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Scottish Business Briefing – Tuesday 24 April, 2012

The popularity of Primark helped its owner to a strong showing. Picture: Greg Macvean

The popularity of Primark helped its owner to a strong showing. Picture: Greg Macvean

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.

TRANSPORT

Gatwick owner wins £807m auction for Edinburgh airport

THE owner of Gatwick is to acquire Edinburgh airport and has raised the prospect of more direct flight connections with overseas destinations. (Scotsman)

Stagecoach rail business remains on track

TRANSPORT group Stagecoach yesterday assured investors that all of its wholly owned units would at least maintain their level of profitability for the current financial year, despite a slowdown in UK sales growth. (Scotsman)

Read all today’s transport news from scotsman.com

ENERGY & UTILITIES

Energy service firm plans to expand north-east workforce

Energy service firm 3sun Group said yesterday it planned to expand its north-east workforce to meet increasing demand for its services. (Press and Journal)

Read all today’s energy and utilities news from scotsman.com

MEDIA & LEISURE

Management buyout saves Dunfermline Press group

The troubled newspaper group Dunfermline Press, publisher of the Greenock Telegraph and Helensburgh Advertiser, has been rescued after its management bought the company out of receivership for an undisclosed sum.

(Scotsman)

Read all today’s media and leisure news from scotsman.com

RETAIL

Primark owner AB Foods sees profits rise

Associated British Foods has announced a 3% rise in half-year profits thanks to strong performances from its Primark retail chain and its sugar business. (BBC)

<a href=”http://www.scotsman.com/business/retail”> Read all today’s retail news from scotsman.com</a>

TECHNOLOGY

Drug firm’s £12.4m plant expansion as US giant opts for Scotland

A SCOTTISH biotech facility has beaten off competition from sites in China and the US to secure a $20 million (£12.4m) investment to expand manufacturing. (Scotsman)

Read all today’s technology news from scotsman.com

 

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