News

The Scottish National Investment Bank has surpassed a key milestone with its £10 million investment in Aurora Energy Services, taking the total amount of capital the bank has committed in Scottish businesses and projects to over £1 billion. The bank, which marked its fifth anniversary in

Diageo shares tumbled as much as 6.5% on Wednesday after new chief executive Sir Dave Lewis, nicknamed ‘Drastic Dave’ for his history of aggressive cost-cutting, slashed the interim dividend to 20 cents. The decision aims to bolster the balance sheet of the FTSE 100 giant, which owns Gui

In a deliberate departure from the fiscal volatility of recent years, Chancellor Rachel Reeves is set to deliver a "boring" Spring Statement on 3 March. By stripping back the House of Commons address to a concise 20-minute update, the Chancellor is expected to provide a "stability dividend" for a bu

Scotland’s onshore GDP grew by 0.1% in the final quarter of 2025 (the three months to December), according to statistics announced by the Chief Statistician. This steady performance followed a 0.3% expansion in the previous quarter, culminating in an annual growth rate of 1.4% for 2025.

HSBC shares climbed over 5% on Wednesday morning, reaching 1,362.80p and cementing its position as the UK's most valuable bank with a market cap of over £230 billion. This rally occurred despite a 7% decline in annual pre-tax profit, which fell to $29.9bn (c. £22.1bn) following $5bn (c.

Lenders could have access to more comprehensive information to support lending decisions, under new proposals by the Financial Conduct Authority (FCA).  The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consu

The civic head of Shetland Islands Council has been banned as a director after her company went into liquidation owing more than £170,000 in tax. Council convener Andrea Manson was one of two directors of the Mid Brae Inn Limited, which traded as a pub of the same name.

A legal battle has erupted in Arizona over a $12.8 million (c. £9.5m) lottery ticket that sat unclaimed behind a convenience store counter before being purchased by the store manager after the draw. Circle K has filed a declaratory judgment complaint in Maricopa County Superior Court to determ

Deloitte has revealed plans for the creation of a unified Europe, Middle East, and Africa (EMEA) firm following a successful partner vote. Scheduled to launch in June 2026, this regional powerhouse will consolidate 16 participating firms across more than 80 countries. While individual firms will mai

Five pioneering Scottish space-data firms have joined forces with Danish partners to develop critical environmental solutions through a £150,000 Scottish Enterprise Innovation Challenge, which followed on from the first ever Space Scotland Nordics Summit.

Quantcore, a University of Glasgow spin-out, has raised £2.5m in seed funding to create a sovereign supply chain for quantum hardware, as the UK races to build domestic capacity in technologies critical to national security and economic competitiveness. The round was co-led by PXN Ventures, Bl

Aberdeen-based manufacturer and rental provider of specialist industrial equipment RenQuip Ltd has announced a strategic expansion with the opening of a second operational facility in Grangemouth. The new location represents a significant strategic step for RenQuip, positioning the company at the he

Edinburgh-based premium spirits company Rutland Square Spirits Ltd is set to expand its India distribution network through a strategic partnership with Anant Wines, its principal importer and distributor in India, led by Tushar Mehra. The agreement marks a significant next phase of growth for Rutlan

Close Brothers Property Finance has appointed Stuart Heslop as consultant to support its growing regional team in Edinburgh. Mr Heslop will work closely with the Scotland and North of England teams, which are led by director Gary Ferris.

CHAP (Holdings) Limited, the parent company of CHAP Group, has posted gross profits of £9.3 million for the year ended 30 September 2025 – a 40% increase from the £6.6m reported in the previous period. This financial milestone accompanies a record-breaking turnover of £65.8m,