Scottish Business Briefing - Wednesday 18 April, 2012

Rupert Soames has sold �7�million in Aggreko shares
Rupert Soames has sold �7�million in Aggreko shares
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WELCOME to’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.


Scotgold bullish over funding for gold mine

CHRIS Sangster, chief executive of Scotgold Resources, said yesterday that the miner was confident of securing the necessary £22 million of financing to begin drilling for gold and silver at its Cononish mine (Scotsman).

Pensions race against time for Scotland’s offshore oil and gas firms

SCOTLAND’s oil and gas companies are in a costly race against time to enrol workers automatically into a new generation of pension schemes after an exemption given to them was controversially scrapped by the government (Scotsman).

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Soames cashes in £7m of Aggreko shares

AGGREKO chief executive Rupert Soames has sold £7 million of shares in the Glasgow-based temporary power company after netting a bumper payout from an incentive plan (Herald).

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Warm March gives sales boost to Scottish retailers

WARM weather in March pushed Scottish retail sales 1.8 per cent higher this year compared with 12 months earlier in the first positive sales figures since Christmas and the best overall results for nearly a year (Scotsman).

Tesco unveils profits rise and £1bn investment in UK

Tesco will invest £1bn in its UK business this year in an attempt to revive its flagging domestic operation (BBC).

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Angel wins American life sciences contract

LIFE sciences firm Angel Biotechnology has secured an £800,000 contract with US drugs developer TransGenRx as the Edinburgh-based firm continues to expand its newly-reopened facility near Newcastle (Scotsman).

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