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The Sunday Times: Scottish Business Digest

March 12, 2006
Scotrenewables, an Orkney-based tidal power company, has won the first UK national title at the Shell Springboard awards, which recognise the best small business ideas to combat climate change. Scotrenewables’ prize is a trip to Shell’s Reykjavik hydrogen facility in Iceland later this year. Barry Johnston from Scotrenewables said it was a huge boost for the company, which also receives £40,000 towards establishing and marketing its products.
The former chief executive of Hit Entertainment, maker of Bob the Builder, is to form a new vehicle to invest in intellectual property rights and float it on AIM.
Rob Lawes, who was ousted from Hit in 2004, has formed Ludorum with Charles Caminada, Hit’s former chief operating officer. They plan to raise £5m, with £1m of that coming from management. Lawes said the number of outlets for rights owners, including mobile phones, iPods and the internet, made the industry very attractive.
Hong Kong’s largest quoted infrastructure investor is drawing up an £8 billion bid for Thames Water, Britain’s biggest water company. Cheung Kong Infrastructure Holdings (CKI), majority-owned by Hutchison Whampoa, the Hong Kong-based conglomerate, has held talks with investment banks and potential co-investors within the past week about a potential offer for Thames Water.
CKI is understood to have held talks with Borealis, the Canadian pension fund, about joining forces on a bid for Thames, which is owned by the German utility group RWE.

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