Scottish Business Briefing - Wednesday 20 November
FINANCE
JP Morgan seals deal to settle $13bn mortgage case
Investment banking giant JP Morgan Chase & Co was last night signed a $13 billion (£8bn) agreement with the United States government to settle claims that it had overstated the quality of mortgages sold to investors in the run-up to the financial crash. (Scotsman)
MANAGEMENT
Superglass boss lobbies PM over lack of insulation
Superglass chief executive Alex McLeod has written to Prime Minister David Cameron to demand changes to the energy company obligation (Eco), one of the UK government’s flagship energy-efficiency schemes. (Scotsman)
ENERGY
Scottish oil and gas exports put at £30bn
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Hide AdScottish sales of oil, gas and refined products to the rest of the world have been estimated at £30.3bn. (BBC)
FOOD, DRINK & AGRICULTURE
Glaxo raises £429m from Aspen stake sale
Drugs giant GlaxoSmithKline has raised about £429 million by selling one-third of its stake in South African partner Aspen Pharmacare. (Scotsman)
(http://www.scotsman.com/business/food-drink-agriculture|Read all today’s food, drink and agriculture news from scotsman.com|Click here}
TRANSPORT & INDUSTRY
Engineering group AMEC sees order book hit record £4bn
The order book at engineering group AMEC has grown to a record £4 billion and the company is on course to hit full-year targets partly as a result of continuing strong activity in the UK North Sea. (Herald)
MEDIA, TECH & LEISURE
Plan to help firms tap into lucrative biotech sector
A strategy to increase turnover from industrial biotechnology (IB) in Scotland from £189 million to £900m by 2025 will be unveiled in Switzerland today. (Herald)
Scotsman Conference
Realising the Potential of Life Sciences in Scotland – 25 Feb 2014 - Edinburgh
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