News

An appeal by a man refused compensation following the lifting of an account freezing order over two of his bank accounts under the Proceeds of Crime Act 2002 has been refused by the Inner House of the Court of Session after it confirmed that no exceptional circumstances applied that were sufficient

Profits at Nairn’s Oatcakes rose to £4.9 million in the 2024-25 financial year, driven by robust sales growth across both domestic and international markets. The Edinburgh-based firm saw turnover increase by 6.6%, climbing from £47.5m to £50.6m.

Digital bank OakNorth has provided a £8.3 million loan to Chrysalis Homes Limited for a new retirement development, Dargavel Village, in Renfrewshire. The company is backed by Highland & Universal Investments Limited, the investment vehicle of Scottish businesswoman Dame Ann Gloag –

Kingdom Housing Association’s (KHA) commitment to tackling the housing emergency has received a crucial boost thanks to £13 million of funding arranged by Allia C&C through its Charitable Bond programme in partnership with the Scottish Government. The Charitable Bonds programme provi

The Scottish Housing News Podcast has taken an exciting step forward with the launch of its new YouTube channel, opening new doors for its audience to connect with the conversations shaping Scotland’s housing sector.

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has appointed Emma Noble as chair of its Scottish Executive Committee and new group ambassador for Scotland. In her new role, Ms Noble will focus on supporting Scotland’s sustainable economic growth and on improving investmen

Hasbro, the company behind the popular Magic: The Gathering card game, is being sued by shareholders for producing too many cards. A group of investors allege that Hasbro's CEO, the former president of its Wizards of the Coast subsidiary, and other company officials have "devalued" the brand th

The Bank of Scotland has been fined £160,000 by the UK’s sanctions regulator for facilitating transactions that breached financial sanctions imposed on Russia. The Office of Financial Sanctions Implementation (OFSI) penalized the bank after it was found to have processed payments for a d

Production has resumed at the Cononish gold mine near Tyndrum, marking a reversal of fortunes for Scotland’s only commercial gold mine. The restart coincides with a historic surge in global gold prices, which surpassed a record $5,100 (over £3,700) per ounce this week due to geopolitical

OEG Energy Group saw turnover exceed £450 million for the first time in 2025, marking a record-breaking year for global energy solutions business. The Aberdeen-based group delivered a 20% year-on-year sales increase, driven by strong financial performance across both its cargo logistics and re

A solicitor jailed for money-laundering offences amassed £1.7 million from a criminal enterprise operated through his legal practice, a court has heard. David Lyons, 74, generated the proceeds while working at Robertson & Ross in Paisley, Renfrewshire. However, prosecutors have agreed that

The FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators.

The Scottish Government has confirmed it is moving forward with plans to issue its first sovereign bonds during the 2026-27 financial year. Speaking at an event at Scotland House London, First Minister John Swinney announced the initiation of procurement processes to appoint banks and legal advisers

First Minister John Swinney has signed a renewed partnership agreement between the Scottish Government and the City of London, focused on delivering investment to Scotland. The First Minister is promoting Scotland as a financial services hub, showcasing current large ticket capital investment opport

Deloitte’s UK Energy Transition Investor Survey 2026 showed that 90% of energy transition investors have become more committed to the energy transition over the past 12 months. According to the survey of over 100 senior leaders making energy transition investments, with an estimated £9 t