Scottish Business Briefing - Tuesday 17 January, 2012
ENERGY & UTILITIES
Baxi launches second swoop with £4.5m Camco deal
Baxi Partnership, the Fife-based investment firm spun out from the eponymous boiler maker, yesterday pushed into the renewable energy market by buying an Aim-quoted advisory business for £4.5 million (Scotsman).
INDUSTRY
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Hide AdWebster sees two firms go bust in move that threatens 230 jobs
TWO businesses owned by Scots entrepreneur Kenny Webster – soft drinks maker Sangs and petrol station operator Calanike Retailing – have gone bust, throwing doubt over 230 jobs (Scotsman).
MEDIA & LEISURE
PSP eyes expansion with £300,000 funding deal
A publishing company is planning to expand its events arm after securing a £300,000 funding package from Clydesdale Bank. PSP Publishing, which has lifestyle magazine No.1 and golf title Bunkered in its stable, is aiming to double turnover to £8 million by 2014 (Herald).
RETAIL
Currys and PC World owner Dixons sees sales fall 5%
The owner of Currys and PC World, Dixons Retail, has reported a drop in sales over Christmas. In a trading update, the firm said like-for-like sales fell 5% in the 12 weeks to 7 January, with consumer confidence remaining “fragile” (BBC).
Thousands of posts at risk as major high street names go to the wall
THOUSANDS of jobs have been put at risk after the popular high street clothing stores Peacocks and Bonmarché and the gift shop chain Past Times announced that they are to go into administration (Scotsman).
TRANSPORT
RBS aviation division sale deal is struck
Royal Bank of Scotland has announced the sale of its aircraft leasing business to one of Japan’s biggest banks for £4.7 billion (Scotsman).