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
Signing of Bentley field contracts fails to Xcite the markets
ONE of the largest undeveloped fields in the North Sea moved a step closer to production on Tuesday after Aberdeen-based Xcite Energy signed contracts to store oil from its test well on the site (Scotsman).
Energy regulator criticised over £3.5million ‘penalty’
The boss of Scottish wave energy firm Aquamarine Power has criticised Ofgem for measures which will cost it millions of pounds for a huge Western Isles project (P&J).
FOOD, DRINK & AGRICULTURE
Lees Foods buy-out referred to Takeover Panel over broker fees
Shareholders campaigning against the proposed management buy-out of Lees Foods have referred the company to the Takeover Panel over fees offered to the broker recommending the £5.6 million deal (Scotsman).
Unpaid bills blamed for builder’s fall
The Highland construction company UBC Group yesterday blamed its fall into the hands of administrators on customers not paying their bills, as 277 jobs were put at risk (Scotsman).
Exiting chairman’s high hopes for Macfarlane
THE outgoing chairman of Macfarlane Group believes he is leaving a business which has rebuilt its reputation and regained the confidence of its customers and employees (Herald).
Sainsbury’s hails ‘good sales and profits’
Supermarket group Sainsbury’s has reported an increase in sales and market share but a small dip in profits in what it described as a “good year” (BBC)