Scottish Business Briefing - Tuesday 15 May, 2012
BANKING
Lloyds appoints Bester to top role
LLOYDS Banking Group, owner of Bank of Scotland, has hired Standard Chartered banker Andrew Bester to run its wholesale division, six months after Royal Bank of Scotland’s Nathan Bostock unexpectedly withdrew from the role.
http://www.heraldscotland.com/business/company-news/lloyds-appoints-bester-to-top-role.17547515
ECONOMICS
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Hide AdPlus stock exchange turns negative as it bows to market forces with closure
Britain’s Plus stock exchange yesterday gave up its long battle to be the market of choice for ambitious smaller companies after failing to find a buyer to rescue it from mounting losses (Scotsman).
Greek deadlock sends markets into fresh spin as default looms
FINANCIAL stocks suffered a new rout yesterday as the political deadlock in Greece prompted fears that it will leave the euro and default on its debts within weeks (Scotsman).
ENERGY & UTILITIES
Highland firm Global Energy Group sets up Norway base
Highland-based offshore engineering and fabrication firm Global Energy Group is establishing its first permanent base in Norway (BBC).
INDUSTRY
CarieScan ready to sink teeth into new markets
DUNDEE-based CarieScan’s dental imaging device is to be sold in North Africa, the Middle East and Turkey after its parent company 3D Diagnostic Imaging signed a set of new distribution deals (Herald).
TRANSPORT
Thomas Cook shares plunge after it warns of collapse if sale vote is lost
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Hide AdSHARES in beleaguered travel company Thomas Cook slumped dramatically yesterday after it warned shareholders that failure to back its disposal plans would risk its collapse (Scotsman)