Search: raise

HSBC has reported a small drop in first-quarter profit after a sharp rise in credit charges, driven by a fraud-related exposure in its UK investment banking arm and the fallout from the conflict in the Middle East, overshadowed solid revenue growth across the lender's wealth and interest income busi

Royal Bank of Scotland-owner NatWest Group has seen its operating profit before tax rise 12% to £2 billion, up from £1.8bn in the same period last year, for the first quarter of 2026. The growth was supported by a total income of £4.2bn (excluding notable items), representing a nea

Lloyds Banking Group has posted a 33% rise in statutory profit before tax to £2.0 billion, for the first quarter of 2026, but has shared concerns over the economic impact of the Middle East conflict. The Bank of Scotland-owner's Q1 growth was underpinned by an 8% rise in underlying net interes

Pre-tax profits at Scott & Fyfe more than doubled to £2.34 million in 2025 as the Fife textiles business reported a near quarter rise in annual sales to just over £21m, up from £17m the previous year. The employee-owned company, which has operated from its base in Tayport for m

Pension and investment mutual Royal London has posted an 18% rise in profits, with its Scottish operations playing a central role in the company's continued growth. The mutual, which employs around 1,800 people across offices in Glasgow and Edinburgh, reported an 18% rise in adjusted profit before t

Scottish hospitality group Buzzworks has posted a 8.4% rise in revenue to £37.3 million for the 53 weeks to 4 May 2025. This compares with revenue of £34.4m in the previous year. Underlying EBITDA was £3.32m, down from £3.77m in the previous year, which benefited from in

The Start Up Loans programme has sen a 15.1% rise in loan volumes in Scotland during 2025 compared to the previous calendar year, making Scotland one of the most entrepreneurial areas of the UK. The average loan size in Scotland was also approximately £1,000 higher than the UK average, suggest

Scottish businesses continued to navigate a hostile economic landscape in 2025, with the latest figures revealing a year-on-year rise in corporate insolvencies. Data from the Accountant in Bankruptcy (AiB) indicates that 1,272 corporate insolvencies were registered in 2025, a marginal increase from

Inflation has risen faster than expected, presenting a fresh challenge to the Bank of England’s plans for easing interest rates. New data from the Office for National Statistics (ONS) reveals that the Consumer Prices Index (CPI) reached 3.4% in the year to December, exceeding the 3.3% predicte

UK real gross domestic product (GDP) grew by 0.1% in the three months to November 2025, according to the latest figures published by the Office for National Statistics (ONS).

ACCA (The Association of Chartered Certified Accountants) has announced it will end remote examinations in a bid to curb a sharp rise in academic misconduct. From March, the global accounting body will require its students to sit assessments in person, effectively ending a practice introduced during

Operating profits of £5.9 million have been reported by Macphie Limited, a rise from £5.4m the previous year, as the Scottish food ingredients manufacturer navigated “operational challenges” to deliver growth. Based in Glenbervie near Stonehaven, the family-owned business saw

The UK government has announced a significant reversal on its inheritance tax policy for family farms, raising the tax-free threshold for agricultural and business property from £1 million to £2.5m. Experts at Johnston Carmichael have characterised the decision as an "early Christmas pre

Network specialist Arrowdawn has marked its 25th year in business with a 72% rise in turnover. The Aberdeen company’s turnover increased from £1.45 million last year to £2.5m in 2024–25 – the company’s highest figure to date.

Average UK mortgage rates have dropped back below 5% in November, after a brief rise last month.