News

The Financial Conduct Authority (FCA) has decided to impose a £306 million requirement on a takeover deal between Canadian software firm Dye and Durham (D&D) and Link Group. The decision follows announcements by Link Group to the Australian Securities Exchange and D&D to the Toron

An increase revenues of 21% to £62.7 million has been reported by Smart Metering Systems (SMS) in its 2022 interim report for the six months ending 30 June 2022. The company's underlying profit before tax was up 7% from £9.6m to £10.3m for the same period last year. Pre-tax profit

Aberdeenshire technology firm, Recycl8, has announced the appointment of new CEO, Mark Gillespie. The former energy executive will be working with the Recycl8 team to drive the firm’s business strategy as they enter the next stage in their development.

Total UK fintech investment dropped to $9.6 billion in the first half of 2022, down almost threefold (65%) from $27.8 billion in the same period in 2021, according to KPMG’s Pulse of Fintech report.

Mattioli Woods plc, the specialist wealth and asset management business, which has offices in Edinburgh, Glasgow and Aberdeen, has seen its revenue increase by 72.8% to £108.2 million, in 2022. In its final audited results for the year ended 31 May 2022, the firm revealed "strong organic reven

Loganair, the UK’s largest regional airline, has cut its fuel surcharge on new ticket sales in response to changes in global fuel prices. The airline, which announced the surcharge in March this year as worldwide oil prices increased, has set out three zones to apportion the surcharge on an eq

Simon Cowie, the managing partner of Aberdeen accountancy firm Infinity Partnership has completed a remarkable UK awards double. Mr Cowie, who established Infinity Partnership in 2009, has been named 2022 Practice Pioneer of the Year at the Accounting Excellence Awards. He previously won the individ

A parking spot in San Francisco has been put up for sale for $90,000 (£77,000). The spot at a condo complex at 88 Townsend in San Francisco's South Beach neighbourhood is located near Oracle Park, NBC Bay Area reports.

Beeks Financial Cloud Group, a Scottish provider of cloud computing and analytics for capital markets and financial services, has reported monthly recurring revenue of over £19.3m, growth of 40% on the prior year and confirmed a deal with US firm, ICE Global Network (ICE). Following the a

Frasers Group is set to rejoin the FTSE 100 tomorrow after defence firm Meggitt was sold to a US rival.

TLT has helped secure a premises licence for the first ever dedicated rum distillery on the island of Islay. Partner and head of licensing (Scotland), Stephen McGowan, appeared at the Argyll & Bute Licensing Board hearing on 8 September 2022 to secure the licence for Islay Rum – a new dist

The latest figures from the Office for National Statistics (ONS) have shown that the economy grew by 0.2% in July and output dropped by 0.6%. Services grew by 0.4% in July 2022, after a fall of 0.5% in June 2022, and was the main driver to the rise in GDP. Information and communication grew by 1.5%

Aberdeen-headquartered, global energy sector mechanical engineering company, EnerMech has opened its first facility in Ireland, investing €9.2 million (£8m) and creating approximately 170 jobs opportunities over the next three years. The base cements the integrated solutions speciali

New data has shown that the global non-life run-off market continues to grow, with estimated liabilities rising 11% to $960 billion (£822.5bn) since the beginning of 2021, according to PwC’s latest global insurance run-off survey.

Left to right: Invest2Scale partners Michelle Lownie, CEO & founding director of Eden Scott; Stuart Hendry, senior partner & founder at MBM Commercial; Alan Donald, development manager at Angel Capital Scotland; and Neil Norman, partner and head of entrepreneurial tax at Chiene + Tait A new