Scottish Business Briefing - Thursday 19 May, 2011

BANKING & INSURANCE

Shareholders fire broadside at Horta-Osorio pay package

NEW Lloyds chief executive Antonio Horta-Osorio suffered a baptism of fire during his first official visit to Scotland yesterday as the bank was forced to fend off shareholder anger over his bumper pay package

Read all today's banking news from scotsman.com

ENERGY & UTILITIES

Oil capital 'risks being left behind' as green revolution gathers pace

SIR Ian Wood, Scotland's first oil billionaire, has warned Aberdeen is in danger of failing to capitalise on its potential as a major centre for the booming renewable energy sector

Read all today's energy and utilities news from scotsman.com

FOOD, DRINK & AGRICULTURE

Tennent's adds fizz to Irish owner's figures as it drives up market share

SCOTTISH brewer Tennent's made a substantial contribution to the annual profits of Irish parent group C&C as it continued to gain market share.

SAB Miller's profits lifted by emerging markets

Brewing giant SAB Miller has seen its annual profits rise 24% thanks to increased sales in emerging markets and cost savings. The London-based company made a pre-tax profit of $3.6bn (2.2bn) in the year to 31 March, up from $2.9bn a year ago.

Read all today's food, drink and agriculture news from scotsman.com

INDUSTRY

Dawson sells business to plug 12m pension fund shortfall

Dawson International has shrunk itself again with its third disposal in two years, raising 6 million to help plug its pension fund deficit.

Read all today's industry news from scotsman.com

RETAIL

Shopping centre giant drives shares in property

Property shares built up solid gains yesterday as one of the sector's biggest players posted forecast-beating annual results and said its key markets were in recovery mode.

Read all today's retail news from scotsman.com