Scottish Business Briefing - Tuesday 13 March, 2012
FOOD, DRINK & AGRICULTURE
Contrasting fortunes for two whisky distilleries
TWO of Scotland’s foreign-owned whisky distilleries came under the spotlight yesterday after Tomatin unveiled a banking deal with HSBC and sales growth slowed at Glen Grant (Scotsman).
INDUSTRY
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Hide AdDouglas joins forces with university spin-out for drug project
ABERDEEN University is joining forces with Derek Douglas’ corporate finance house Adam Smith Limited (ASL) to raise £1.5 million for a drug development spin-out company (Scotsman).
Challenges ahead for Superglass chairman
THE future ownership of Stirling-based insulation manufacturer Superglass will be reviewed once the company is back on its feet, incoming chairman John Colley has indicated (Herald).
MEDIA & LEISURE
From Banchory bedroom to CNN, Mashable lined up for £127m sale
A WEBSITE launched from a Banchory-based teenager’s bedroom is expected to be sold to international news network CNN in a deal rumoured to be worth $200 million (£127.9m) (Scotsman).
PERSONAL FINANCE
Scottish homebuyers ‘thin on the ground’
Scotland’s surveyors have reported optimism among house sellers, despite buyers remaining “thin on the ground” (BBC).
RETAIL
Game warns ‘shares may be worthless’
STRUGGLING computer games retailer Game Group yesterday warned shareholders that their investment may be wiped out as it explores ways of keeping the business afloat (Scotsman).