Scottish Business Briefing - Thursday 9 June, 2011
BANKING & INSURANCE
Ring-fencing banks could create more risk, warns RBS chief Hester
RING-fencing different banking operations may backfire by making UK retail banks too adventurous in their lending, the boss of the taxpayer-backed Royal Bank of Scotland has warned (Scotsman).
Clydesdale Bank praises alliance with network
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Hide AdCLYDESDALE Bank is "absolutely delighted" with the opportunities to lend to members of the Entrepreneurial Exchange which are arising from the partnership it formed with this energetic Glasgow-based network last year, it said (Herald).
Read all today's banking news from scotsman.com
INDUSTRY
Jobs fear for 6,000 Scots as care crisis deepens
PLANS by the UK's largest care home operator, Southern Cross, to axe 3,000 jobs have sparked fears that a large number of posts will be cut at the firm's homes in Scotland (Scotsman).
Read all today's industry news from scotsman.com
MEDIA & LEISURE
Tourist sector buoyant as Scottish hotels benefit from staycations
Hotels north of the Border enjoyed a return to pre-recession occupancy and revenue levels as people chose Scotland for their Easter and bank holiday breaks (Scotsman).
Making a song and dance: SECC matches London's O2 arena for economic impact
GLASGOW'S Scottish Exhibition & Conference Centre boosted the nation's economy by more than 640 million in the year to 31 March, it was claimed yesterday (Scotsman).
Read all today's media and leisure news from scotsman.com
RETAIL
Argos sales sees sharp fall, Home Retail Group says
Argos has reported a big drop in sales for the past three months after experiencing worse-than-expected trading conditions, its owner has said. Home Retail Group said like-for-like sales at the Argos chain - which strip out the impact of new stores - fell 9.6% in the 13 weeks to 28 May (BBC).
Read all today's retail news from scotsman.com