Scottish Business Briefing - Wednesday 23 May, 2012
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
Scots-based energy firms’ $1bn deals with Norway and Malaysia
TWO energy services companies with major operations in Scotland yesterday notched up international contracts worth nearly $1 billion (£630 million) (Scotsman).
Record level of applications to drill for oil and gas in North sea
There has been a record number of applications from companies looking to explore and develop in the North Sea. The latest licensing round for oil and gas drilling has seen a total of 224 applications submitted (BBC).
Wind farm that enraged Trump is vital for Scotland, says expert
SCOTLAND’S foremost energy economist will today tell delegates at the opening session of an “All Energy” conference in Aberdeen that plans for a controversial demonstrator wind farm in Aberdeen Bay could enable Scotland to take a global lead in the development of offshore wind energy (Scotsman).
FOOD, DRINK & AGRICULTURE
Dairy chiefs welcome merger between Arla and Milk Link
THE merger deal between Arla and Milk Link setting up the largest single dairy company in the country was welcomed yesterday by farming leaders (Scotsman).
Lees Foods directors’ buy-out bid approved
THE directors of Lees Foods have won shareholder approval for their controversial buy-out bid for the company, although a sizeable minority of shareholders opposed their attempt to take the confectionery maker off the stock market (Herald).
Management team buys roofing unit from UBC
THE management team from Wyvis Roofing have saved 30 jobs from the collapsed UBC construction group of companies. Ian and Willie Sharp have bought the roofing division, which was profitable, from administrators at Zolfo Cooper for an undisclosed sum (Herald).
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