News

Care home provider Meallmore has increased the banking facility with HSBC UK to £90 million to support the next phase of its strategic growth and ongoing investment in high‑quality care environments across the country.

UK construction group Morgan Sindall has reported a 10% rise in group revenue to £5 billion in its latest results. Adjusted profit before tax jumped 35% to £232.6 million, reflecting strong performances across Fit Out, Construction and Partnership Housing. Group PBTA margin rose to 4.6%,

Located within the Glasgow Riverside Innovation District (GRID), the highly anticipated Health Innovation Hub (HiH) has secured Panthera as a new tenant ahead of its official opening next month. A 87,000 sq ft of state-of-the-art flexible laboratory and office space, the announcement strengthens the

The Financial Conduct Authority (FCA) has chosen four companies – Monee Financial Technologies, ReStabilise, Revolut and VVTX – to test how their stablecoin services work with proposed regulation in a safe environment. The Regulatory Sandbox programme allows firms to trial stablecoin pro

Following the stage three vote in Holyrood to pass the Scottish Budget Bill for 2026/27, the Institute of Chartered Accountants of Scotland (ICAS) has warned that the budget fails to deliver meaningful change or tackle Scotland’s underlying economic challenges. Chris Barber CA, CFO at ICAS, sa

Taylor & Martin has expanded into Aberdeen after securing a 300-home flagship development in the city’s West End. The property factor has opened its third office, in Westhill, as it moves to provide full national coverage across Scotland. The firm already has offices in both Edinburgh and

Scottish Design Exchange (SDX), the social enterprise supporting Scotland’s creative community, has announced that its Glasgow store will relocate from Buchanan Galleries to a new, larger home on Sauchiehall Street this Spring. The move marks a significant milestone for SDX. The new flagship s

Energy Secretary Gillian Martin has called on the UK government to immediately end the Energy Profits Levy (EPL), highlighting the risk it poses to Scotland’s just energy transition.

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.