Scottish Business Briefing - Tuesday 28 February, 2012

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WELCOME to’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


HSBC’s lending to Scots tops £1bn as profits outshine rivals

HSBC, Europe’s biggest bank, has seen its lending in Scotland push through the £1 billion milestone as it turns the screw on its indigenous rivals (Scotsman).

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Four-year UK North Sea investment plans up 30%

OIL and gas firms have increased the amount they plan to invest in the UK North Sea by 30% to £31 billion over the past year despite the hike in taxes in the 2011 Budget (Herald).

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Tenancy offer draws interest from Oz

Interest in becoming a tenant farmer on one of the two units in Fife being offered to let by the Forestry Commission has brought responses not only from the length and breadth of Scotland but also from Australia (Scotsman)

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Merged drinks group rebranded

The company created from the merger of drinks wholesaler William Morton and wine merchant Inverarity Vaults is moving all operations to its Glasgow headquarters (Scotsman).

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Digital growth has helped Penguin books

DIGITAL ebooks accounted for 12 per cent of revenues at publishing giant Penguin last year after download sales doubled on a year ago, owner Pearson revealed yesterday ({


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Scottish tourism target ‘may not be met’

A target for a 50% boost in Scotland’s tourism industry by 2016 cannot be met, the Scottish Parliament’s economy committee has warned ({


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