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
BP’s sell-off continues as it off-loads £179m North Sea assets
OIL major BP is selling its stakes in two North Sea fields for $280 million (£179m) as it picks up the bill for the Gulf of Mexico disaster (Scotsman).
FOOD, DRINK & AGRICULTURE
Lees Foods deal can go ahead after legal ruling
DIRECTORS of Lees Foods have cleared the final hurdle in the way of completing a controversial £5.6 million management buyout of the macaroon-maker. Led by chief executive Clive Miquel, the directors won sanction from the Court of Session in Edinburgh for a scheme to take the company private (Herald)
Barr extends Rockstar franchise with 15-year contract
Irn-Bru maker AG Barr has extended its franchise deal to sell a US energy drink brand in the UK and Ireland. The new 15-year agreement between the Scots firm and Rockstar extends a partnership between the pair which has been in place since 2007 (Scotsman).
Organic brewer in toast to deal in Japan
CRAFT beer maker Black Isle Brewing Co has sealed its first export deal to Japan and secured a further listing in Sweden. An initial batch of organic Scottish beer, around 38,000 bottles featuring a variety of tipples from the Munlochy brewery, is being shipped in a container to a Japanese distributor called Liquor Land (Herald).
Creative industries told they ‘must be ahead of the game’ on tax discussions
Scotland’s creative industries were today urged to make their voices heard and respond to a Treasury consultation on future tax breaks. Dougy Agnew of Henderson Loggie, said tax relief for the movie industry had led to increased investment in British cinema, and he was keen to see Scotland’s animators and video game creators reap similar benefits (Scotsman).
Buses are the bedrock says Stagecoach as rail profits dip
BUSES remained the “spine” of the Perth-based Stagecoach transport group, founder chief executive Sir Brian Souter claimed on Tuesday, as a £25 million loss at the group’s East Midlands Trains business saw annual profits edge down (http://www.scotsman.com/business/transport/buses-are-the-bedrock-says-stagecoach-as-rail-profits-dip-1-2375752|Scotsman|Scotsman}).