Scottish Business Briefing – Wednesday 26 June, 2013

Scottish beer company BrewDog raised �1 million towards its latest expansion plans. Picture: Neil Hanna
Scottish beer company BrewDog raised �1 million towards its latest expansion plans. Picture: Neil Hanna
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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.

INSURANCE

Direct Line set to cut 2,000 UK jobs

Direct Line Insurance has said that it is planning to cut 2,000 UK jobs as it steps up plans to reduce costs (BBC).

Read all today’s insurance news from scotsman.com

ENERGY & UTILITIES

Petrofac talks up prospects for growth

ENERGY services group Petrofac yesterday played up its growth prospects and said a key gas project in Algeria would restart shortly though its shares remained under pressure (Scotsman).

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

FOOD, DRINK & AGRICULTURE

BrewDog raises £1m in 24 hours

PUBLICITY-savvy Scottish beer company BrewDog raised £1 million towards its latest expansion plans in the first day of its latest “unconventional” cash call (Scotsman).

Read all today’s food, drink and agriculture news from scotsman.com

INDUSTRY

Wood Group PSN secures £40 million contract extension with ConocoPhillips

ABERDEEN-based Wood Group PSN (WGPSN) has continued its run of contract successes in 2013 after extending its deal to provide operations and maintenance services to ConocoPhillips’ 50 assets in the southern and central North Sea (Scotsman).

Read all today’s industry news from scotsman.com

MANAGEMENT

Genius Foods seals Australian gluten-free bread deal

GENIUS Foods, the Edinburgh-based gluten-free baker, has signed a deal to break into the Australian market, as the firm targets sales of £50 million (Scotsman).

Read all today’s management news from scotsman.com

TRANSPORT

Stagecoach results beat market expectations

Transport giant Stagecoach has delivered better-than-expected annual profits, boosted by strong growth at its rail business (Scotsman).

Read all today’s transport news from scotsman.com

SCOTSMAN CONFERENCE

The Future of the UK Aerospace Industry – 5 September 2013, Prestwick

20% Early bird discount until 12 July

The UK Government signed up to a £2 billion partnership to keep the UK aerospace industry at the forefront of world aerospace manufacturing. Join us and hear the government explain its strategy to secure large numbers of high value jobs. Book your place today.

(The Scotsman Conferences)

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