JMG of Leeds buys Perth insurance broker GS

Leeds-based JMG Group said it has acquired Scotland’s largest independent insurance broker GS Group, subject to FCA approval. The deal represents JMG Group’s second acquisition…









Scottish Mortgage retains top spot; shares up 13%

Scottish Mortgage Investment Trust once again retained its title as the most-popular investment trust among Interactive Investor customers in May, despite the fund’s high-flying share price…


UK approves Shell’s giant Jackdaw gas field

UK regulators have approved Shell’s revised plan to develop the giant Jackdaw gas field 250 kilometres east of Aberdeen as the Westminster government seeks to boost domestic…


CEO of new Stagecoach owner DWS resigns

The CEO of German asset manager DWS, which recently agreed a deal to buy Perth-based transport giant Stagecoach, has decided to resign after raids by prosecutors…


Edinburgh’s Codeplay Software sold to Intel

Intel announced it has signed an agreement to acquire Edinburgh-based Codeplay Software, which it called “a global leader in cross-architecture open standards-based developer technologies.” Subject…


Menzies shareholders OK £571m Kuwait takeover

The board of Edinburgh-based airport logistics giant John Menzies announced that its shareholders voted to approve the £571 million cash takeover offer from Kuwait-based National Aviation Services…





Wood sells consulting business for $1.9bn

Aberdeen-based global engineering and consulting giant John Wood Group said it agreed to sell its Built Environment Consulting business to Canada’s WSP Global Inc. for…




Abrdn completes £1.5bn Interactive Investor deal

Edinburgh-based investment giant Abrdn has completed its £1.49 billion cash acquisition of Manchester-based Interactive Investor (ii), the UK’s second largest investment platform for private investors. Abrdn said…







Employee-owned firms top £690m, employ 5,350

New research commissioned by Co-operative Development Scotland (CDS), part of Scottish Enterprise, has given the clearest picture yet of Scotland’s employee-owned businesses (EOBs) and their…









UK borrows £145bn As Debt Hits £2.35 Trillion

UK government borrowing was £144.6 billion in the financial year ending (FYE) March 2022, revised down by £7.2 billion from last month’s first provisional estimate, but remaining…





DeepMatter hires former IP Group CEO Aubrey

Glasgow-based DeepMatter Group plc, the AIM-listed digital chemistry data and software company, said it will appoint former IP Group CEO Alan Aubrey as its non-executive chairman…



Stamp Free raises £600,000, valued at £4m

Edinburgh-based Stamp Free Limited, the digital postage company, said it raised £600,000 in an oversubscribed funding round as the business makes progress towards the commercial…










UK inflation hits 40-year high of 9%

UK inflation surged in April to its highest annual rate since 1982, increasing the pressure on finance minister Rishi Sunak to help households facing a…