State-funded Scottish bank reveals new chief executiveThe Scottish National Investment Bank has named its new chief executive. It highlighted Frasers Group’s purchase of Braehead Shopping Centre as one of the big deals of last year. Retail tycoon to axe huge store in Scottish shopping centreA retail tycoon is to close a huge store in a Scottish shopping centre. The axing of the 8,000-square-foot shop comes after the mogul purchased a rival shopping centre. Mike Ashley’s Flannels is to quit Silverburn Shopping Centre this year after the parent firm acquired a separate facility also operating on the southern side of Glasgow, Braehead Shopping Centre, for £220 million late last year.

Source: The Herald January 11, 2026 16:13 UTC