A hotel company behind major developments at Gatwick Airport and in Birmingham purchased a Glasgow building which formerly housed a Royal Bank of Scotland cash-handling centre.

READ MORE: Bloc Hotels, which described the Dale House site opposite Queen Street Station as a “key gateway location”, aims to create a “high-tech, smart hotel that matches the aspirations of the area”.

Israeli oil firm Delek underlined its readiness to increase investment in the North Sea after completing a $2 billion (£1.6bn) acquisition in the area.

READ MORE: Delek bought the North Sea portfolio amassed by America’s Chevron, which has decided to focus on the shale fields of its home country. The deal, which was agreed in May, forms part of a shakeup in the North Sea that is set to continue as Centrica looks to pull out of the area.

LEGAL FOCUS: JustRight law centre gears up to bring clarity to trans and disability rights

Around 70 people were made redundant after a haulage company went into administration.

READ MORE: Corporate Road Solutions 24:7 Limited, based in Bathgate, West Lothian, had been facing difficulties amid "increasingly challenging market conditions and cost pressures" in recent years. Administrators KPMG were called in on Monday to the firm, which specialised in the transport of goods for large supermarkets and smaller Scottish businesses, mainly across the UK.

An Ayrshire-based manufacturer which owns one of the last remaining foundries in the UK changed hands in a management buyout.

READ MORE: Peter Currie, Brian Taggart, David Armour and Gary Brese formed Precision Tooling & Castings to acquire the business after securing bank funding worth nearly £4.5 million.

IAN MCCONNELL: IT was difficult to know how to feel on hearing that Elon Musk, one of the world’s leading technology entrepreneurs, had cited Brexit as a reason why his pioneering Tesla electric-vehicle business was not setting up in the UK.