Scottish Business Briefing - Wednesday 18 January, 2012

John Swinney welcomed the growth figure
John Swinney welcomed the growth figure
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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.


Swinney targets key industries with sector-specific trade zones

SCOTLAND could attract more international firms in key industries thanks to sector- specific enterprise areas unveiled by Holyrood yesterday. Finance secretary John Swinney named a series of hubs where he plans to offer incentives to companies in manufacturing, life sciences and low-carbon renewable energy (Scotsman).

Economy is No1 priority, not independence, says business

THE threat of recession is looming again for Scotland, experts have warned, as a raft of new reports paint a gloomy picture of the state of the flagging economy (Scotsman).

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Energy firm Cairn may sell Indian stake

Cairn Energy, the Edinburgh-based oil explorer, is considering a sale of its remaining stake in an Indian company. The business was spun out after its giant oil find in Rajasthan and the remaining 22% stake is valued at nearly £1.5bn (BBC).

Craig Group fuelled by oil markets

Investment in vessels and a pick-up in the oil and gas markets has helped fuel growth at Craig Group, the global shipping and energy services business (Scotsman).

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Webster fires broadside at Irish bank over double collapse saga

THE entrepreneur behind collapsed firms Sangs and Calanike Retailing has launched a scathing attack on Allied Irish Bank (AIB), claiming the lender “ripped” his businesses away from him “without warning” (Scotsman).

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Pub chain JD Wetherspoon sees sales rise 3.6%

Pub chain JD Wetherspoon says trading has remained “resilient” after reporting an increase in sales. Like-for-like sales in the three months to 15 January grew by 3.6%, but the chain said the increase was mainly because the bad weather of a year ago had held trade back (BBC).

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