Scottish Financial Review

New TSB owner Santander UK has appointed Mahesh Aditya as its chief executive — asking parent Banco Santander’s group chief risk officer to lead the…

National Trust for Scotland has called on all political parties fielding candidates in the May 7 election to “commit to action to save the nation’s…

Business delegations to the Scotland Day showcase events at Expo 2025 Osaka in Japan have reported £23 million in sales through immediate export orders as…

The UK government said Prime Minister Keir Starmer has secured a proposed Scotch whisky tariff cut in China that is “worth £250 million to the…

Scottish Enterprise has appointed former Fintech Scotland CEO Nicola Anderson as its new Director of Scaling Innovation. “Nicola will lead Scottish Enterprise’s Scaling Innovation Mission,…

New TSB owner Santander UK has announced plans to close 44 branches as it “continues to transform its branch network in response to changing customer…

Lismore Real Estate Advisors said it advised on the £10.65 million sale of George House, one of Glasgow’s most prominent multi-let buildings. “This transaction highlights…

Lloyds Banking Group (LBG) — which owns Bank of Scotland, Scottish Widows and Halifax — said its 2025 profit before tax rose 12% to £6.7…

DataVita said its North Lanarkshire site near the M8 has been officially designated a UK government AI Growth Zone, aiming to secure £8.2 billion of…

Glasgow’s Scottish Event Campus (SEC) has reported a strong set of financial results for 2024-25, which also saw the appointment of a new CEO as…

Murray Capital Holdings, the investment business of the Murray family, recorded an £18 million profit last year thanks to proceeds from land sales, with its…

Scotland’s onshore GDP grew by 0.3% in the three months to November 2025, unchanged from growth of 0.3% in the three months to October 2025,…

The Scottish Government’s Climate Action and Energy Secretary Gillian Martin said on Wednesday that “record funding” of over £5 billion will support climate action and…

The £965 million Murray Income Trust plc, which on November 20 agreed to replace Aberdeen with Artemis Fund Managers as its new investment manager, said…

Nairn’s Oatcakes, one of Scotland’s most iconic brands, has credited growth in its core business and new product launches amid a rise in sales and…

Aberdeen-based OEG, the global energy solutions business, said it delivered a record performance in 2025, reflecting the “continued strength of its diversified business model, market-leading…

The Scottish National Investment Bank, Scotland’s development bank, said it has committed £15 million towards the £109 million Epidarex Capital IV fund, managed by Edinburgh-based…

Hawick-based Emtelle, a global manufacturer of duct, fibre optic cables and “pre-connectorised solutions” said it has concluded a strategic deal to produce Emtelle fibre optic…

Canada Life Asset Management has announced the acquisition of the ground lease of InterContinental Edinburgh – The George. Operated by IHG under the InterContinental brand,…

The Scottish Government said on Monday it is “making good progress towards” its first bonds issuance in 2026-27. First Minister John Swinney told financial services…

The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) said it has imposed a £160,000 monetary penalty on Bank of Scotland plc, part of Lloyds…

Deloitte said it has appointed Lesley Smillie as its new office senior partner (OSP) for Edinburgh. Smillie has over 20 years of experience in professional…

The £890 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 18% and 14.1% respectively for the…

Shares of Glasgow media firm STV Group plc got some respite on Friday after the company puplished a trading update for the year ended December…

Publicly-owned Scottish Water has announced that household water and waste water bills will rise by an average of £42 per year from April 1, 2026…

First Minister John Swinney has confirmed the Scottish Government intends to establish a new national housing agency “with a focus on simplicity, scale and speed…

Stornoway Port has secured £3.5 million from the Scottish National Investment Bank towards a new linkspan — a drawbridge — for its newly constructed Deep…

Edinburgh-based Artisanal Spirits Company (ASC), creator of limited-edition whiskies, said cask sales remained strong in 2025 and achieved double digit revenue growth “with continued delivery…

Phoenix Group, Royal London and Scottish Widows are among those considering offers for the UK insurance business of Dutch insurance and retirement giant Aegon, according…

Around 12,500 homes and businesses in Dumfries & Galloway are set to benefit from gigabit-capable broadband. An £18 million investment, funded by the UK Government…

The Scotland team of growth capital investor BGF has promoted several members of its senior Edinburgh-based team. Patrick Graham, “Regional” Partner, who has grown and…

Edinburgh Airport, part of France’s Vinci Airports network, said it welcomed a record of almost 17 million passengers in a single year in 2025 —…

The board of the Scottish Chambers of Commerce (SCC) has appointed Charandeep Singh as its new chief executive. Singh has been deputy chief executive of the…

Aberdeen Investments said it has launched three new Article 8 funds, incorporating World, American and European Equity Enhanced Index funds within a Luxembourg domiciled SICAV…

North Yorkshire power generator Drax Group said it has signed an agreement to acquire Flexitricity Limited, the Edinburgh-based “optimiser of flexible energy assets” from Quinbrook,…

Edinburgh-based investment giant Aberdeen Group plc said its assets under management and administration (AUMA) rose 9% to £556 billion year-on-year in the fourth quarter of…

Scotland’s estimated unemployment rate was 3.7%, down 0.2 percentage points, over the September to November quarter — below the UK rate of 5.1%. That’s according…

The Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said on Tuesday its other shareholders overwhelmingly rejected proposals by New York hedge fund…

Shares of Edinburgh-based Craneware plc, a provider of software for financial performance in the US healthcare market, fell as much as 7% after it published…

SSEN Transmission said it has awarded one of the world’s leading cable manufacturers — Denmark’s NKT — €2 billlion worth of major contracts to manufacture…

The University of Edinburgh has revealed annual commercialisation figures showing “strong investment” in spinouts, and a majority of new companies formed to harness data and…

New independent academic research has revealed that Scottish football contributes £820 million Gross Value Added (GVA) to the Scottish economy and supports 14,315 jobs. The…

Angel Capital Scotland (ACS) has appointed a new board of directors, with Niki McKenzie, joint managing director of Archangels, taking on the role of chair….

Scottish entrepreneur Peter Vardy, the businessman behind the Peter Vardy Motor Group, CarMoney and SilverBullet, has launched a new national “leadership summit” called “The Calling”…

Tea Scotland, which represents a group of tea growers in Scotland, has won the 2025 Pioneer Award from the internationally-recognised Leafies Tea Awards. The organisers…

North Lanarkshire Council faces a growing budget gap of nearly £137 million over the next five years, said a report from The Accounts Commission. “It…

Direct flights between Inverness and Dublin are set to return and with new airline partner Aer Lingus Regional, exclusively operated by Emerald Airlines. A new…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks and Funkin cocktail mixers, said that Mark Allen is standing down from his…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, announced the signing of the shareholders’ agreement to establish a joint venture in the Kingdom…

British Land said its Scottish retail parks delivered a strong trading performance in 2025. The firm’s assets across Glasgow, Edinburgh, Falkirk, Inverness and Kilmarnock attracted…

The Pentland Floating Offshore Wind Farm has secured a Contract for Difference (CfD) in the UK Government’s seventh CfD Allocation Round (AR7). The Pentland project,…

SSE plc, the Perth-based electricity infrastructure giant, said it has successfully secured a 20-year contract for 1.4GW of low carbon offshore wind power from Phase…

FinTech Scotland has reported that the Scotland’s fintech cluster has more than doubled in size in the past five years – from just over 120…

Edinburgh-based investment giant Aberdeen Group plc said on Wednesday the process to select a successor to Douglas Flint as its chair “remains ongoing” as Hong…

Deputy First Minister Kate Forbes announced the appointment of Jacqui Gale, Luke Logan, Cameron Murray, Stuart Patrick and Greig Rooney as members of the board…

Finance Secretary Shona Robison said changes to the basic and intermediate rate income tax thresholds “will protect lower-income households in 2026-27” as she unveiled the…

The Scotch Whisky Association (SWA) announced the appointment of Rita Greenwood, Chief Investment Officer at William Grant & Sons, as the new chair of the…

Rangers Football Club announced that social care charity boss Jim Gillespie will become the club’s new chief executive officer “later in the season.” Acting CEO…

The Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said its net asset value (NAV) per share increased by 29.7% and the share…

NatWest Group, the bank formerly known as RBS, announced that non-executive director Yasmin Jetha will retire from its board on March 31, 2026. NatWest-RBS also…

Abrdn European Logistics Income plc, which is in the process of winding down its portfolio of European logistics real estate, announced that it has completed…

The Scottish Government said businesses in Scotland will benefit from strengthened links with the Greater Paris Region following a new partnership agreement between the Scottish…

The chair of the Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said New York activist hedge fund Saba Capital Management is “on…

London-based investment manager Triple Point said it has agreed to arrange debt funding for the construction of a 57MW onshore wind project in the Scottish…

Edinburgh-based asset management giant Aberdeen said the boards of investment trusts Aberdeen Equity Income Trust plc (AEI) and Shires Income plc (SHRS) have agreed heads…

Robertson Facilities Management announced it has secured a two-year contract to deliver grounds maintenance and winter gritting services for ScotRail following a competitive tender process….

Nationwide Building Society has announced that Mike Rogers will succeed Kevin Parry as chair of Nationwide, Virgin Money and Clydesdale Bank. Mutually-owned Nationwide completed its…

The latest Fund Flow Index from Calastone, the largest global funds network, revealed that 2025 saw the largest ever outflows from UK-domiciled equity funds after…

Edinburgh Innovations, the University of Edinburgh’s commercialisation service, announced the appointment of two new non-executive directors to its board — Gary McRae and John Cassidy….

Ambitious plans to create a £1 billion carbon removal company in the South of Scotland have been backed by the region’s economic and community development…