Scottish Business Briefing - Thursday 15 March, 2012
ENERGY & UTILITIES
Scottish oil and gas firms to win funding
TEN companies in the oil and gas industry stand to pocket funding from the Business Growth Fund (BGF), which yesterday unveiled its first investment in Scotland (Scotsman).
Intertek on board for wave models
SCOTTISHPOWER Renewables has hired a marine consultancy firm to help it run the rule over potential sites for wave and tidal power devices (SCotsman).
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Miller counts on steady growth as UK housing market recovers
MILLER Group’s housing division has edged back into profit for the first time since the sector collapse of 2008, with chief executive Keith Miller predicting further steady progress as market conditions improve (Scotsman).
RETAIL
Argos says sales fell 7.7% in its latest trading update
Weak demand for electronics has been blamed for another fall in sales at retailer Argos. For the eight weeks to 25 February, the company’s owner, Home Retail Group (HRG), said sales fell 7.7% to £480m (BBC).
TECHNOLOGY
IndigoVision raises divi by 25% after record operating profits
CCTV systems specialist IndigoVision has hiked its interim dividend by 25 per cent after the Edinburgh company’s revamped management team produced record operating profits (Scotsman).
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TRANSPORT
Global giant Protravel seals Scotia takeover
ONE of Scotland’s oldest holiday companies has been snapped up by a US travel management firm. The UK subsidiary of Protravel International paid an undisclosed sum for Glasgow-based cruise and golf holiday specialist Scotia Travel (Herald).