NatWest Group in the news for softening its fossil-fuel lending policy as results rise; UK bank giant, Edinburgh-based, owns brands like NatWest, RBS, and Ulster Bank.
Inverness and Stornoway are among nine towns on the UK longlist for the 2028 Town of Culture and 2029 City of Culture titles, respectively. Each will receive funding to develop their bids, with winners receiving £3m for cultural programs. The competitions aim to showcase local heritage and foster community pride.
Since mid-April, Scottish dealmaking has shown signs of recovery with high-profile transactions like NatWest's acquisition of Evelyn Partners and AG Barr's acquisitions. However, deal completion remains challenging due to longer processes, deeper due diligence, and cautious buyers, especially outside top-tier assets. Market activity is more selective and competitive.
Inflation has risen to 3.3% in March as fuel costs jump amid Middle East tensions. BoE is holding rates at 3.75% while weighing energy-price shocks and growth risks. NatWest reports first-quarter profit, while Santander completes TSB takeover; economists warn policy may tighten if energy shocks persist.