Parkmead, the Aberdeen-based energy company, has cut staff and reduced its office space by 40% after ending its operations in the North Sea oil sector.
After four years as a non-executive director, Robert Finlay has left the board with immediate effect to focus on his other activities.
The company said it is well advanced in bringing a further independent director on to the board.
It completed the sale of its UK offshore petroleum licences to Serica Energy, worth up to £134 million to the group.
It has retained 100% of its cash producing assets, namely its four producing onshore gas fields in the Netherlands and its onshore electricity producing wind farm in Scotland. Parkmead now intends to focus its attention on the delivery of greener energy.
Executive chairman, Tom Cross, said: “Parkmead has made strong progress across all elements of the business in the first half of 2025.
“We have completed the sale of our UK offshore-focused subsidiary, delivered solid operational performance from our onshore producing assets, advanced our flagship renewable energy project at Glenskinnan, and achieved a very healthy and robust financial position.
Our continued focus on strategic growth and efficiency ensures Parkmead is well positioned for the future.”
Kier Group
Revenue and profit at construction group Kier for the year to the end of June is expected to be in line with the board’s expectations
It says it has a high quality year-end order book of c.£11bn, with 88% of revenue for FY26 secured.
Growth opportunities in the group’s core markets continue to be underpinned by the Government’s renewed investment commitments, to improving UK infrastructure and regulated UK assets.
Andrew Davies, chief executive, will be retiring and succeeded by Stuart Togwell, currently managing director, construction.
Mitie Group
Facilities management group Mitie said for the three months to the end of June revenue grew by 10.1% to £1,282m (Q1 FY25: £1,164m), including 8.% organic growth driven by net wins and scope increases, projects growth and pricing.
It reported contract wins and extensions/renewals of £1.2bn against a record prior year comparative (Q1 FY25: £2.0bn), including several notable new key accounts
The company has a record £29bn pipeline of bidding opportunities, up 22% over the period (FY25: £23.7bn).
Marston’s
Pub chain Marston’s said like-for-like sales for the 15 weeks to 12 July 2025 rose 2.9%, in line with expectations, and delivered against a strong prior year comparator which included the Euro 2024 Championships. Excluding the prior year impact of England matchdays, like-for-like sales were 4% higher.
Like-for-like sales have improved on H1 and are up 2% year-to-date, as the group continues to build momentum going into Q4.
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