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Saudi deal saves 200 BAE jobs
Defence giant BAE Systems has won a £1.6 billion contract to supply aircraft to Saudi Arabia, safeguarding more than 200 jobs at its Brough factory in north Yorkshire.
Dunedin sells military bridge builder WFEL
DUNEDIN, the Edinburgh-based private equity firm, has sold Stockport-based military bridge builder WFEL to German tank maker Krauss-Maffei Wegmann in what is believed to have been a £60 million deal.
Industrial property demand falls
Demand for industrial property has fallen to its lowest level since early 2009, with Scotland experiencing a “disappointing” decline in the first quarter of the year, according to a new report.
You’re hired: Scottish textile makers to recruit more apprentices
SCOTLAND’S textile manufacturers are working together on the nationwide roll-out of an initiative aimed at encouraging more young people into the industry, following the successful launch of a modern apprenticeship scheme in the Borders last year.
New US owner of Clyde Union Pumps axes 90 jobs in Glasgow
THE new owner of Clyde Union Pumps, the former Weir Group business acquired from Scots entrepreneur Jim McColl, has announced more than 90 job cuts at the Glasgow plant.
1 commentUK car production soars
The number of cars built in the UK last month was up almost 10 per cent on a year ago, boosted by strong export demand, new figures show.
1 commentCall for lender for industry
NEARLY three-quarters of manufacturers want the UK government to create a dedicated “industrial bank” to lend to their sector, according to a survey published today.
Interview: Martin McCourt, former Chief Executive of Dyson
Striking a somewhat 007 pose, award winner and innovator Martin McCourt is looking forward to making waves in equitya
Pledges to drugs discovery centre take investment to £50m level
Six of the world’s largest drug companies today announced a £14.4 million injection to fund research in Dundee that will develop treatments for diseases such as arthritis, cancer and Parkinson’s.
Slump in property deals
THE value of commercial property deals in Scotland has slumped to its lowest level for more than six years following a 40 per cent crash in the first quarter of 2012.
Jumpstart recruits 40 staff to drive expansion
TAX credit specialist Jumpstart has launched a major recruitment drive that is expected to create 40 highly skilled jobs and add up to £10 million in turnover.
Steel Engineering wins Kintyre tidal energy deal
A WEST of Scotland engineering firm with a heritage stretching back 90 years has won a contract to build a tidal energy device that will be tested off the Mull of Kintyre in the coming months.
Jaguar to fuel supply chain with a £1bn boost as Evoque demand rises
Jaguar Land Rover has given Britain’s car parts industry a £1 billion shot in the arm and will also push ahead with plans to create a further 300 jobs.
Chill winds in construction may push UK further into recession
A FRESH battering for the construction sector is likely to have pushed Britain into an even deeper recession, economists warned yesterday.
More than 200 jobs go as construction firm collapses
Scotland’s ailing construction sector was dealt a further blow today after an Inverness-based building firm was shut down with the loss of 238 jobs.
Weir hit by fracking slowdown as £44m orders are cancelled
SHARES in Weir Group lost more than 5 per cent of their value this week after the engineering giant confirmed a plunge in orders from the previously-booming US market for equipment to release gas from beneath rocks.
Unpaid bills blamed for builder’s fall
A HIGHLAND construction company yesterday blamed its fall into the hands of administrators on customers not paying their bills, as 277 jobs were put at risk.
Terrace Hill’s store of news
PROPERTY developer Terrace Hill, which is controlled by oil tycoon Robert Adair, yesterday hailed “significant milestones” in three of its projects.
Outbreak of optimism from manufacturers
Optimism among Britain’s small manufacturers has risen for the first time in a year, despite many companies expressing fears that political and economic uncertainty could curtail demand for exports, the CBI said today.
West set for a £200 million construction boost
OFFICIALS will meet this week to start awarding £200 million-worth of public sector building contracts in the west of Scotland as attempts are made to kick-start the struggling construction sector.
Rolls-Royce predicts £1.44bn a year profit
Rolls-Royce has predicted another rise in profits this year as the engine maker continues to benefit from airlines’ need for more fuel-efficient planes.
Debt down and profits up as Havelock Europa turnaround plan bears fruit
SHOP and classroom fit-out specialist Havelock Europa yesterday posted a jump in operating profits as chief executive Eric Prescott continues to turn around the Dalgety Bay-based firm.
Firm Jim McColl sold for £750m faces jobs scare
SPX Corporation, the company that acquired Clyde Union Pumps last year from Scots entrepreneur Jim McColl for £750 million, is believed to be planning a cut in its overheads.
Saudi deal is key says BAE
Defence giant BAE Systems yesterday said it expects little sales growth this year, but it could see “modest growth” in underlying earnings per share if it can finalise a fighter jet deal with Saudi Arabia.
Wolfson in sound health as it forecasts fast return to profitability
WOLFSON Microelectronics said yesterday that it was confident of returning to profitability this year as consumers demand better sound quality from their smartphones and other portable devices.
2 commentsPfizer hit by Lipitor sales dip
Drugs maker Pfizer, which last month agreed to sell its baby food business to Swiss food giant Nestlé for £7.4 billion, yesterday said first-quarter profits fell 19 per cent as sales of its Lipitor cholesterol treatment were hit by cheaper generic competition.
Manufacturing hit by icy blast as exports decline
Fears that the recession may last longer than expected were heightened yesterday as Britain’s manufacturing sector felt an icy blast from the crisis-hit eurozone.
Major sell-off demanded as price for UK tie-up
Competition authorities yesterday demanded miner Anglo American and cement maker Lafarge sell “a significant portfolio” of assets to approve a planned tie-up of their UK building materials businesses.
EnerMech unveils £40m plan to expand US operations
ABERDEEN-based engineering group EnerMech is launching a £40 million expansion in the US involving both organic growth and takeovers..
M Squared wins £3.85m funding for lasers that detect terrorist threat
A TECHNOLOGY company that makes lasers capable of detecting terrorist threats has secured almost £4 million in funding as it seeks to ramp up its research and development programme.
M Squared Lasers secures £3.85m growth funding
The Business Growth Fund (BGF) today unveiled its second investment in Scotland with an injection of £3.85 million of growth capital into Glasgow-based technology firm M Squared Lasers.
Cement sell-off to aid competition
Two major construction materials firms have been told to sell plants and quarries across the UK before merging, to allay competition fears.
City Site into administration
City Site Estates, the Glasgow-based firm run by property grandee Louis Goodman, yesterday collapsed into administration as the high debts run up by commercial property players continue to rock the sector.
Mactaggart & Mickel in £1.1m deal
A CONSTRUCTION company that is building the athletes’ village for Glasgow’s 2014 Commonwealth Games will today unveil a £1.1 million deal to erect homes for former members of the armed forces.
Employees take over at Stewart-Buchanan
SPECIALIST manufacturer, Stewart-Buchanan group, has become an employee owned business in a move that safeguards 150 jobs.
Kier acquires Milne assets
Stewart Milne, the Aberdeen company, has confirmed the sale of some of its construction assets to Kier for £1 million.
Europe drives Ford profit dip
WEAK car sales in Europe have contributed to a fall in first-quarter profits at Ford, but the figures came in above analysts’ expectations thanks to strong results in North America.
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Family mourn death of Glasgow ‘fight’ schoolboy
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
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Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 11 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
