Business news in brief: BAA | Aurora | Barclays | Alauna

Published on 16/10/2012 00:00

Airport operator BAA is to change its name after nearly 50 years. The company, formerly called British Airports Authority, will operate using the individual names of its four remaining UK airports.

In existence since 1965, the company was ordered by the Competition Commission to sell Gatwick, Stansted and either Glasgow or Edinburgh.

It had since sold Gatwick and Edinburgh and, after long legal battles, is now in the process of selling Stansted.

This leaves the Spanish-owned company with four UK airports – Aberdeen, Glasgow, Heathrow and Southampton.

Aurora unveils site of new headquarters

Luxury hotel group Aurora is to open a purpose-built head office on the edge of the Glenbervie House Estate near Larbert, employing 30 staff.

The office, which will be called The Hub, will house the executive team and a range of functions for the group whose estate now spans eight establishments across central Scotland.

Scottish growth firms ahead of UK

RESEARCH from Barclays has revealed that the average profitability of 470 Scottish growth companies reached £2.58 million, higher than the UK average of £1.7m and the second most-profitable region in the UK after London.

The Barclays Entrepreneurs Index also showed that Scotland has the highest number of female owners of growing companies in which the shareholding has changed.

Alauna in line to win recycling contract

Alauna Renewable Energy has been named preferred bidder by the City of Edinburgh and Midlothian councils to design, build, finance and operate an anaerobic digestion facility as part of the Zero Waste: Edinburgh and Midlothian Project. The facility – expected to be operational in 2015 – will recycle up to 30,000 tonnes a year of discarded food collected by the councils.