News

The Edinburgh Worldwide Investment Trust (EWIT) is faced with a significant boardroom overhaul as the New York-based activist investor Saba Capital Management seizes control. At the trust's AGM, which took place today, Saba won the vote to appoint three directors to the trust’s board. With fiv

Aberdeen-based engineering specialist Brimmond has announced the promotion of Craig Yeoman to finance director, alongside his appointment to the company’s board of directors, as the business celebrates its 30th anniversary year. Mr Yeoman joined Brimmond in May 2024 as head of finance and has

Restructuring, turnaround and insolvency trade association, R3, has appointed Sonia Jordan, a solicitor and partner at Knights, with more than 30 years’ experience advising on corporate restructuring and recovery, as president. Ms Jordan has been actively involved with R3 for many years, most

Propelled by a 60% year-on-year surge in Stocks and Shares ISA and Junior ISA sales, Scottish Friendly has posted overall sales of £56.1 million (annual premium equivalent) for the year ending 31 December 2025. The society’s assets under management climbed to £4.4 billion, supporte

The Bank of England’s Monetary Policy Committee has opted to continue keeping UK interest rates at 3.75%, resisting pressure to hike borrowing costs despite a spike in inflation linked to the ongoing conflict in the Middle East. While markets had anticipated a move to curb rising prices, the c

Armstrong Watson has appointed Paul Russell as head of VAT and indirect tax, strengthening the firm’s specialist advisory capability across Scotland and the North of England. Mr Russell joins with more than 27 years’ experience in VAT and other indirect taxes, having worked at HMRC for 1

A new report offers an in‑depth analysis of how investors, developers and advisers are navigating the next phase of the global shift toward net zero. Drawing on research conducted in collaboration with Infralogic, with 100 UK‑based senior executives, financial sponsors, developers and general co

A Glasgow-based insurance brokerage is calling on the public to get behind a Scottish fundraising effort by launching a prize draw to win two tickets to a Scotland World Cup clash in Boston, all in support of mental health.

The Investment Fund for Scotland (IFS), managed by Maven Capital Partners and delivered by the British Business Bank, has invested £1.25 million in Glasgow-based Highway Data Systems Ltd (HDS), a provider of automated roadside quality assurance.

Scottish business confidence experienced a three-point dip in April, falling to 48%, according to the latest Bank of Scotland Business Barometer. The decline was driven by a ten-point drop in firms' outlook for their own trading prospects, which now stands at 53%, though a four-point rise in general

Saffery has elevated Harry Kendall, who joined the firm as a London trainee in 2016, to partner. Mr Kendall has spent the last five years based in Edinburgh, where he specialises in audit services for a diverse portfolio including corporate entities, landed estates, and the not-for-profits sectors.

The UK government has formalised an amendment to the Pension Schemes Bill, marking a shift in how retirement funds can access private markets. By backing down on previous restrictive language, ministers have ensured that the new legislation remains "wrapper agnostic", focusing on the quality an

Aberdeen Investments’ Strategic Insurance Group has been appointed by Flood Re, the UK’s government‑backed flood reinsurance scheme, to manage a c. £1 billion credit mandate following a competitive public procurement process. Under the mandate, Aberdeen Investments will act as Fl

The collapse of Glasgow-based Hydrogen Vehicle Systems Ltd (HVS) into administration has culminated in a pre-pack sale of the business, a move designed to salvage the company’s intellectual property but one that has resulted in significant job losses. The Scottish truck manufacturer, which onc

Santander UK's pre-tax profits declined 44% to £202 million in its first-quarter results for 2026.