Revenues soar at owner of Perth ‘biogas’ facility
Green technology group TEG, which jointly owns an anaerobic digestion facility in Glenfarg, has trimmed its annual losses following a 25 per cent jump in revenues.The firm said its Biogas Perth joint...
View ArticleFSA fines oil rig maker £2.4m for ‘significant’ failings
The City watchdog has fined oil rig maker Lamprell £2.4 million for “significant” failings in the way it reported its financial performance during the early part of last year. The Financial Services...
View ArticleBerkeley on track to return £568m to shareholders
London-focused housebuilder Berkeley today said it was on track to return £568 million to shareholders by September 2015.In a trading update covering the three months to 28 February, the group said...
View ArticleScottish Business Briefing - Monday 18 March, 2013
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. ECONOMICSBorrowing up, growth down – double...
View ArticleMarkets: Banks bear brunt of Cypriot woes
THE FTSE 100 managed to weather the storm from Cyprus today with a loss of just 0.5 per cent but banking stocks suffered amid concerns that plans to tax depositors for a bailout could set a...
View ArticleLloyds and Sir Fraser Morrison oil services deal
Construction tycoon Sir Fraser Morrison has sold his holding in an Aberdeen oil services firm to the private equity arm of Lloyds Banking Group in a deal worth more than £30 million.Morrison, the...
View ArticleBusiness news in brief: Andy Murray | Kelvin Capital | Angel Biotechnology
TENNIS star Andy Murray has appointed property firm Bidwells to oversee the renovation of his newly acquired Perthshire hotel, Cromlix.Bidwells’ Perth office acted as agent for the £1.8 million...
View ArticleStakis to set up nursery franchises
THE son of the late Scots-Cypriot hotel magnate Sir Reo Stakis is to set up a British day care nursery franchise operation.Evros Stakis, who will be president of Stakis Day Care Nurseries, said he is...
View ArticleAstraZeneca to cut 1,600 jobs in R&D restructure
Drugs giant AstraZeneca is to slash about 1,600 jobs over the next three years, including 700 in the UK, as part of an overhaul of its research operations.The shake-up will see the end of research and...
View ArticleBerkeley to hit £568m target
Housebuilder Berkeley is on track to return £568 million to shareholders by September 2015.In a trading update covering the three months to 28 February, the London-focused group reported forward sales...
View ArticleInvestment pledge after Malmaison £180m deal
HOTEl operator Malmaison has pledged to invest up to £10 million in its properties, including projects in Dundee and St Andrews, after it was acquired by an American venture capital firm for an...
View ArticleSt Andrews firm to choose biggest salmon fillets
A SPIN-OUT company from St Andrews University has signed a deal to license its fish-selection technology to Norway-based genetics firm Salmobreed.Xelect, which was launched in February, examines the...
View ArticleClydebank and Clyde Gateway regeneration job boost
More than 60 jobs are being created as Clydebank’s urban regeneration company invests £1.6 million to build workshops and oilfield services firm Glacier Energy hires staff in Glasgow’s East End.The...
View ArticleMB Aerospace on acquisition trail after MBO
ENGINEERING group MB Aerospace, which employs more than 100 at its Motherwell base, has been sold in a secondary management buy-out (MBO) as it eyes a series of acquisitions.Under the deal, US-based...
View ArticleFear of green UK target miss
JUST 4 per cent of firms working in the alternative power industry believe that the UK has a “good” chance of hitting its 2020 target of meeting 15 per cent of its energy needs from renewables,...
View ArticleRS McColl owner to open 150 more shops
Retailer Martin McColl is to open a further 150 convenience stores over the next two years after completing a debt refinancing worth more than £100 million.The group, founded by Scottish international...
View ArticleCoveney urges Europe to work together for CAP decision
Irish farm minister Simon Coveney has urged his colleagues in each of the other 26 European Union member states to highlight their top three priorities in the next common agricultural policy (CAP).“You...
View ArticleWheat predictions heavily qualified
Early estimates of the 2013 wheat harvest in the European Union predict a 3.7 per cent rise on last year’s levels, but this prediction was also heavily qualified by weather conditions.The chairman of...
View ArticleUK computer games industry grows again
GROWING demand for mobile phones and tablet computers and an explosion in the number of start-up companies has helped the computer games industry return to growth.The collapse of a number of studios –...
View ArticleRBS plans £700m upgrade investment by 2016
Royal Bank of Scotland is to invest £700 million over the next three years upgrading its branches.The money will be spent on refurbishments across its network of 2,066 branches along with initiatives...
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