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Business IN BRIEF.

OIL and gas services giant Wood Group said yesterday the positive momentum they outlined at their annual meeting last month was continuing.

In a statement to the stock exchange, they added: "All Wood Group divisions are performing well and the board is increasingly confident of delivering strong growth for the year."

The Aberdeen group's interim results for the six months to June 30 will be announced on August 28.

ONE of the biggest property deals in Scotland was completed yesterday when the East Kilbride Shopping Centre sold for about pounds 400million.

The Scottish Retail Property Limited Partnership took advantage of strong investment market conditions in selling the 1.2million sq ft site to PropInvest.

SRPLP bought up parts of the centre and revamped it, removing the negativity caused by competing ownership interests.

THE UK's leading Christmas savings club yesterday said they had lost more than a third of their customers after the collapse of rival company Farepak.

Park Group said their customer numbers were 36 per cent lower than last year at 411,729, as savers were put off by adverse publicity.

Park said Farepak's fall into administration last October - leaving an estimated 150,000 savers about pounds 40million out of pocket - had undermined their drive to recruit savers this year.

PROFITS at Edinburgh personal and corporate debt specialist Invocas soared by 39 per cent to pounds 3.36million as they grew their share of the Scottish protected trust deeds market.

Turnover at the group, with offices also in Glasgow, Aberdeen and Dundee, rose by 53 per cent to pounds 8.53million.

Chief executive John Hall said: "We're incredibly happy with how the business has developed since we floated."

ONLINE currency exchanges charge too much to change money, according to a survey.

The study, carried out by moneysavingexpert.com, found a 10 per cent difference between the cheapest and dearest web-based foreign exchanges.

For pounds 75, rates ranged from between 99 and 107 euros - an eight per cent difference.

The same amount would buy between 955 and 1069 Chinese yuan - a difference of 12 per cent.

BRITAIN is still the main destination for inward investment in Europe.

And Scotland has regained top spot in the UK outside London and the south-east.

The annual Ernst & Young European Investment Monitor yesterday showed that Scotland has almost doubled the number of projects it attracted, from 33 in 2005 to 63 last year.

Overall in the UK, project numbers increased last year by more than 30 per cent - from 559 to 686.
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Geographic Code:4EUUK
Date:Jun 28, 2007
Words:418
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