Scottish Business Briefing – Tuesday 19 June, 2012
INDUSTRY
Melrose set for major deal with $2.3bn bid for German Elster Group
Industrial buyout specialist Melrose yesterday revealed it is in talks to acquire German utility meter maker Elster Group in a deal worth $2.3 billion (£1.47bn).
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Hide AdBusinesses urged to invest in £1bn Dundee waterfront project
Leading Scottish businesses are being encouraged to invest in the £1bn redevelopment of Dundee’s waterfront. The 30-year regeneration project is the second biggest of its kind in Scotland.
ENERGY & UTILITIES
Enerco creates over 30 jobs
A Scottish investment company set up in 2010 to encourage the next generation of oil and gas entrepreneurs said yesterday it had created more than 30 jobs to date.
FOOD, DRINK & AGRICULTURE
Brewer’s Best way to build a greener future
TENNENT Caledonian is launching a £58,000 fund to invest in new brewing and farming projects in Scotland. The brewer pledged to put five pence from each pint of Caledonia Best it sold during the first six months the product was on offer into the fund.
TECHNOLOGY
Big bonuses for directors after Iomart profits rise
DIRECTORS at Glasgow-based technology company Iomart received bumper bonuses after delivering strong gains in sales and profits last year.
TRANSPORT
Passenger numbers soar at HIAL airports
New international links, increased tourism and industrial activity are behind increasing passenger numbers using airports operated by Highlands and Islands Airports Ltd (HIAL). Last month’s figures were 7.8% up on May of last year.