Scottish Business Briefing - Tuesday 3 July, 2012
ECONOMICS
Olympics will hand Scotland £1bn windfall, claims study
SCOTLAND is to net a £1 billion dividend from the London Olympics, according to a new study. The main beneficiaries of the 2012 extravaganza, which kicks off later this month, are set to be the construction and tourism industries (Scotsman).
Scottish business confidence dips as double-dip recession fear looms
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Hide AdSCOTLAND now looks likely to join the rest of the UK in a double-dip recession as a key survey published today shows businesses struggling to build a sustainable recovery (Scotsman).
BANKING
Barclays boss Bob Diamond resigns
Barclays chief executive Bob Diamond has resigned with immediate effect. The move comes less than a week after the bank was fined a record amount for trying to manipulate inter-bank lending rates (BBC).
MEDIA & LEISURE
Powerleague’s on the ball after revealing possible bid for Goals
SHARES in Goals Soccer Centres leapt more than 7 per cent today after a rival five-a-side operator pitched in and said it was mulling an offer, with analysts predicting a £70 million-plus price tag (Scotsman).
Morphsuits founders win £4.2m backing from investment fund
Gullane-based AFG Media, tHE maker of the Morphsuits fancy dress outfits, today secured a £4.2 million investment from the Business Growth Fund (BGF) to boost its overseas operations (Scotsman).
TECHNOLOGY
Omega Diagnostics bosses prescribe a plan for Bric expansion
MEDICAL testing kit maker Omega Diagnostics today unveiled a further push into the fast-growing “Bric” economies and emerging markets in Africa after profits jumped by a third (Scotsman).