Business

Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.

M&A volume in Scotland last year rose by 10.7% to 446 announced deals, up from 403 in 2021, with a total deal value of £24.8 billion, the latest Experian United Kingdom and Republic of Ireland M&A Review shows. The value of deals was 22% higher than the previous year.

The latest Confederation of British Industry’s (CBI) employment trends survey revealed three-quarters of UK business are struck by labour shortages, while an Open University study found 70% of Scottish companies are struggling to recruit workers with the right skill set. Combined with the natu

DirectID, an Edinburgh-based global fintech, announced that Ingka Investments, the investments arm of IKEA holding company Ingka Group, has made a €9 million (£7.9m) minority investment in the company. The firm specialises in credit risk, risk analytics and predictive modelling,

Glasgow-headquartered Macfarlane Group has seen profits before tax from continuing operations reach £19.9 million in 2022, marking a 7% increase from the year before. According to the group's annual results, revenue from continuing operations grew by 10% versus 2021 to £290.4m.

Topolytics, a waste data analytics platform, has secured £1.5 million in funding, enabling the business to launch its WasteMap solution and extend the business commercially with new and renewed contract wins in 2023. The money comes from high-net worth investors, and a grant from UK Research a

The topping out of Michelin Scotland Innovation Parc’s (MSIP) flagship Innovation Hub has taken place in Dundee yesterday.

A new veterinary practice has opened its doors in Fife after securing a loan from Royal Bank of Scotland. Owned by husband-and-wife duo, Hannah and Bruce McKerrow, 3 Bridges Vets provides services and treatments for a wide range of pets and farm animals, from hamsters to horses.

The team behind the Port of Leith Distillery has announced plans to create more than 50 local jobs as the towering Leith landmark prepares to open this summer.

The business team at Blackadders has helped steer through the sale of online activity booking site ClassForKids. ClassForKids, the Glasgow-based site which is used by more than 3,000 kids’ activity clubs to help parents and owners save time and money, has been sold to The Access Group, a provi

Macdonald Henderson has advised Opulus in joining forces with Wylie & Bisset and on a £10 million growth capital facility to support further expansion plans of the enlarged group provided by SME Capital. Macdonald Henderson’s advisory team was led by David Beveridge and Ryan Macready

Circularity Scotland has announced £22 million of cashflow support measures to help Scotland’s brewers, distillers, importers and drinks manufacturers prepare for the introduction of Scotland’s deposit return scheme (DRS).

Burges Salmon has advised First Bus, a division of transport group FirstGroup plc, on the acquisition of Essex bus company Ensign Bus Company Limited (Ensignbus). Via its bus division, Aberdeen-headquartered FirstGroup is the second largest regional bus operator in the UK, serving two-thirds of the

Scotland’s business resilience organisation, The Scottish Business Resilience Centre, has changed its name to reflect a rising national threat from cyber crime and fraud. The Scottish Business Resilience Centre, the not-for-profit dedicated to helping educate and support Scottish organisations

A group of leading individuals from Scotland’s tech scene have announced a new trip to showcase Scotland to the US East Coast ecosystem.