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Highlander aims for more of foreign recycling
GUILLOTINES played a key role in French history – and now a paper recycling firm in East Kilbride is using a giant one to grab a larger share of overseas markets, including France.
Profit warning knocks 14% off shares in Croma
SHARES in Croma, the security firm run by former members of the Black Watch, dropped by 14 per cent yesterday after the company issued a profit warning.
Honda’s sales fuel plans to ramp up car production
CAR giant Honda reported a 6 per cent rise in profit in the three months to the end of March and said it expects export-friendly currency moves to make the year ahead even better.
Samsung sales take bite of Apple smartphone market
ELECTRONICS giant Samsung grabbed a bigger share of the lucrative smartphone market from arch rival Apple in the first months of 2013 with quarterly sales of around £19 billion even before the launch of its latest gadget.
Protest vote as shareholders back Aggreko board
RUPERT SOAMES, chief executive of temporary power company Aggreko, easily survived a small protest vote against his re-election to the board at the firm’s annual general meeting yesterday.
Housebuilder says Scottish scheme yet to make mark
Builder Taylor Wimpey has claimed UK government schemes to help homebuyers south of the Border are driving a pick up in activity, but Scotland is lagging behind.
Keith Miller pockets £1.1m as builder back to black
MILLER Group’s chief executive saw his pay packet nearly double last year as the Edinburgh-based builder returned to the black after four years of losses.
Call to cut costs as factory orders continue to fall
BUSINESS leaders yesterday appealed for a government crackdown on costs and red tape as it emerged that Scottish manufacturers had suffered a further fall in orders.
Rolls sells out of helicopter JV for £250m
Rolls Royce has sold its interest in the joint venture that produces engines for the Apache and Merlin helicopters to partner Turbomeca for €293 million (£250m).
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Builders laid off as costs rise and workload falls
ALMOST a third of construction companies have laid off staff since the start of the year as falling workloads and rising costs have forced firms to scale back their operations, according to the Federation of Master Builders (FMB).
Dobson’s fortune shrinks by millions
THE sharp fall in the price of gold has made a multi-million pound dent in the fortunes of a man known as Mr Midas for his investment track record.
Scottish classic car restorer revved up to build
A SELF-CONFESSED petrolhead with a passion for Ford’s iconic Mustang is looking to raise up to £300,000 as he attempts to build Scotland’s only sports car company.
Edinburgh Industrial park gets go–ahead
EDINBURGH’S first speculative industrial development for five years has been given the green light by the city council.
Weir unveils trio of major minerals deals
WEIR Group yesterday unveiled a clutch of deals – including the takeover of an Australian company – aimed at strengthening its position in a £3 billion minerals processing market.
Interbulk plunges after warning of ‘materially’ lower profits
Interbulk, the East Kilbride-based chemicals transportation firm in which Scots tycoon Jim McColl has a stake, warned yesterday that Europe’s worsening economy would hit its first-half profits.
Breedon closes on quarries
Construction materials supplier Breedon Aggregates confirmed yesterday that it is buying four quarries from rival Marshalls, along with the option to develop a fifth site.
Comment: No sign of return to trend growth
NEXT week sees the publication of the latest Scottish gross domestic product (GDP) figures, for the last quarter of 2012. As ever, this data is incredibly dated but at least we will have some hard numbers to play with – Wales and the English regions get no quarterly growth statistics whatsoever.
Breedon agrees £19m quarries deal
Construction materials group Breedon Aggregates today agreed to buy four quarries from rival Marshalls for up to £19 million.
Havelock Europa slashes its losses
SHOPFITTER Havelock Europa has assured investors it is making good progress to recovery as a jump in revenues helped sharply reduce full-year losses.
Breedon aims to build its Scottish team in £34m deal
Construction materials supplier Breedon Aggregates is to build its presence in Scotland through the £34 million acquisition of a range of assets from rival Aggregate Industries.
Hyder says recently-acquired PCS is performing well
Engineering consultant Hyder today said that East Kilbride firm Power Systems PCS, which it agreed to buy for up to £3.5 million in January, is performing well as it integrates into the group.
RMJM makes shortlist for skyscraper in China
THE architecture practice behind the design for the Scottish Parliament has been shortlisted to work on a giant skyscraper in the Chinese city of Shenyang.
Babcock tops up its order book with £1bn of work
Defence and engineering contractor Babcock International put itself in line for £1 billion of contracts in the last five months, setting itself up to show “strong progress” at the year end.
Manufacturing heaps QE pressure on Bank of England
BRITAIN’S manufacturing sector has suffered a second torrid month, adding to fears of a triple-dip recession and piling pressure on the Bank of England to extend its financial lifeline.
Glencore’s $35bn Xstrata merger postponed again
Commodities trading giant Glencore has delayed its mega-merger with miner Xstrata as it awaits the results of a competition probe by China.
Sony and Olympus JV plans hit delays
PLANS by Japanese technology giants Sony and Olympus to set up a joint venture to develop medical equipment have again been delayed as they wait for approval from regulators.
$52m stake in Teac of Japan is music to Gibson’s ears
Guitar maker Gibson hopes to inject some “cool Japan” into its brand after agreeing a $52 million (£34.2m) deal to take control of Japanese audio equipment firm Teac.
Lower bonus for Aggreko chief Rupert Soames
RUPERT Soames, the chief executive of temporary power firm Aggreko, saw his pay package fall by a third last year after a sharp drop in his bonus.
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Cameron hails all-electric Nissan Leaf
Nissan has officially launched production of its 100 per cent electric Leaf car at its vast Sunderland plant.
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Weather for Edinburgh
Sunday 28 April 2013
Today
Light rain
Temperature: 4 C to 11 C
Wind Speed: 28 mph
Wind direction: West
Tomorrow
Sunny spells
Temperature: 2 C to 11 C
Wind Speed: 29 mph
Wind direction: West
