Scottish Business Briefing - Tuesday 5 June, 2012

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


Renewable investment hits £1.7 bn

SCOTLAND attracted £1.7 billion worth of investment in renewable energy during 2011-12 - the second highest level in the UK, newly released figures have revealed (Scotsman).

Asco deals set to create up to 14 jobs next year

Two new deals for Asco are expected to create up to 14 jobs at the Aberdeen-based oil and gas logistics firm next year (P&J).

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Scottish Loan Fund to quadruple its portfolio

THE £94.2 million Scottish Loan Fund (SLF), which was launched in February 2011 to help companies unable to secure bank borrowings for growth, is poised to reveal within weeks a quadrupling of the number of businesses it is supporting (Herald).


Overseas demand gives revived Glenglassaugh distillery a maiden profit

A SCOTTISH distillery that reopened just three years ago posted its maiden profit on Monday thanks to strong demand for its older whiskies from Asia, Russia and the United States (Scotsman).


Highlands’ global appeal ‘will help tourism beat the recession’

A north hotelier has hailed the global power of the Highland brand as vital to helping the area’s tourism industry through the recession (P&J).


ProStrakan in £55m rights deal for cancer pain drug

DRUGS developer ProStrakan has bought the European rights to Abstral, a medicine used to treat severe pain from cancer, as the Borders-based firm’s Japanese owner ramps up its operations on the continent (Scotsman).