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Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC's CEO, Georges Elhedery, has dismissed speculation that the bank's recent restructuring signals a potential breakup. The restructuring, announced last week, w

Corporate insolvencies in Scotland have risen by 10.6% in Q2 2024-25 (July to September) compared to the same period last year, reaching 313. This increase is primarily driven by Creditors' Voluntary Liquidations, suggesting businesses are struggling despite recent economic growth. Personal insolven

New research from Edinburgh's Smart Data Foundry has revealed the significant impact of bank rate rises on consumer finances in Scotland.

Walker’s Shortbread has posted sales growth of £19 million, a 11.6% rise to £183m, resulting in a bump in operating profits by £7.1m – 119% – to £13.1m.

As temperatures drop and energy bills rise, Scottish accountancy firm Wbg is advising households to address their debts now to ensure they can keep their homes warm this winter. Utility debt in the UK has become a significant financial burden for many households. This debt reflects the challenges fa

EY UK is expected to offer lower pay rises and bonuses for staff within its tax advisory division, mirroring a trend among Big Four firms responding to a challenging economic climate. The firm's 4,400-strong tax division are set to receive a 2.2% base salary increase, a decrease from previous years

The Scottish Retail Consortium has called for injecting greater certainty into fiscal plans, spending restraint rather than tax rises, and tax competitiveness as central focus points in the upcoming Scottish Budget. In its Budget submission – entitled Realising The Growth Ambition – sent

GB Energy, the UK's new publicly-owned clean energy company, has begun advertising jobs based in Aberdeen, raising hopes that the city will be chosen as its headquarters.

The proportion of Scottish homeowners who have paid off their mortgage has risen significantly over the past decade, according to the 2022 census. The census report revealed that 851,100 households now own their homes outright, a 28.8% increase from 2011. This trend is attributed to Scotland's agein

Insurance giant Aviva has announced a stellar first half of 2024, with a 14% rise in operating profit to £875 million. The growth is attributed to a 15% surge in general insurance premiums, reaching £6 billion.

The Royal Family's annual income is set to rise by 53% to £132 million in 2025/26, thanks to soaring profits from the Crown Estate.

Fake olive oil worth almost $1 million (c. £767,000) has been seized from an alleged criminal gang in Italy. Italian police arrested seven people and raided more than a dozen garages and warehouses in the major overnight operation last week, CNN reports.

PwC UK has informed its employees of reduced bonuses in certain divisions, smaller pay rises, and a cutback on the popular half-day Fridays perk due to "challenging market conditions". In a memo, chief people officer Ian Elliott told the Big Four firm's 26,000 staff that while the overall bonus pool

Home sales in Scotland are expected to rise over the next three months despite a falloff in new buyer enquiries during June, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

Scottish spirits company Edrington reported an 11% rise in core revenue for the year ending 31 March 2024, reaching £1.16 billion. Profit before tax grew 6% to £411 million. The growth was driven by double-digit sales of The Macallan, particularly in the Asia Pacific region and the globa