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.
ENERGY & UTILITIES
Staff pick up £90m windfall after Wood Mackenzie seals £1.1bn takeover
WOOD Mackenzie, the Edinburgh-based energy, mining and metals research group, has changed hands in a £1.1 billion deal that will trigger multi-million pound windfalls for its top management (Scotsman).
Aberdeen boost as Wood Group creates 150 oilfield services jobs
ENERGY services heavyweight Wood Group is creating 150 jobs at its Production Services Network (PSN) division in Aberdeen as it gears up to grab a share of the £30 billion oil and gas decommissioning market (Scotsman).
BANKING & INVESTMENTS
Aberdeen Asset Management opens New York office
Aberdeen Asset Management is opening an office in New York this month as it steps up a push to expand its US client base alongside a drive into the UK retail market (Herald).
UK construction gloom adds to pressure on Bank to restart QE
BRITAIN’S construction sector has dealt another blow to hopes of a swift return to economic growth, as the latest purchasing managers’ index (PMI) reveals activity fell sharply in June (Scotsman).
FOOD, DRINK & AGRICULTURE
Far Eastern delight allows distiller to weather eurozone sales slump
Famous Grouse maker Edrington yesterday revealed that the benefits of soaring demand for Scotch in emerging markets were nearly wiped out by falling sales in Greece, Portugal and Spain as the eurozone debt crisis squeezed consumer spending (Scotsman).
Troubled heart valve firm AorTech for sale
AORTECH, the heart valve developer that once employed 200 people in Lanarkshire, has put itself up for sale after admitting it is running out of cash (Herald).