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.
Braveheart ‘on course’ as it focuses on fund management
BRAVEHEART yesterday hailed its transformation from investor to fund manager and said it was looking to gain work with more government-backed funds. The Perth-based group is looking forward to a surge in fee income after taking charge of two government-backed funds worth nearly £100 million earlier this year (Scotsman)
ENERGY & UTILITIES
Shares dip as Petrofac deals delayed but profits soar
OIL services firm Petrofac yesterday reported a better-than-expected 32 per cent hike in first-half profits but its shares fell more than 5 per cent after warning that a number of contracts had been delayed into next year (Scotsman).
Helix Well Ops crewing up after fleet expansion
Aberdeen-based Helix Well Ops said yesterday it would recruit 60 people after adding a third vessel to its fleet. The subsea well-intervention specialist said it needed to take on 50 offshore workers and 10 staff onshore in the coming months after signing a three-year charter for the Skandi Constructor (P&J)
Scottish firms in line for top UK business awards
A NUMBER of Scottish firms have been named as finalists for this year’s National Business Awards. Edinburgh-based video conferencing firm NAC Networkz and Johnstone-based Jenier Teas are contenders for the start-up business of the year (Scotsman).
MEDIA & LEISURE
‘No decision’ on Dandy’s future
The publisher of Britain’s longest running comic has said no decision has been taken on whether it will cease publication. There has been speculation that The Dandy was under threat of closure because of circulation decline. DC Thomson said it was carrying out a review of its magazine business (BBC).
Motorola closures could hit jobs in Scotland
AROUND 250 UK staff at Google’s Motorola Mobility arm, which has a site in Livingston, are facing an uncertain future as the company plans to shut nearly a third of its 94 global offices (Herald).
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Weather for Edinburgh
Saturday 18 May 2013
Temperature: 8 C to 12 C
Wind Speed: 25 mph
Wind direction: East
Temperature: 9 C to 17 C
Wind Speed: 7 mph
Wind direction: North east