Business NewsBusiness News
Dawson’s figures fail to impress City
Scottish cashmere and knitwear firm Dawson International revealed a £19.3million shortfall in its pension scheme yesterday as it also reported a near halving of annual profits.
Expro expecting big things from AX-S
A MASSIVE yellow structure near Aberdeen Exhibition and Conference centre is being hailed by international oilfield service firm Expro as one of the most significant and innovative pieces of technology the subsea sector has seen.
Standard beats profit expectations
Scottish insurance giant Standard Life announced better-than-expected annual profits yesterday, together with plans for a further £100million of efficiency savings by 2012.
Scottish hotel sector struggling into 2010
Scotland’s hotel sector had a poorer start to the year than any other part of the UK with both occupancy and rooms’ yield (the industry measure of revenue) down year-on-year in January, according to the latest monthly survey by PKF.
Slump in start-ups north of the border
BUSINESS start-up figures published by the Committee of Scottish Clearing Bankers yesterday showed a 25% year-on-year slump during the final three months of 2009.
Tullow looking to accelerate Uganda projects
Oil and gas operator Tullow Oil said yesterday that in Uganda it was working closely with the government and two potential new partners to accelerate development of three blocks with a discovered resource base of more than 800million barrels of oil.
Another dip in passengers at Aberdeen
THE latest figures revealed by airport operator BAA yesterday showed a 22nd consecutive month of year-on-year decline in passengers at Aberdeen.
Global Energy confirmed as rescuer of Sovereign units
About 400 Scottish jobs were saved yesterday with the sale of the fabrication division of Sovereign Oilfield Group.
Olympic gold for north-east company
HUNTLY-BASED bathroom-pod manufacturer RB Farquhar has struck Olympic gold.
Weir optimistic in upstream oil and gas sector
Scottish engineer Weir Group said yesterday the immediate outlook for its upstream energy business was brighter than a year ago.
£14m contract awarded for Torry Quay project
ABERDEEN Harbour Board has awarded a £14million contract for the first phase of the Torry Quay redevelopment.
Boss taking Maxoil to the next level
Bosses of Maxoil Solutions see major opportunities around the world for the fast-growing oil and gas consultancy.
Rok repositioned to take advantage of UK recovery
Rok said yesterday it had maintained profit levels last year despite reduced revenue.
Good start to 2010 for both John Menzies’ businesses
John Menzies, the Edinburgh-based newspaper and magazine distributor and aviation-support business, said yesterday that 2010 had started well for both its divisions.
Strong stock market helps cut pension shortfall
The funding shortfall faced by UK pension schemes dived by two-thirds last month on the back of a strong stock market performance, figures showed yesterday.
Former BP boss now part of Lexicon team
INDEPENDENT corporate-finance adviser Lexicon Partners revealed yesterday it was building a team in Aberdeen.
Ferguson Modular appoints division chief
FERGUSON Modular, a supplier and manufacturer of offshore accommodation solutions for the energy industry, has appointed a chief operating officer to lead its accommodation-support vessel division.
Plenty of interest in trip to OTC
MUNRO’S Travel Group, of Aberdeen, was delighted yesterday at the high level of interest in the annual trip to the world’s most important oil and gas show.
Collapsed E-Clear £89million in debt
E-CLEAR – the company linked to the demise of Scottish budget airline Flyglobespan – owed £89million to unsecured creditors after its own collapse, according to the credit-card processor’s former chief executive.
Shanks consigns Carlyle bid to the bin
SHANKS said yesterday it had walked away from takeover talks after rejecting an offer proposal valuing it at £475million.
New innovative imaging kit for Aberdeen
Stage and screen actress Susan Hampshire OBE recently launched a new digital x-ray suite, the first of its kind in the world at Aberdeen University.
