Scottish Business Briefing - Tuesday 10 July, 2012
ENERGY & UTILITIES
Private equity firm pumps $150m into North Sea driller
Private equity firm Riverstone has pumped $150 million (£93m) into Aberdeen-based Fairfield Energy to fund driller in the North Sea and bids for further exploration licences (Scotsman).
Rosebank development in North Sea to create 300 jobs
Oil giant Chevron said yesterday its multibillion-pound North Sea Rosebank development was expected to lead to the creation of 300 jobs out of its Aberdeen base (P&J).
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French drinks giant Rémy linked to £25m move for Islay distillery
A GROUP of whisky investors could be in line for a £25 million pay day after French drinks giant Rémy Cointreau revealed on Monday that it was in “exclusive talks” to take over the Bruichladdich distillery on Islay (Scotsman).
INDUSTRY
Three firms to build homes on former munitions site
DEFENCE giant BAE Systems has signed up three builders for the first phase of its project to turn a former munitions factory near Glasgow into a housing development (Scotsman).
RETAIL
Marks and Spencer reports a fall in sales
Marks and Spencer has reported a drop in sales, after stock issues and the wet weather hit trading in its clothing department (BBC).
Morrisons in talks over Costcutter stores deal
SUPERMARKET chain Morrisons is understood to be in talks over acquiring a significant number of Costcutter stores in a move which would rapidly increase its presence in the convenience store sector (Scotsman).