Scottish Business Briefing - Tuesday 24 January, 2012
ENERGY & UTILITIES
Cairn signs £100m StatOil deal to confirm optimism in Greenland
CAIRN Energy, the Edinburgh-based oil explorer, is in talks to sell further stakes in its Greenland exploration fields after yesterday signing an estimated $160 million (£103m) deal with StatOil, Norway’s state energy firm (Scotsman).
Solar power boom helps energy firm to expand
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Hide AdA RENEWABLE energy company is opening several new offices and predicting a trebling of turnover despite uncertainty over cuts to feed-in-tariff (FiT) payments. Absolute Solar and Wind is seeing huge interest from people looking to install photovoltaic panels (Herald).
FOOD, DRINK & AGRICULTURE
Whisky company eyes Easter Ross expansion
Scotch whisky firm Whyte and Mackay (W&M) confirmed yesterday it was considering investing in two of its distilleries. It is understood one of the sites earmarked for expansion is the distiller’s Invergordon plant in Easter Ross (P&J).
INDUSTRY
Tods Murray in takeover of rival Fyfe Ireland
MERGER activity in the Scottish legal sector continued yesterday with Edinburgh-based mid-tier practice Tods Murray taking over smaller rival Fyfe Ireland (Scotsaman).
MEDIA & LEISURE
Boutique hotel chain moving into Dundee
BOUTIQUE HOTEL chain Malmaison has confirmed that it is to open a fourth site in Scotland in a move that forms a key part of the £1 billion transformation of Dundee’s waterfront (Scotsman).
TECHNOLOGY
Brightsolid plans fresh impetus for £25m Friends Reunited
INTERNET pioneer Chris van der Kuyl, chief executive of Brightsolid, is to build closer links between the company’s range of family history websites and social network Friends Reunited, bought from broadcaster ITV for £25 million (Scotsman)