News

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.

Christine Convy, Chartered Accountant and Licensed insolvency practitioner at Dunedin Advisory Limited, has been appointed interim liquidator of KNS Shopfit (UK) Ltd. The company, which operated from premises in Carluke providing shop fitting services to a variety of retail customers ceased trading

Scotland’s economy experienced a modest expansion in the three months to February 2026, with onshore GDP rising by 0.2%. This followed a marginal increase of 0.1% in the preceding three-month period ending in January. While monthly figures for February showed slight growth of 0.1%, this repres

In a significant shift from its digital-only roots, the fintech giant Revolut has confirmed plans to open its first permanent physical store in Barcelona.