HSBC’s pre-tax profits fell by nearly a third to $6.3 billion (c. £4.7bn) in the second quarter, missing analyst forecasts as the bank absorbed charges on its Chinese investments and the costs of a major restructuring programme. The results sent shares in the lender down by more than 4%
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Asset manager Aberdeen Group reported net outflows of £900 million in the first half of the year, even as profits surged and its new chief executive, Jason Windsor, pushes ahead with a turnaround plan. The withdrawals from its core asset management business, primarily driven by insurance clien
Scotland’s onshore economy shrank by 0.2% in May 2025, reversing a revised growth of 0.1% in April, according to official figures.
Scottish green chemical manufacturer Celtic Renewables has bolstered its senior leadership team with the appointment of Kerry Crawford as chief financial officer and Bettina Brierley as chief commercial officer. Ms Brierley and Ms Crawford have been brought on as Celtic Renewables seeks to scale up
Glasgow City Region has been announced as one of three UK cities and regions receiving at least £30 million each from the UK government to unlock new, locally led innovation that can improve lives across the country.
The UK's strict new age verification rules can be bypassed using popular video games, Internet users have found. Thousands of websites and online platforms now require users based in the UK to verify their age before accessing adult content, following the commencement of key provisions in the Online
Wbg has appointed former Tesco Bank chief Benny Higgins as its new chairman to spearhead an ambitious national growth strategy. Currently chairman of Glasgow-based investment firm N4 Partners, whose seven-figure investment last year made it the majority shareholder of Wbg, Mr Higgins succeeds Lorna
Rents and capital values in Scotland’s commercial property sector are expected to increase in the short-term, supported by relatively low availability of industrial and office space and stable demand, according to the latest Royal Institution of Chartered Surveyors (RICS) Q2 Commercial Propert
Housebuilder Taylor Wimpey has posted a half year loss after a £222 million hit for removing cladding from highrise buildings following the Grenfell Tower fire.