Scottish Business Briefing – Tuesday 24 April, 2012
TRANSPORT
Gatwick owner wins £807m auction for Edinburgh airport
THE owner of Gatwick is to acquire Edinburgh airport and has raised the prospect of more direct flight connections with overseas destinations. (Scotsman)
Stagecoach rail business remains on track
TRANSPORT group Stagecoach yesterday assured investors that all of its wholly owned units would at least maintain their level of profitability for the current financial year, despite a slowdown in UK sales growth. (Scotsman)
ENERGY & UTILITIES
Energy service firm plans to expand north-east workforce
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Hide AdEnergy service firm 3sun Group said yesterday it planned to expand its north-east workforce to meet increasing demand for its services. (Press and Journal)
MEDIA & LEISURE
Management buyout saves Dunfermline Press group
The troubled newspaper group Dunfermline Press, publisher of the Greenock Telegraph and Helensburgh Advertiser, has been rescued after its management bought the company out of receivership for an undisclosed sum.
(Scotsman)
RETAIL
Primark owner AB Foods sees profits rise
Associated British Foods has announced a 3% rise in half-year profits thanks to strong performances from its Primark retail chain and its sugar business. (BBC)
TECHNOLOGY
Drug firm’s £12.4m plant expansion as US giant opts for Scotland
A SCOTTISH biotech facility has beaten off competition from sites in China and the US to secure a $20 million (£12.4m) investment to expand manufacturing. (Scotsman)