesterday side-stepped questions over the sale of Lloyds assets and insisted the bank was able to grow organically. (Scotsman)

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Fresh moves to save 249 Southern Cross homes

Southern Cross' biggest landlord yesterday announced plans to rescue 249 care homes with a new company led by a former boss of the Priory clinics. (Scotsman)

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Ex-Simclar director in court row over house

THE former finance director of Simclar Group is being prevented from selling the home he has put on the market for almost 1 million amid the fallout from the legal battle with liquidators of its Ayrshire business. (Herald)

Angel confident despite share fall on training costs

SHARES in Edinburgh-based Angel Biotechnology fell 5 per cent yesterday after the cost of training staff for a new manufacturing facility near Newcastle pushed the Aim-quoted life sciences firm back into the red. (Scotsman)

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BAA loses final Competition Commission sell-off ruling

Airport operator BAA must sell Stansted and either Glasgow or Edinburgh airports, the Competition Commission has said in its final ruling. (BBC)

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