DCSIMG

Business briefs: Glenmorangie | Currie | Lloyds

GLENMORANGIE – Managing director Paul Skipworth has taken a “leave of absence for personal reasons” from the whisky maker. Marc Hoellinger, marketing strategy director for French parent group Louis Vuitton Moët Hennessy’s wine and spirits division, has taken over until Skipworth returns.

• Currie – Profits at the Dumfries–based haulage firm, halved in 2012 to £423,107 after the firm came up against “continuing challenges” in the transport market, while turnover was flat at £46 million, according to accounts filed at Companies House.

• Breedon Aggregates – The Office of Fair Trading has referred Breedon Aggregates’ £34m acquisition of a range of Scottish assets from Aggregate Industries to the Competition Commission, citing concerns that customers in the north of Scotland may face higher prices for building materials.

• Fraser Hart – The Glasgow–based jewellery chain, said a dip in full–year profits of just 8 per cent to £3.4m was “encouraging” given “difficult economic conditions”, with turnover rising to £69m from £65m, according to accounts filed at Companies House.

• Lloyds Banking Group – The lender sold a portfolio of European commercial property loans for £263m to private equity firm Cerberus. The assets were worth £371m.

 

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