SCOTTISHPOWER’s Spanish owner this week underlined its faith in the potential to develop more North Sea renewable energy assets after clinching a deal to sell a stake in a giant windfarm that values the facility at £4.1 billion.

Iberdrola agreed to sell a 40 per cent interest in the East Anglia One development to Macquarie investment bank for £1.6bn. The 714 megawatt windfarm will be one of the biggest in the world when it is commissioned next year. It is expected to generate enough electricity to power 600,000 homes.

Airline easyJet revealed plans to create 50 jobs at Glasgow Airport by adding a fifth aircraft to its base at the hub.

The company said the addition of a fifth Airbus 320 to the base, which Luton-based easyJet announced alongside a new route between Glasgow and Birmingham, will create openings for flight, cabin and ground crew.

In this week's SME Focus, a Finnieston technology entrepreneur raised concerns over the impact of Brexit on funding for start-ups.

Dane Ralston, of iOPt, says: "I hope that the Westminster and Scottish governments have a contingency plan in place once Britain leaves the EU."

Sterling remained on the ropes this week, having sunk further against the dollar and euro, as fears of a no-deal Brexit dominated.

The pound sank to about $1.2013 at one stage – a fresh 31-month low against the greenback. Sterling also tumbled against the euro.

In the Monday Interview, Simon Cotton says the marriage between Mongolia and Multrees Walk - the Edinburgh avenue where Harvey Nichols and Louis Vuitton are neighbours - has to be sustainable.

The chief executive of the luxury knitwear firm Johnstons of Elgin - which has just opened a flagship store in the Scottish capital’s exclusive shopping precinct - has set up a critical link between its mills and the cashmere farmers of Mongolia who supply the raw materials for their products that are sold under their own brand and for names like Burberry, another Multrees neighbour.