Company News

  • Parkmead in £14.5m Lochard Energy deal
    24 May 2013

    TOM Cross has made his biggest move yet in his attempt to build another major North Sea firm by agreeing the £14.5 million takeover of Lochard Energy by the Parkmead Group he runs.

  • Transport links are the key to continued prosperity
    24 May 2013

    ANYONE who followed the long fight over the proposed bypass in Aberdeen might have been forgiven for pinching themselves at the news the other day.

  • Banks to take £18m fees from FirstGroup shares bid
    24 May 2013

    The prospectus for the rights issue, required to ensure that FirstGroup retains its investment grade credit status, confirmed that FirstGroup will face £30m of costs, charges and expenses, including estimated total underwriting commission of a £18.4m.

  • Britvic and AG Barr merger 'makes strategic sense'
    24 May 2013

    IT still makes "commercial and strategic sense" for soft drinks company Britvic to merge with Irn-Bru maker AG Barr, according to a leading analyst, despite the Hertfordshire company's move to distance itself from a deal.

  • Lloyds Banking Group to be boosted by wealth manager sale
    24 May 2013

    Lloyds Banking Group will boost its closely watched Tier 1 capital ratio by another 0.16 percentage points with the sale of a 15% stake in wealth manager St James's Place.

  • Bridge in market to buy after production surge
    24 May 2013

    NORTH Sea-focused Bridge Energy is in the market for more acquisitions after increasing production by 27% in the first quarter.

  • Plexus lands £1m contract
    24 May 2013

    PLEXUS Holdings, the Scottish oil and gas well technology firm, has won a £1 million order from Gaz de France for kit that it will use in its North Sea exploration and production work.

  • Britvic hints at move away from Barr union
    23 May 2013

    ANY attempt by Irn-Bru owner AG Barr to rekindle its planned reverse takeover of rival Britvic will be on much less favourable terms, if it happens at all, the England-based company has signalled.

  • Standard Life to pay rebate tax on behalf of clients
    23 May 2013

    Standard Life has surprised rivals in the fund industry by promising to pay an income tax liability due from investors directly to HM Revenue & Customs on their behalf.

  • SSE in legal bid over Glendoe hydro scheme
    23 May 2013

    PERTH-based energy giant SSE has launched a claim likely to total tens of millions of pounds against German construction company Hochtief regarding a rockfall that halted generation at its Glendoe hydroelectric scheme near Loch Ness for three years.

  • RBS and Lloyds allowed to bolster their capital positions
    23 May 2013

    The new banking regulator has given Lloyds Banking Group and Royal Bank of Scotland (RBS) the green light to bolster their capital positions without asking shareholders, investors or the taxpayer for more cash.

  • Morrisons shares fall after Walter Scott sells off stake
    23 May 2013

    Supermarket group Morrisons saw its shares slide 2.3% after Edinburgh-based fund manager Walter Scott, which owned 4% of the group, offloaded its 100m shares.

  • Thomas Taylor to expand overseas
    23 May 2013

    THOMAS Taylor, the Glasgow-based lawn bowls supplier and manufacturer, is gearing up to expand sales overseas after securing a new funding package from Bank of Scotland.