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Scottish Business Briefing - Tuesday 5 June, 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.

ENERGY & UTILITIES

Renewable investment hits £1.7 bn

SCOTLAND attracted £1.7 billion worth of investment in renewable energy during 2011-12 - the second highest level in the UK, newly released figures have revealed ({http://www.scotsman.com/news/environment/renewable-investment-hits-1-7-bn-1-2337388|Scotsman|Scotsman}).

Asco deals set to create up to 14 jobs next year

Two new deals for Asco are expected to create up to 14 jobs at the Aberdeen-based oil and gas logistics firm next year ({http://www.pressandjournal.co.uk/Article.aspx/2797499|P&J|P&J}).

{http://www.scotsman.com/business/energy-and-utilities|Read all today’s energy and utilities news from scotsman.com|Read all today’s energy and utilities news from scotsman.com}

BANKING

Scottish Loan Fund to quadruple its portfolio

THE £94.2 million Scottish Loan Fund (SLF), which was launched in February 2011 to help companies unable to secure bank borrowings for growth, is poised to reveal within weeks a quadrupling of the number of businesses it is supporting ({http://www.heraldscotland.com/business/markets-economy/scottish-loan-fund-to-quadruple-its-portfolio.17784824|Herald|Herald}).

{http://www.scotsman.com/business/banking|Read all today’s banking news from scotsman.com|Read all today’s banking news from scotsman.com}

FOOD, DRINK & AGRICULTURE

Overseas demand gives revived Glenglassaugh distillery a maiden profit

A SCOTTISH distillery that reopened just three years ago posted its maiden profit on Monday thanks to strong demand for its older whiskies from Asia, Russia and the United States ({http://www.scotsman.com/business/management/overseas-demand-gives-revived-glenglassaugh-distillery-a-maiden-profit-1-2337293|Scotsman|Scotsman}).

{http://www.scotsman.com/business/food-drink-and-agriculture|Read all today’s food, drink and agriculture news from scotsman.com|Read all today’s food, drink and agriculture news from scotsman.com}

MEDIA & LEISURE

Highlands’ global appeal ‘will help tourism beat the recession’

A north hotelier has hailed the global power of the Highland brand as vital to helping the area’s tourism industry through the recession ({http://www.pressandjournal.co.uk/Article.aspx/2797639|P&J|P&J}).

{http://www.scotsman.com/business/media-and-leisure|Read all today’s media and leisure news from scotsman.com|Read all today’s media and leisure news from scotsman.com}

TECHNOLOGY

ProStrakan in £55m rights deal for cancer pain drug

DRUGS developer ProStrakan has bought the European rights to Abstral, a medicine used to treat severe pain from cancer, as the Borders-based firm’s Japanese owner ramps up its operations on the continent ({http://www.scotsman.com/business/prostrakan-in-55m-rights-deal-for-cancer-pain-drug-1-2337368|Scotsman|Scotsman}).

{http://www.scotsman.com/business/technology|Read all today’s technology news from scotsman.com|Read all today’s technology news from scotsman.com}


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