MORE than £328 million was wiped off the market value of Aberdeen-based transport giant FirstGroup as its shares plunged by nearly a third after it asked shareholders for £615m to reduce its debt pile and turn around its bus and rail operations.
THE chief executive of Superglass Holdings, Alex McLeod, said the troubled insulation manufacturer could enjoy a successful future after it won overwhelming backing for a restructuring he described as transformational.
SCOTGOLD has revealed that constructing the processing plant at the Cononish gold mine will take a £9.1 million chunk from the £23.2m it expects to incur in pre-production expenditure at the site in Argyll.
This week's Agenda comes live from the basement of the Berlaymont, the European Commission's Brussels mothership where we have been hearing from the horse's mouth the Eurocrats views on Scottish independence.
A recession-era trend for homeowners to spend money on beautifying their existing property, rather than aspiring to move house, is the basis of the business plan for a newly-launched Borders textile company.
A stand-off over insurance between quango Scottish Water and oil giant BP has seen work on a new £2.65 million water pipeline in Angus aborted, raising the risk that the new infrastructure may never become operational.
A PUBLICLY funded body set up to develop the creative industries in the Highlands and Islands is helping launch the careers of aspiring writers, television producers and filmmakers by landing commissions with the BBC and forging partnerships with independent productions.
GLOBAL Energy Group wants to invest £37 million in extending the quay at the Nigg Energy Park to cater for more oil and gas business as well as position the facility to capture work from the renewable energy industry.
THE prospect of Lloyds Banking Group returning to the private sector moved a step closer when shares edged beyond 61.2p – the level signalled by the UK Government as the break-even point on its investment in the bank.