Wednesday business round-up: Five key stories of the day

Menzies Distribution has acquired Aberdeen-based Thistle CouriersMenzies Distribution has acquired Aberdeen-based Thistle Couriers
Menzies Distribution has acquired Aberdeen-based Thistle Couriers
Here are five of today's key business stories in one handy package.

Logistics group John Menzies bought its third parcel delivery firm within a year. The Edinburgh-based firm’s distribution arm paid an undisclosed sum for Thistle Couriers of Aberdeen as it seeks to grow its presence in the fast-growing e-commerce market. The deal follows the acquisition last year of Oban Express and AJG Parcels of Inverness, the biggest parcel delivery firm in the Highlands.

Edinburgh legal firm Shepherd & Wedderburn hailed 2015 as a record year for corporate activity as it closed nearly 100 deals with a total end value of £5.4 billion. Head of corporate Andrew Blain also said that early indications of market activity suggested that 2016 could outstrip last year’s performance.

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Brewer and pubs group Greene King said it was confident about its full-year prospects as it reported “strong” sales growth. The Belhaven Best owner, which last year sealed a £774 million takeover of rival Spirit Pub Company, said it enjoyed record sales of £6.8 million on Christmas Day, driven by its food offerings.

Edinburgh-based IT and digital recruitment firm Be-IT Resourcing bolstered its boardroom as it eyes a move into London and Frankfurt. Managing director Gareth Biggerstaff has appointed Kai Murray, a business growth consultant with 30 years’ experience in the UK recruitment sector, as a non-executive director to oversee the expansion plans.

The owner of Pinewood Studios – home to the James Bond and Star Wars films – could be sold as the company looks to “maximise value” for shareholders. Pinewood Group has appointed investment bank Rothschild to carry out a strategic review of the business that “could include a sale of the company”, which has a market value of £258m.