Scotsman.com - Industry Feed

Business briefs: AGR Aberdeen | Clintec | John Menzies | IoD

Tue, 21 May 2013 18:02:52 GMT

AGR Petroleum Services, the Aberdeen-based operations of Norwegian well management firm AGR, has won an £18 million contract from Genel Energy covering ten wells in north and west Africa.

Jobs go as electricals unit closure costs Mitie £22m

Mon, 20 May 2013 18:36:15 GMT

OUTSOURCING specialist Mitie yesterday revealed that closing down its mechanical and electrical (M&E) engineering contracts arm will cost it £22.1 million.

Superglass shareholders back £12.9m survival plan

Mon, 20 May 2013 11:05:56 GMT

Superglass, the Stirling-based insulation materials company, today won shareholder backing for a survival plan which will see it raise £12.9 million and significantly reduce its debts.

Sir Roger Carr in the spotlight for BAE chairmanship

Sun, 19 May 2013 20:05:27 GMT

Defence giant BAE Systems is set to name City veteran Sir Roger Carr as its next chairman, according to reports.

Government ‘saved bacon’ of builders

Sat, 18 May 2013 17:42:39 GMT

THE outgoing chairman of trade body Homes for Scotland has credited the Scottish Government for having “saved our bacon” during the recession, which decimated small to medium-sized housebuilders.

Global Energy: £37m Easter Ross South Quay upgrade

Fri, 17 May 2013 06:34:00 GMT

GLOBAL Energy Group will boost the South Quay in Easter Ross by investing £37 million into its Nigg yard operation.

Optos profits slump on lower first-half sales

Thu, 16 May 2013 06:53:03 GMT

Eyecare company Optos has unveiled a 90 per cent plunge in first-half profits, sending its shares down sharply, but insisted its long-term prospects “remain strong”.

Business in brief: Babcock | Balfour Beatty | APR

Tue, 14 May 2013 18:31:32 GMT

SUPPORT services outfit Babcock International has reported a steady rise in annual turnover and profits.

Tata job fears as steel giant writes off £1bn

Tue, 14 May 2013 18:26:40 GMT

FRESH fears over the future of UK steel jobs were raised yesterday after India’s Tata Steel wrote down the value of its European operations by £1 billion.

‘No change’ in performance at Balfour Beatty

Tue, 14 May 2013 06:30:50 GMT

Balfour Beatty this morning said there had been “no change in performance” following last month’s profit warning, its second in six months.

Business briefs: BT | BP | Rolls–Royce

Sun, 12 May 2013 18:39:55 GMT

TELECOMS giant BT will return to the mobile phone market within a year through the launch of its 4G services.

Euro woes fail to derail Nissan

Fri, 10 May 2013 18:20:04 GMT

Nissan boss Carlos Ghosn expects the car-maker to set an annual sales record, despite the mainland European market facing another tough year.

Tom Hunter’s Sigma Capital to build 1,000 homes

Fri, 10 May 2013 18:18:55 GMT

SIGMA Capital, the property investment firm in which Ayrshire entrepreneur Sir Tom Hunter holds a 22 per cent stake, has been given planning permission by Liverpool City Council to build 1,000 houses.

BPI swoops on Flexfilm amid ‘challenging’ trade

Thu, 09 May 2013 17:50:37 GMT

BRITISH Polythene Industries (BPI) has strengthened its position in the food sector with the £5.5 million cash acquisition of Cheshire-based Flexfilm.

BAE confident of ‘modest’ earnings growth despite budget constraints

Wed, 08 May 2013 19:48:28 GMT

Defence contractor BAE Systems has forecast “modest” earnings growth this year amid ongoing uncertainties over budget cuts in the US.

High flier Ferrari cuts production

Wed, 08 May 2013 19:36:44 GMT

Ferrari will cut production by at least 4 per cent this year to preserve the exclusivity of its brand but still hopes to increase profits.

Crest Nicholson sees ‘signs of stirring’ in housing market

Tue, 07 May 2013 08:01:55 GMT

Housebuilder Crest Nicholson, which returned to the stock market in February, today said it has made a strong start to life as a listed company again.

Port of Ardersier seeks to switch from oil to wind

Mon, 06 May 2013 21:45:05 GMT

Developers are seeking the go ahead to turn a former oil fabrication yard in the Highlands into a manufacturing “super-hub” for renewables – delivering a second jobs boom for the site.

Scots sporran makers threat from Pakistan imports

Sat, 04 May 2013 17:54:30 GMT

ONE of Scotland’s age-old crafts is in danger of disappearing under a barrage of cheap Asian imports after a European court upheld a ban on sealskin, traditionally favoured by sporran makers.

Honda hits target on UK job cuts

Fri, 03 May 2013 18:37:53 GMT

JAPANESE car-maker Honda has achieved its target of cutting hundreds of jobs at its UK site mainly through voluntary redundancy.