News

Monks Investment Trust, managed by Baillie Gifford, has sold its £20 million stake in Rio Tinto due to concerns over the mining giant's environmental and governance practices.

Lloyds Banking Group has announced it is shutting down 60 more branches, with 15 of them being Bank of Scotland outlets. This is part of a larger plan to close 190 branches this year and 47 more in 2025. The bank attributes this to the increasing popularity of digital banking, stating that usage of

Balmoral Group has appointed Sarah Jane Hogg as a non-executive director. Ms Hogg is currently chief executive of Friends of ANCHOR – a charity dedicated to supporting cancer and haematology patients in the North of Scotland.

Russia is expected to double its import tariffs on whisky as early as next month, in retaliation for Western sanctions. A Kremlin source said the country will increase the duty on "hard liquor from unfriendly countries” as it moves to counter foreign sanctions and boost domestic production. Th

Civil engineering firm Kilmac has reported a nearly 30% rise in profit to a record £1.7 million in the year to September 2023. The Dundee-based business saw turnover increase to a record £26.57m, up from £25.65m in the previous year.

Ian Mitchell, a partner in the corporate law team at Lindsays, advised on a recent deal which saw Bishopbriggs-based Synergy Financial Planning acquired by AAB Wealth. It is the latest in a series of deals across the sector which has seen smaller firms become part of larger groups, with Lindsays law

Scottish estate and letting agency DJ Alexander has acquired Sandstone UK Property Management Solutions Ltd which trades as Sandstone Management. DJ Alexander is the Scottish arm of Lomond, which has purchased close to 60 property businesses in three years with total estate and lettings agency reven

Aberdeen's commercial property market has received significant inflows in the first half of 2024, reaching its highest investment level since 2018, according to Knight Frank.

A US district judge has rejected Visa and Mastercard's "paltry" $30 billion settlement with merchants.

South Lanarkshire Council has revealed it is facing a budget shortfall exceeding £77 million over the next three fiscal years.

Philanthropist Ian Wace, owner of Tanera Mor in the Summer Isles, is gifting a substantial sum to the Coigach Community Development Company (CCDC) to purchase the majority of the Badentarbat Estate near Achiltibuie in Wester Ross. The coastal estate, encompassing approximately 8,887 acres of the Coi

Sidara's deadline to make a formal takeover offer or withdraw its bid for Wood Plc has been extended until the end of the month.

A business owner has been jailed and charged for inciting public unrest after giving his employees a raise. One of at least 10 arrested business owners, Pyae Phyo Zaw, who's three mobile phone shops were shut down, was punished by Myanmar's military regime.

Aberdeen-based Integrity ISS has secured new headquarters in the city’s Energy Transition Zone following funding of more than £700,000 from the Royal Bank of Scotland. Founded in 2017 by CEO Stuart Charles Sinclair and COO Peter Fraser, Integrity offers a comprehensive suite of serv

Plans backed by Justin Timberlake and Tiger Woods to redevelop the New Picture House in St Andrews as a sports-themed entertainment venue have been approved by Fife Council.