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.
ADL strengthens overseas hold by buying Australian coachbuilder
BUS builder Alexander Dennis Ltd (ADL) yesterday accelerated its international expansion strategy by snapping up an Australian firm in an estimated £25 million deal (Scotsman).
Marks and Spencer to launch bank
High Street retailer Marks and Spencer has said it will launch an in-store banking service this summer, backed by HSBC. The first branch is set to open in July at the chain’s flagship store at Marble Arch in London (BBC).
ENERGY & UTILITIES
Talisman deal means big lift for EnerMech
EnerMech, the Aberdeen-based engineering group, yesterday announced its largest contract yet in a deal thought to run into tens of millions of pounds (Scotsman).
Jobs bonanza as Statoil plans to develop fields
A jobs bonanza is in the pipeline thanks to plans by one of the North Sea’s biggest players to invest £18billion in two major projects. Statoil said its huge Mariner and Bressay fields could still be in production 45 years from now (P&J).
Edinburgh-based Logan Energy getting ahead after MBO
DIRECTORS at Edinburgh-based fuel cell supplier Logan Energy have led a management buy-out from their American parent company in order to secure second-round funding (Scotsman).
FOOD, DRINK & AGRICULTURE
BrewDog predicts turnover to double to £12m
FAST-GROWING craft beer firm BrewDog is predicting its turnover will double to £12 million this year through a growth in sales at home and abroad. The brewer is also planning on opening a further three bars, bringing its total estate across the UK to 10 (Herald).