Spanish power company Iberdrola has declared that it will invest about £2.7 billion in Scottish businesses over the next two years. Iberdrola expects the legal profession and construction firms to be among those to benefit from increased spend. The giant, which owns Scottish Power, has more than 1,800 suppliers in Scotland, including Scottish Coal. Scottish First Minister Alex Salmond has welcomed this announcement. Mr Salmond discussed Iberdrola's plans for investment in Scotland during a visit to Bilbao to further strengthen economic links with the Basque country.