Business briefs: Iomart | Stoats | Cosalt | Northern Recycling | oil flights

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Web hosting firm Iomart has been named as Europe’s top managed services provider and ranked tenth in the world by technology guide MSPmentor.

Angus MacSween, chief executive of the Glasgow-based company, said: “We have recently invested in further data centre capacity and a super-fast fibre network so we continue to build on that success by providing the best connectivity and support to customers.”

Administrators to delist Cosalt shares

OIL services group Cosalt will leave the stock market today after it confirmed David Kelly and Andrew Ross from accountancy firm PwC had been appointed administrators.

The Scotsman revealed on Saturday that Cosalt’s offshore tool hire and repairs businesses had been sold to private equity firm NBGI, which controls Aberdeen-based equipment rental firm ATR Group. PwC is still trying to sell its Ballyclare workwear division.

Stoats signs deal to supply Asda stores

Porridge maker Stoats has won a deal to supply more than 50 Asda stores across Scotland.

The Edinburgh-based firm said the supermarket group will stock three varieties of porridge pots, made using oats grown and milled in Scotland.

Stoats co-founder Tony Stone said: “Customers are opting to choose locally-produced, traditional products, so it’s great we’ve been able to harness this with Asda’s support.”

Expansion drive for Northern Recycling

Inverness firm Northern Recycling has unveiled plans to create four jobs, taking its headcount to 21, after winning a contract from Highland Council and investing £500,000 in equipment and larger premises.

Managing director Ewan Calder said he recycled more than 1,000 tonnes of paper and cardboard last year, compared with just 30 tonnes three years ago. He added: “Our target for this year is 1,500 tonnes”.

Oil sector boosts northern airports

MORE flights for the oil and gas industry helped Highlands & Islands Airports post a 9.1 per cent rise in passenger numbers during January.

The number of passengers at Wick John O’Groats airport nearly doubled, with Shetland’s Sumburgh airport up 69 per cent and Orkney’s Kirkwall site rising by nearly 16 per cent.

But Campbeltown, Dundee, Inverness, Islay and Tiree all fell following changes to schedules.