Scottish Business Briefing - Friday February 17, 2012

ENERGY & UTILITIES

Scottish and Southern Energy’s £800m vision for hydro dam in Great Glen

ENERGY giant Scottish and Southern Energy (SSE) has revealed ambitious plans to build Scotland’s biggest hydro-electric scheme in the heart of the Great Glen (Scotsman).

Read all today’s energy and utilities news from scotsman.com

FOOD, DRINK & AGRICULTURE

Baxters to create 125 jobs as Fray Bentos pie-making moves north

BAXTERS, the soup and sauce maker, will create up to 125 jobs at its Fochabers head office this year when it moves production from its newly acquired Fray Bentos pie business (Scotsman).

Cameron unveils £14.4m Cupar investment in porridge plan

PRIME Minister David Cameron stopped to taste some hot porridge in Fife yesterday as PepsiCo revealed plans to invest £14.4 million in its Quaker Oats factory in Cupar (Scotsman).

Read all today’s food, drink and agriculture news from scotsman.com

INDUSTRY

Jobs axe hangs over Clydeside as BAE’s sales and profits struggle

A POTENTIAL axe still hangs over one of BAE Systems’ three shipyards on Clydeside and Portsmouth after the defence giant yesterday unveiled a 7 per cent fall in annual profits and warned of flat sales in 2012 (Scotsman).

Web-rigging firm lands UAE construction deal

Scottish access solutions business Web Rigging Services has won a six-figure contract to provide equipment for the 65-storey Gate Towers development in Abu Dhabi (Herald).

Weir considers next move in Ludowici bidding war

WEIR Group hit an obstacle in its international expansion drive when a Danish rival upped the ante in the bidding for an Australian mining equipment supplier that both firms are courting (Herald).

Read all today’s industry news from scotsman.com