Scottish Business Briefing – Wednesday 18 December
MANAGEMENT
Braveheart blames half-year loss on Envestors arm
Investment manager Braveheart today revealed it had fallen into the red during the first half of the year because its former subsidiary Envestors fell victim to poor trading conditions. (Scotsman)
Maven Capital buys £5m R&M stake
MAVEN Capital Partners has bought a controlling stake in the R&M Engineering oil services business from Robbie Mackay in a £5 million deal that shows its faith in the potential of the North Sea market. (Herald)
FOOD, DRINK & AGRICULTURE
Large hill farms could be winners under new CAP
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Hide AdThe first official figures on future area payments likely to be paid to Scottish farmers under the reformed common agricultural policy (CAP) were released yesterday – when the Scottish Government launched its consultation paper on the implementation of Pillar One direct support measures. (Scotsman)
Scotch whisky industry wants alcohol duty escalator scrapped
The Scotch Whisky Association (SWA) has urged the UK government to abolish the automatic annual increase in duty on wines and spirits. (BBC)
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TRANSPORT & INDUSTRY
Fleet business lifts profits at Ogilvie Group
Ogilvie Group’s accelerating vehicle hire and leasing arm once again drove profits in the last financial year as it continued to benefit from high re-sale prices.
(Scotsman)
MEDIA, TECH & LEISURE
Scots drug maker to make cystic fibrosis inhaler
A SPIN-OUT company from the Rowett Institute in Aberdeen has sealed a key deal to develop its cystic fibrosis (CF) medicine to be deliver through an inhaler. (Scotsman)