Live updates

Borders engineering firm saved from administration

An engineering firm in the Scottish Borders has been saved from administration after a management buyout.

Borders Precision Engineering has been bought out by twenty local investors who have committed a six-figure sum to keep the company in business, and 80 jobs have now been saved.

The Kelso firm was founded in 1976 and produces medical instruments and parts for the military.

Several employees were laid off when the company entered administration in January.