Scottish Business Briefing - Wednesday 1 June, 2011

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


Rainy day savings on the rise as fears grow over jobs

MORE people are setting aside rainy day funds as pessimism grows over the outlook for the UK economy, a benchmark report has revealed (Scotsman)

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52.2m RSA jobs boost for Scotland

PROJECTS intended to create or safeguard 7160 jobs in Scotland were backed with 52.2 million of Regional Selective Assistance (RSA) grants in the year to March.This represented a much bigger promised jobs impact than in the 2009/10 financial year (Herald).

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Cairn Energy set to hold out for full price in Indian deal

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CAIRN Energy is expected to hold firm on price as the potential buyer of a stake in its Indian subsidiary considers revising down its bid (Scotsman).

Shell is sure of its future investment in the North Sea

THE chief executive of Shell said the North Sea was still important for the oil and gas giant, which could invest in the province for decades to come (Herald).

Going green 'is good for business'

Going green is good for a company's balance sheet. According to a new survey, more than a third of small Scottish businesses have grown as a result of becoming more environmentally friendly (Scotsman).

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Edinburgh's Saltire Hospitality wins Hearts contract

Edinburgh-based Saltire Hospitality has said it is to expand after winning a contract with Heart of Midlothian football club. The seven-figure deal is to provide all the hospitality and catering for the Tynecastle club from 1 June (BBC).

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