News

The Bank of Scotland has been fined £160,000 by the UK’s sanctions regulator for facilitating transactions that breached financial sanctions imposed on Russia. The Office of Financial Sanctions Implementation (OFSI) penalized the bank after it was found to have processed payments for a d

Production has resumed at the Cononish gold mine near Tyndrum, marking a reversal of fortunes for Scotland’s only commercial gold mine. The restart coincides with a historic surge in global gold prices, which surpassed a record $5,100 (over £3,700) per ounce this week due to geopolitical

OEG Energy Group saw turnover exceed £450 million for the first time in 2025, marking a record-breaking year for global energy solutions business. The Aberdeen-based group delivered a 20% year-on-year sales increase, driven by strong financial performance across both its cargo logistics and re

A solicitor jailed for money-laundering offences amassed £1.7 million from a criminal enterprise operated through his legal practice, a court has heard. David Lyons, 74, generated the proceeds while working at Robertson & Ross in Paisley, Renfrewshire. However, prosecutors have agreed that

The FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators.

The Scottish Government has confirmed it is moving forward with plans to issue its first sovereign bonds during the 2026-27 financial year. Speaking at an event at Scotland House London, First Minister John Swinney announced the initiation of procurement processes to appoint banks and legal advisers

First Minister John Swinney has signed a renewed partnership agreement between the Scottish Government and the City of London, focused on delivering investment to Scotland. The First Minister is promoting Scotland as a financial services hub, showcasing current large ticket capital investment opport

Deloitte’s UK Energy Transition Investor Survey 2026 showed that 90% of energy transition investors have become more committed to the energy transition over the past 12 months. According to the survey of over 100 senior leaders making energy transition investments, with an estimated £9 t

Shoosmiths in Scotland has strengthened its senior legal headcount with the appointment of William Reid as banking legal director. Based in Shoosmiths’ Edinburgh office, Mr Reid will work closely with colleagues in the real estate and corporate teams, advising clients on matters including corp

Edinburgh-headquartered Hampden Bank has made three senior hires as it continues to scale up its personal banking service south of the border. Liz Williamson, Ian Noke and Claire Lattin have joined as banking directors to serve the banking needs of clients across the North & Midlands.

Johnston Carmichael has appointed Stephen Oates as head of payroll, reinforcing its commitment to guiding employers through upcoming regulatory changes and strengthening its specialist tax leadership. Mr Oates, a tax partner and Chartered Tax Adviser with more than 20 years’ experience, brings

Baillie Gifford’s relocation to its new headquarters in Edinburgh has been pushed into a third calendar year. Originally scheduled for autumn 2023, the move to the 280,000 sq ft Norman Foster-designed Haymarket development was postponed to late 2024 and is now targeted for the second quarter o

Residents of Ilkeston, Derbyshire, were recently left dismayed when a metal bar was unexpectedly installed in a hole in a wall outside a local NatWest branch.

Pre-tax profits of £5.4 million have been recorded by First Tech Limited, an Aberdeen-based engineering and marine group, alongside a record turnover of £72m for the year ending 30 April 2025. Despite a challenging market environment, the group achieved a 26% increase in turnover compare

Aberdeen-based chauffeur company, Macaulay’s Private Chauffeur Hire, has partnered with Speyside-born whisky specialist Fraser Campbell to launch One for the Road, a collaboration that offers first class private travel for groups visiting Scotland, combined with personalised whisky tastings an