Scottish Business Briefing - Monday June 13, 2011

BANKING & INSURANCE

Another 15,000 to face axe at Lloyds

BANK of Scotland owner Lloyds Banking Group is reported to be set to cut up to 15,000 more jobs as part of a 1 billion cost savings plan (Scotsman).

Barclays to settle payment protection insurance claims

Barclays has said it will pay out compensation to everyone to whom it sold payment protection insurance and who made a complaint before 20 April. Customers will be reimbursed the total value of all premiums plus 8% interest (BBC).

Read all today's banking news from scotsman.com

ECONOMY

Scottish boost as workforce growth outpaces UK figures

SCOTTISH firms took on staff at the fastest rate in more than three years last month as the economy enjoyed a fifth consecutive month of growth, according to research (Scotsman)

Read all today's economics news from scotsman.com

INDUSTRY

Advisers put more Scots firms on a real business footing

Scottish Enterprise's advice service for manufacturers is preparing to broaden its role after helping 56 per cent more firms last year than in the previous 12 months (Scotsman).

Angel says trade buyers lining up for Scots deals

TRADE buyers have developed a new appetite for acquiring growing Scottish companies, according to the chief executive of Scotland's biggest business angel syndicate (Scotsman).

Read all today's industry news from scotsman.com

MEDIA & LEISURE

Murrays all set to sign new deal with RBS

Royal Bank of Scotland will this week announce a new sponsorship deal with Andy Murray despite making big cutbacks since its taxpayer bail-out (Scotsman).

Read all today's media and leisure news from scotsman.com