Scottish Business Briefing - Thursday 14 July, 2011
BANKING & INSURANCE
Lloyds: selling more assets 'equal to HBOS demerger'
FORCING Lloyds Banking Group to sell off more than the 630 branches required under European law would effectively amount to a demerger of the Lloyds TSB and HBOS deal, the banking giant has claimed (Scotsman).
Read all today's banking news from scotsman.com
ECONOMY
'Fragile' Scots economy put at risk by poor state of infrastructure
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Hide AdSCOTLAND'S transport network has been criticised for holding back a growth in tourism, according to an economic report published today (Scotsman).
Read all today's economics news from scotsman.com
ENERGY & UTILITIES
Drilling activity halved since tax hike
DRILLING activity in UK waters halved during the last three months as the coalition government's surprise tax hike began to dent business confidence in the oil and gas sector, a report will today claim (Scotsman).
Read all today's energy and utilities news from scotsman.com
RETAIL
Sports Direct reports further growth
Sports Direct has reported rising sales and underlying profits, as it pulls further ahead of loss-making rival JJB. The sports equipment and clothing retailer said it made 119m profit before tax for the year to 24 April, marginally down on the previous year (BBC).
Read all today's retail news from scotsman.com
TECHNOLOGY
Aquamarine unveils 250% power boost
Efforts to generate cost- effective power from the sea took a step forward yesterday as Edinburgh-based wave energy developer Aquamarine launched its latest device (Scotsman).
Amor agrees contract with Business Stream
Amor, the Renfrewshire-based technology specialist formed two years ago in a 28 million management buyout, has struck a 2.1m deal to help build a new IT infrastructure platform and support services for Business Stream, the non-domestic water supplier (Herald).
Read all today's technology news from scotsman.com