Scottish Business Briefing - Monday 20 February, 2012
BANKING
Taxpayer-backed banks braced for hits after PPI mis-selling pay-outs
PAY-outs for the mis-selling of payment protection insurance (PPI) are set to push Royal Bank of Scotland and Lloyds deep into the red this week, as the City seeks assurances that the worst of the financial crisis is over (http://www.scotsman.com/business/banking/taxpayer_backed_banks_braced_for_hits_after_ppi_mis_selling_pay_outs_1_2126650|Scotsman|Scotsman}).
ECONOMICS
‘Business hub’ plan on site of old Fountainbridge brewery
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Hide AdA MASSIVE expansion to Edinburgh’s financial district is set to be built on the site of Edinburgh’s historic Fountain Brewery – despite it being snapped up for a new school last year (Scotsman).
INDUSTRY
Clansman Dynamics to unveil expansion strategy
Robotic handling equipment maker Clansman Dynamics is set to announce plans for further expansion after reporting soaring turnover since becoming employee-owned two years ago (BBC).
Construction sector fears another hard as nails year in prospect
Industry confidence in the embattled construction sector took a further hit today as a major survey of employers flagged low expectations for jobs and profits (Scotsman).
MEDIA & LEISURE
Setting the Scottish skills standard for 2014 events
A SKILLS organisation is hoping to award charter marks for areas providing the best customer service in Scotland ahead of the 2014 Ryder Cup and Commonwealth Games (Herald).
RETAIL
‘Troubled times’ for shops as customers fall
THE number of customers in Scottish stores plummeted compared to the rest of the UK, where shops enjoyed an unexpected rise, according to a new report that warns of “troubled times” ahead for Scotland (Scotsman).