News

Nationwide Building Society has completed its £2.9 billion acquisition of Virgin Money, creating one of the UK's largest banking groups with 24.5 million customers and nearly 700 branches. The deal, approved by Virgin Money shareholders and a specialist court, will see the Virgin Money brand d

The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also said Starling repeatedly breached a requirement not to open accounts for high-risk customers.

Walker’s Shortbread has posted sales growth of £19 million, a 11.6% rise to £183m, resulting in a bump in operating profits by £7.1m – 119% – to £13.1m.

Craig Reid CA has been named partner at Armstrong Watson, and will head up the firm's accounting and business services team in Glasgow. He joins the accountancy, business and financial advisory firm in Blythswood Square after four years as a director at Mazars, where he led the Scottish SME team.

Mark Shaw has stepped into the role of BDO UK managing partner. Reaffirming the firm's dedication to the mid-market, Mr Shaw emphasised the importance of mid-sized businesses as the "economic engine" of UK economic growth.

Renewable energy firm ScottishPower and Santander UK have partnered to make adopting energy efficient technology in UK homes more affordable.

Responsible finance provider Social Investment Scotland (SIS) has, for the first time, surpassed £50 million in active loans and investments to social enterprises, charities, community groups, and mission-led businesses during a single year, according to its latest annual impact report. Total

A £22 million investment has been made into a scheme to increase investment in affordable homes and deliver more housing.

Gilson Gray has acquired City of London-based PCM Solicitors, marking its first foray into the London and South East market. This marks the Edinburgh-headquartered law firm's third acquisition of 2024, after the firm announced deals for Edinburgh’s MHD and Bowmans Solicitors in Forfar earlier

Caledonia Housing Association (CHA) has appointed two new executive directors to its leadership team. Peter Fotheringham joins CHA as executive director of finance and will be responsible for finance and treasury management, IT and business improvement. He is a Chartered Accountant and is currently

Tracey Davidson has been appointed as chief executive officer of Edinburgh-headquartered Hampden & Co, as the private bank's balance sheet assets reach £1 billion for the first time. Ms Davidson replaces Graeme Hartop who stepped down from the role after eleven years. She was formerly

William Grant & Sons, the family-owned distiller behind Glenfiddich and Hendrick's Gin, has announced a significant increase in both profits and revenue for the year ending 31 December 2023. After-tax profits surged to £444 million, up from £331.3m in 2022, while revenue climbed to &

Aberdeen is set to welcome over 100 professionals to a special event celebrating rising stars in financial planning and insurance. Recognising the achievements of those currently working in the profession as well as supporting the next generation will be central themes at the ‘Future of Financ

A couple who employed three illegal workers at a Chinese takeaway in the Highlands have been banned as company directors. Yu Jian Chen, 39, and his wife Yunqin He, 38, recruited the workers, who were from China and Malaysia, at The Jade Garden in the village of Bonar Bridge.

The minimum price per unit of alcohol has increased by 15p. MSPs previously voted to continue the public health measure which had been scheduled to end automatically on 30 April as part of a sunset clause when minimum unit pricing (MUP) legislation was introduced in 2018.