Scottish Business Briefing - Monday 24 September, 2012
ECONOMICS
Scottish economy ‘still sluggish’ says Lloyds TSB report
Business confidence in Scotland is on the slide, and expectations are much weaker than earlier this year, according to a new report (BBC).
ENERGY & UTILITIES
New device to help offshore energy firms detect dolphins makes waves
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Hide AdA SPIN-OUT company from St Andrews University will launch a device this week to let renewable energy companies monitor whales, dolphins and other marine mammals around their offshore projects (Scotsmsan).
INDUSTRY
McColl’s Clyde Bergemann seals bank financing to aid international growth
ONE of engineering tycoon Jim McColl’s businesses has signed a $117 million (£72m) refinancing deal with Lloyds Bank to fuel its international expansion (Scotsman).
MANAGEMENT
Pentagon may back ring-fence of BAE’s US unit
ATTEMPTS by BAE Systems and EADS to win approval for their £28 billion merger deal would include ring-fencing the American defence business with a board of US nationals, sources have said (Scotsman).
French firm in the frame as diary maker Letts goes up for sale again
LETTS Filofax, the maker of diaries and personal organisers, has been in talks with a French stationery company that could lead to another change of ownership for the Dalkeith-based business (Scotsman).
PERSONAL FINANCE
Origen reports £3.5m loss after review
Financial adviser Origen, part of Edinburgh-based Aegon UK, has reported a £3.5 million pre-tax loss for 2011 after conducting an internal review of its systems and controls (Herald).