Scottish Business Briefing – Thursday 20 June 2013
BANKING
PRA tells lenders to plug £27bn capital shortfall
Five of Britain’s biggest lenders must plug a combined £27.1 billion hole in their finances, with Barclays, Lloyds Banking Group and Royal Bank of Scotland accounting for more than 90 per cent of the shortfall, the City regulator said today. (Scotsman)
ECONOMICS
£50 million cash boost for Scots business innovators
The Scottish Government unveiled a £50 million boost to businesses yesterday with a project aimed at entrepreneurs creating jobs. (Scotsman)
ENERGY & UTILITIES
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Hide AdSeaEnergy sees finance boss depart under shake-up in the boardroom
SEAENERGY has announced the departure of its finance director in a move to trim numbers in the offshore service group’s boardroom. (Scotsman)
INDUSTRY
Springfield looking to add fresh talent to workforce
Moray construction firm Springfield Properties said yesterday it wanted as many as 30 new apprentices to help ease the industry’s skill shortages. (P&J)
RETAIL
Blacks and Millets drag down JD Sports
RESCUING Blacks Leisure and Millets out of administration for £20 million last year is continuing to weigh on JD Sports, which confirmed that its outdoor clothing chains would rack up further “substantial” losses in the current year. (Scotsman)
TRANSPORT
Aer Arann targeting growth on Scottish routes
AER Arann, the Dublin-based carrier that operates flights for Aer Lingus between Scotland and Ireland, is aiming to boost passenger numbers on those routes by 10% this year. (Herald)