Weir Group this week highlighted tough trading conditions in US shale markets as it revealed it has cut around 450 jobs in the area recently and warned its oil and gas division’s profits would be lower than expected.

READ MORE: The news in a trading update from the Glasgow-based engineering group provides further evidence of the challenges faced by firms in the oil and gas supply chain amid the recent volatility in crude prices.

Mactaggart & Mickel, the historic Scottish housebuilder, this week hailed its performance amid “unprecedented uncertainty”, as profits fell in its most recent financial year.

READ MORE: The Glasgow-based company delivered a pre-tax profit of £12.1 million in the year ended April 30, down from £14.3m.

Ayrshire-based restaurant and bar operator Buzzworks Holdings, which manages 12 venues and employs more than 500 people, acquired Lucky 7 in Kilmarnock.

READ MORE: The purchase follows hard on the heels of Buzzworks’ acquisition of The Jefferson in Kilmarnock town centre in February.

A £60 million funding package to create a new future for the Michelin tyre factory site in Dundee was unveiled this week - a year after its closure was announced putting 850 jobs at risk.

READ MORE: Dundee City Council, Scottish Enterprise and Michelin have backed the investment by the Scottish Government to turn the site into the Michelin Scotland Innovation Parc (MSIP) over the next 10 years. 

SME Focus: Tip from a stranger helps transform sales outlook for Glasgow digital entrepreneur

Monday Interview: Steve De la Rosa, managing director of energy consultancy Boxfish, which for nearly quarter of a century was Business Cost Consultants, is looking to grow the West End business significantly after a sweeping rebrand.

Ian McConnell: Opposite day as Johnson pledges Brexit ‘hope’ for Scotland​