Scottish Business Briefing – Wednesday 24, April

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.
Picture: ReutersPicture: Reuters
Picture: Reuters

BANKING

Co-op walks away from Lloyds branches deal

Lloyds Banking Group’s efforts to offload more than 600 branches were thrown into disarray this morning when the Co-operative said it was walking away from the deal because of the poor economic climate.

ENERGY & UTILITIES

Gaia-Wind in turbine push

GAIA-Wind is working with researchers at Strathclyde University to develop more efficient small wind turbines.

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FOOD, DRINK & AGRICULTURE

Deuchars renews Edinburgh Fringe sponsorship

DUTCH brewer Heineken aims to pick up more drinkers south of the Border after renewing its headline Deuchars sponsorship of the Edinburgh Festival Fringe.

INDUSTRY

Call to cut costs as factory orders continue to fall

BUSINESS leaders yesterday appealed for a government crackdown on costs and red tape as it emerged that Scottish manufacturers had suffered a further fall in orders.

RETAIL

Primark powers up profits at AB Foods

Budget fashion chain Primark delivered another blow to rival Marks & Spencer yesterday by reporting six more months of booming growth.

TECHNOLOGY

£30m cash from SFC for Scots life sciences industry

SCOTLAND’S life sciences industry yesterday welcomed a £30 million cash injection from the Scottish Funding Council (SFC), which could help companies to create more than 2,000 jobs.

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