Scottish Business Briefing - Monday 11 June, 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.

ECONOMICS

Scots economic growth stalling as eurozone debt crisis takes its toll

THE impact of the eurozone debt crisis on Scotland’s economy will be laid bare this morning when figures show the private sector grew in May at its slowest pace since the start of last year (Scotsman).

ENERGY & UTILITIES

Dieselec plans expansion after profits increase

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DIESELEC Thistle, the Milngavie-based temporary power specialist, is preparing to expand after shrugging off the uncertainty regarding the economy to record dramatic growth in profits (Herald).

FOOD, DRINK & AGRICULTURE

Diageo moves ahead of rival as it boosts international sales growth

DRINKS giant Diageo is leading the race into emerging markets ahead of French rival Pernod Ricard, and looks set to be first to get half its sales from these growth areas as it serves drinkers from Moscow to Mumbai, analysts have forecast (Scotsman).

MANAGEMENT

Aberdeen top UK city for creating businesses

ABERDEEN was the only city to create more companies than it lost as the UK came out of recession in 2010, according to new analysis published today (Scotsman).

RETAIL

Tesco’s quarterly profits hit by ‘challenging’ trading

Tesco’s UK sales have fallen over the past three months, in what the retailer said was “a challenging quarter for the industry as a whole” (BBC)

TECHNOLOGY

Elimpus secures £50,000 to fund planned expansion

A TECHNOLOGY company has moved into larger premises thanks to £50,000 funding from regeneration and investment body UK Steel Enterprise. Elimpus has developed monitoring devices which detect electrical discharges for high-voltage equipment (Herald).

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