Scottish Business Briefing – Wednesday 24, April
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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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.