Hsbc

A lack of access to critical resources is placing Edinburgh start-up businesses at risk, according to new research from HSBC UK.    The data, taken from a survey of 1,000 UK entrepreneurs, found that 30% of Edinburgh founders lack the resources and support they need to start their business

HSBC has announced that its group chairman, Sir Mark Tucker, will retire before the end of 2025, concluding an eight-year tenure that began in October 2017. During his leadership, HSBC navigated significant global challenges, including the Covid-19 pandemic, rising living costs, and increased US-Chi

Kelso-based insect repellent manufacturer, Pyramid Travel Products, is set for expansion following a management buyout (MBO) supported by a £600,000 funding package from HSBC UK. The deal allows current managing director, Stefan Cameron, to acquire a majority stake in the company.

HSBC reported first-quarter financial results for 2025 that surpassed analyst expectations, despite showing year-on-year declines primarily due to the impact of prior-year business disposals. Alongside the results, HSBC unveiled plans for a new share buyback programme of up to $3 billion (c. £

Scottish hotel group Crerar Hotels has successfully secured a refinancing package of approximately £40 million from HSBC UK. The funding supports ten properties within the group's portfolio, comprising nine hotels across Scotland and one in the Lake District, including notable venues such as F

Scottish livestock auctioneer, United Auctions (UA), has transitioned to an employee ownership trust (EOT). The transaction was formally completed on 2nd April 2025, with the assistance of HSBC Bank UK plc, Johnston Carmichael’s corporate finance team, Burness Paull LLP, TLT LLP and Ledingham

As part of HSBC's stringent cost-cutting strategy under chief executive Georges Elhedery, the bank has dismissed London-based investment bankers on their bonus announcement day, with many receiving no payout. The move, following the bank's January decision to shutter its mergers and acquisitions and

An IT managed services company headquartered in Edinburgh has significantly bolstered its global operations with the acquisition of Australian-based EDF Systems, made possible by £1.8 million in funding from HSBC UK. Purview Consultancy Services, which provides IT solutions and cutting-edge pr

HSBC has announced plans to save $300 million (c. £240m) in 2025 and cut $1.5 billion (c. £1.2bn) from its annual cost base by the end of next year. This comes as the bank details the impact of Group CEO Georges Elhedery’s restructuring. The bank also aims to redeploy $1.5bn from n

GAP Group Northeast, a Gateshead-based recycling and haulage firm, has expanded into Scotland with a new, state-of-the-art fridge recycling plant near Perth made possible by a seven-figure funding package from HSBC UK. This new site will allow the company, which specialises in recycling electronic w

A new survey from HSBC UK explores how people in the UK are managing their finances, shedding light on a variety of spending priorities, saving habits, and barriers to saving and investing.

A Glasgow-based commercial laundry business has doubled the amount it can wash to 40 tonnes daily thanks to a seven-figure funding package from HSBC UK. Specialising in linen and laundry services for major hotels across Scotland, The Green Group has invested in the equipment which not only boosts ca

A new survey by HSBC reveals that Scottish residents are prioritising travel this Christmas and New Year, with 18% planning a festive getaway. The study, which polled over 2,000 UK adults, also highlights a growing trend in gifting travel and experiences, particularly amongst younger Scots.

Aberdeen-headquartered clean energy group D2Zero has secured a new £150 million lending facility from a group of banks. OakNorth, HSBC, NatWest and Virgin Money are among the lenders, as well as existing backer SCF Partners.

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