Scottish Business Briefing - Monday 9 April, 2012
BANKING & INVESTMENT
Alliance Trust fights for independence amid talk of potential AAM takeover
ALLIANCE Trust yesterday stuck to its guns in its fight for continuing independence amid speculation that Aberdeen Asset Management (AAM) has held talks with major shareholders in the group to drum up support for a potential swoop (Scotsman)
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ECONOMICS
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Hide AdSharp rise in PMI suggests Scotland could avoid dreaded ‘double dip’
Scotland’s economy has pushed further back from “double dip” recession territory after the sharpest monthly rise in private sector employment since July 2007 (Scotsman).
8,000 more Scots ‘will be thrown out of work by end of the summer’
THOUSANDS more Scots will join the dole queue during the summer and unemployment will not fall for 18 months, according to a new study (Scotsman).
INDUSTRY
Murray finds buyer for steels business
SIR David Murray is poised to announce the sale of his £100 million general steels business but insists he is under “no pressure at all” from bankers Lloyds to shrink the £470m debts of Murray International Holdings (Herald)
RETAIL
Shop failures cost 10,000 jobs in first quarter - Deloitte
The number of retailers entering administration in the first quarter of this year was up 15% on the same period last year, according to research (BBC).
TRANSPORT
Loganair opens Glasgow route
LOGANAIR and franchise partner Flybe have launched a direct service connecting Glasgow with Newquay in Cornwall (Scotsman)
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