News

Barclays Bank Group has reported a profit of £3.7 billion for H1 in its interim report.

TSB Bank plc announced its 2022 half-year results reporting a £102.9 million statutory pre-tax profit for H1. TSB's statutory pre-tax £102.9m profit increased from £42.9m for the same period in 2021. This comes during an economically challenging time for many of its customers.

Alliance Trust has published its 2022 Interim Report and announced its second interim dividend for 2022. Despite the share price contracting from 1032p as at 31 December 2021 to 904p as at 30 June 2021, the trust reports steady performance for these market conditions and has decided to increase

Shepherd and Wedderburn has reported a 3% rise in net profits, reaching £26 million, in the year to 30 April 2022. The law firm revealed that in addition to its performance-related bonus scheme, colleagues will receive an exceptional bonus of 5% of annual salary.

Women’s pensions at retirement are half the size of men’s, £12,000 versus £26,000, regardless of the sector they work in, according to new research from Legal & General.

Businesses in Scotland were seeing some glimmers of hope in the second quarter 2022, according to the latest Addleshaw Goddard Scottish Business Monitor report, but while overall sentiment remains positive its level has fallen amid challenging conditions. The report, which surveyed 400 firms in July

Scotland’s onshore GDP increased by 0.6% in May, after the fall of 0.5% in April, according to statistics announced today by Scotland's Chief Statistician.

In the first quarter of this year, corporate insolvency numbers (liquidations and receiverships) in Scotland rose by 49.1%, compared with the same period in 2021. According to new figures published by the Accountant in Bankruptcy (AiB) - Scotland's Insolvency Service - the number of corporate insolv

ScottishPower has announced its biggest ever recruitment drive, with at least 1,000 new jobs to be filled in the next 12 months.

The Financial Reporting Council (FRC) has reported a record £46.5 million in financial sanctions issued in the last year. The FRC published its fourth Annual Enforcement Review which reports a record number of cases resolved in the last year and record financial sanctions of £46.5m were

A businessman and high-profile football sponsor has claimed that he ran up a £20k electricity bill in order to prove his wealth following claims he had run out of money. Hugh Clarke took over the Sizzlers fish and chip shop in Airdrie in May 2020 but shut it down less than three mont

Wealth management and professional services group, Evelyn Partners, has announced that Callan Anderson, the founder and owner of boutique financial planning business Equilibrium Financial Consultancy, will be joining its Glasgow office. Mr Anderson, who has run Glasgow-based Equilibrium for the past

The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

Grant Thornton UK’s Corporate Finance team in Scotland has advised international buyers on two acquisitions of leisure-related businesses, amid strong interest in the sector as it recovers from the pandemic.