MARK WILLIAMSON

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THE new management at IndigoVision has said the video security company is making good progress following the shakeup at the business, which posted a $1.1 million first half loss yesterday when shares in the firm tumbled seven per cent.

ABERDEEN-based Eland Oil & Gas, which focuses on Nigeria, said it enjoyed the most successful six months in its history in the first half.

NORTH Sea-focused Verus Petroleum has agreed to buy a $400 million (£300m) portfolio from Japanese conglomerate Itochu as the competition for assets in the area intensifies.

HSBC bank has started a fresh push for growth in the Small and Medium Sized Enterprise market in Scotland by announcing it will provide £650m funding for sector players in Scotland over the next year.

SHE Software, the Scottish health and safety technology specialist, has more than doubled employee numbers over the past year after expanding overseas and moved into a new base in Lanarkshire to support continued growth.

GLASGOW’s hotels achieved the best performance in the UK market in the first six months of this year on a key measure a report has found.

FAROE Petroleum chief executive Graham Stewart has said the company wants to remain independent amid speculation its biggest shareholder, DNO, will launch a hostile takeover bid for the firm after failing to trigger a boardroom shake up.

ABERDEEN-based Eland Oil & Gas has said it has taken a big step towards bringing a second field in Nigeria into production following a recent drilling success.

HOUSEBUILDING giant Miller Homes achieved strong growth in first half profits with its focus on areas such as Scotland’s Central Belt in spite of reports the UK market is cooling.