Employee-owned paper maker and coatings firm Tullis Russell has appointed a former Tibbett & Britten chief executive, Mike Arrowsmith, as a non-executive director.
The Markinch-based group said Arrowsmith will support its drive for growth in domestic and international markets and added that his appointment showed “confidence in the future shape and direction of the business, despite current difficult market conditions”.
Fred Bowden, chairman, said: “We have a clear strategy for future growth and this appointment is a key part of that.”
Findel gets green light for Lloyds deal
Shareholders in Findel, the home shopping and educational supplies firm, have approved the £24 million sale of its NRS healthcare division to LDC, the private equity arm of Lloyds Banking Group.
The Cheshire-based group, which owns the Kleeneze door-to-door homewares business and a range of school supplies brands, also said its financial position continued to improve, with net debt lower than last year’s £230.7 million figure and trading for the year to 29 March in line with expectations.
Findel is due to announce its full-year results on 5 June.
Microsoft sells IPTV division to Ericsson
Swedish telecoms equipment maker Ericsson has struck a deal to buy Microsoft’s internet protocol television (IPTV) business for an undisclosed sum.
Mediaroom is used by more than 40 providers around the world to deliver content to internet-connected devices, such as smartphones and tablets, in about 11 million subscriber households. Microsoft said it wanted to focus its IPTV efforts on its Xbox game console.
Ericsson said the deal would make it the largest provider in the global IPTV market, which it forecast would be worth
$45 billion (£29.4bn) by 2015.
BBC Scotland signs £1m software deal
Broadcasting software firm Scisys has won a contract to upgrade the radio production system at BBC Scotland.
Under the project, valued at more than £1 million, the group will replace its current systems with next-generation Windows-based software. Work will begin immediately in Edinburgh and Pacific Quay in Glasgow, before extending to nine regional sites, and the project is expected to be completed in 2015.
Chief executive David Jones said: “This is a key contract win and underlines the strength of the relationship established between Scisys and the BBC.”