Scottish Business Briefing - Wednesday 16 May, 2012

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

ECONOMICS

Small firms bear brunt of big business’s failure to pay bills on time

BRITAIN’S big companies are facing calls to sign up to a prompt payment code as it emerged that they owe smaller firms a record £35 billion in unpaid invoices (Scotsman).

ENERGY & UTILITIES

Norwegian group creates 300 Aberdeenshire jobs

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NORWEGIAN energy services firm Aker yesterday unveiled plans to create 500 jobs in Aberdeenshire over the next two years, swelling its headcount in the region beyond the 3,000 mark (Scotsman).

FOOD, DRINK & AGRICULTURE

Salmon firm Marine Harvest to invest £80m in Scottish fish farming

The world’s biggest producer of farmed salmon has announced plans to invest £80m in its Scottish operations over the next five years (BBC).

RETAIL

Retail: April showers wash away hope on the beleaguered high street

April was a washout for Scotland’s retailers, with high street stores today reporting their worst fall in sales for 13 years as the wet weather took its toll (Scotsman).

TECHNOLOGY

Angel Biotechnology’s first collagen contract will earn it £400k a year from Cardium

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LIFE sciences minnow Angel Biotechnology yesterday unveiled the first contract for its collagen factory in Glasgow, just a week after buying the plant from sausage skin maker Devro (Scotsman).

TRANSPORT

Hial traffic continues to climb

More than 100,000 people passed through north airports last month, according to figures published yesterday (P&J).

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