Scottish business wire: McGill's | London & Scottish | Laird
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Greenock-based McGill’s Buses has accelerated profit and turnover in its latest annual results, saying this came despite challenges including bad weather denting passenger numbers. Pre-tax profit grew 12.5 per cent to £3.6 million for the year ending 27 December, 2015 while sales jumped £3m to £38.3m. McGill’s directors said the results were achieved against a difficult backdrop, with congestion on the road network also among hurdles.
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Hide AdProperty firm London & Scottish Developments is on course to deliver 2,000 jobs across Scotland through the revamp of 14 former Tesco sites it bought last year. Bryan Wilson, development director, said the company is breathing new life into ten dormant properties it bought from the retailer and letting them to new occupiers including Aldi, Lidl, Home Bargains and M&S.
Shares in Laird Group collapsed to nearly half their value yesterday after the maker of iPhone components warned of a sharp fall in annual profits amid “unprecedented” pricing pressures in the smartphone market. The business, which specialises in connectivity and electronic component protection, and is quoted in the FTSE 250 index, said an expected rebound in phone production failed to materialise in the third quarter.
There was little in the latest data showing a rise in UK unemployment to suggest it was “any sort of post-Brexit portent of worse economic news in the pipeline” writes Martin Flanagan. “Just as one swallow doesn’t make a summer, what has become the rarity of rising unemployment doesn’t necessarily foreshadow tougher economic times.”
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Industry: Travel software
Amount of investment: £5,300,000
Investors: YFM Equity Partners
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Industry: Healthcare technology
Amount of investment: £2,000,000
Investors: Par Equity and private investors
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Industry: Customer loyalty
Amount of investment: £2,000,000
Investors: Undisclosed
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Industry: Microchip testing
Amount of investment: £630,000
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Industry: Software
Amount of investment: £3,600,000
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Industry: Infrared sensors
Amount of investment: £1,800,000
Investors: Robert Bosch Venture Capital, Scottish Investment Bank, Seraphim Capital, Siemens Technology Accelerator and London Business Angels
RECENT GRANTS
Company: Collagen Solutions, Glasgow
Industry: Life sciences
Grant awarded: €500,000 (£450,000)
Type of grant: EU Horizon 2020
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Type of grant: Scottish Enterprise R&D
Company: Stream Technologies, Glasgow
Industry: Internet of things
Grant awarded: £200,000
Type of grant: Scottish Enterprise RSA