Scottish Business Briefing - Friday 6 July, 2012
INSURANCE
Aviva unveils blueprint for restructure after rebels oust Andrew Moss
INSURANCE giant Aviva’s executive chairman John McFarlane today unveiled a major restructuring which will see 16 business units put up for sale (Scotsman).
ENERGY & UTILITIES
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Hide AdNorth Sea production falls – and looks set to continue its decline
THE North Sea oil and gas industry was last year hit by its biggest ever fall in production with another slide in output forecast for 2012 (Scotsman)
FOOD, DRINK & AGRICULTURE
Scottish & Newcastle pensioners hail move to improve protection
THOUSANDS of pensioners from the former Scottish & Newcastle Breweries believe their campaign against current owner Heineken has been boosted by a City Takeover Panel move to improve protection for pension funds during takeover bids (Scotsman).
INDUSTRY
Vion could close Hall’s of Broxburn pork plant with loss of 1,700 jobs
Dutch food company Vion has warned that it could be forced to close its West Lothian plant, with the loss of 1,700 jobs (BBC).
e-BUSINESS
US loves Cupid as revenues increase
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Hide AdONLINE dating company Cupid is predicting another year of major growth after announcing that revenues in all of its territories have increased (Herald).
TRANSPORT
Lomond Audi dealership sold to national giant Lookers for £15m
Hugh McMahon, the former mechanic who founded Scottish Audi dealer Lomond Motors 14 years ago, has sold the business for £15 million to national operator Lookers (Scotsman).