Scottish Business Briefing - Monday 5 March, 2012
ECONOMICS
Archangels keeps its place at the head of the pack with £8.75m investment
Investment syndicate Archangels has maintained its position as Scotland’s largest provider of business angel funding, despite last year’s £8.75 million total being below average (Scotsman).
Oil and gas sector could heat up takeover activity
Advertisement
Hide AdAdvertisement
Hide AdMid-market takeover activity in Scotland was flat last year but could take off thanks to the buoyant oil and gas industry (Scotsman).
BANKING
Scot FX aims to beat banks on currencies
A NEW Scottish foreign exchange business is planning to build a significant high street presence before the end of the year (http://www.heraldscotland.com/business/markets-economy/scot-fx-aims-to-beat-banks-on-currencies.16876809|Herald|Herald}).
FOOD, DRINK & AGRICULTURE
BenRiach chief toasts £27m bank deal that will support expansion
INDEPENDENT whisky company BenRiach is to “consider further acquisitions” after it agreed a £27 million lending facility with Royal Bank of Scotland (http://www.scotsman.com/business/benriach_chief_toasts_27m_bank_deal_that_will_support_expansion_1_2153345
|Scotsman|Scotsman}).
INDUSTRY
‘Scotland can deliver steel for crossing’ – union chief
A THIRD of the steel for the new Forth crossing could come from Scotland, a trade union chief has said. Michael Leahy, general secretary of the Community union, said all the steel for the bridge could come from within the UK and he attacked the decision to award contacts to companies overseas (Scotsman).
Lift firm Consult set to expand across UK
One of Scotland’s largest lift and escalator companies has said it plans to triple turnover over the next three years by expanding its operations across the UK. Consult Lift Services aims to take its business into the north east of Scotland and the south of England (BBC).