Scottish Business Briefing - Tuesday 31 January, 2012
ENERGY & UTILITIES
Cairn plans talks with investors over new pay-out for Gammell
THE board of oil explorer Cairn Energy will go back to its institutional shareholders with new pay proposals for chairman Sir Bill Gammell after the firm yesterday pulled a vote proposing to give him a £2.5 million bonus (Scotsman).
Scheme to help small firms win offshore turbine work
Advertisement
Hide AdAdvertisement
Hide AdSCOTTISH Enterprise will today unveil a scheme to help small companies grab a slice of the £7 billion offshore wind industry (Scotsman).
BANKING
Ratings agency downgrade fear for Clydesdale
GLASGOW-based Clydesdale Bank’s credit rating is under threat after Fitch Ratings warned it is considering downgrading parent company National Australia Bank (NAB) and three other leading Australian institutions (Herald).
MEDIA & LEISURE
Package deals boost Sky profits
BSkyB profits have increased due to sales of broadband, telephone and TV packages to its existing customers. The firm reported a 27% rise in pre-tax profit to £597m for the last six months of 2011, compared with the same period in 2010 (BBC).
TECHNOLOGY
LUX predicts £100,000 sales from oil-testing product
A TECHNOLOGY business is forecasting £100,000 of sales from its first commercial oil and gas product. LUX Assure has designed the OMMICA system to detect the concentration of methanol or monoethylene glycol (MEG) in oil and water (Herald).
Failed SEP bid for IndigoVision ‘close to 400p’
SCOTTISH Equity Partners is believed to have offered close to 400p a share to take control of technology company IndigoVision, The Scotsman has learned (Scotsman).