Scottish Business Briefing - Monday 18 June, 2012
ECONOMICS
Lack of bank lending still hampering small businesses in the UK
SMALL businesses are facing a new credit crunch that is denting confidence and restricting growth even as the UK government launches an £80 billion scheme to boost lending. (Scotsman)
ENERGY & UTILITIES
Eland looks for £100m to fund Nigeria exploration
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Hide AdSCOTLAND is set for its first flotation this year on the Alternative Investment Market (Aim) as an oil and gas group looks to raise more than £100 million to fund a major acquisition in Nigeria, west Africa. (Scotsman)
FOOD, DRINK & AGRICULTURE
Majestic toasts rise in profits as sales increase
Majestic Wine has reported a 14% rise in annual profits as it continues to enjoy increasing sales.
(BBC)
INDUSTRY
Scotcall recruitment drive follows expansion scheme
A CREDIT management and recovery business plans to create around 100 jobs in the coming months as part of an investment in excess of £500,000. Scotcall Group has unveiled an ambitious three-year plan to increase turnover to more than £20 million. (Herald)
Hunter recycling business to create 30 posts
A NEW industrial recycling business expects to create at least 30 jobs over the next two years. Hunter Enviromental has spent £1.1 million on a 27-acre site at Bishopbriggs and has already hired six staff. (Herald)
MEDIA & LEISURE
Highlander scores with Olympic deals
Outdoor equipment company Highlander is hoping to grow its international sales after winning contracts worth more than £500,000 to supply products for this year’s London Olympics. (Scotsman)