PwC has reduced its global workforce and abandoned an ambitious five-year hiring target as it contends with slowing revenue growth, the impact of internal scandals, and the rise of artificial intelligence. The Big Four accounting firm cut its global staff by 5,600 in the year to 30 June, bringing it
Results
HSBC has reported a 14% fall in third-quarter pre-tax profit to $7.3 billion (c. £5.5bn), a figure significantly impacted by legal provisions and impairment charges. However, the bank emphasised its underlying performance, with profits excluding these notable items rising by 3% to $9.1bn (c. &
Aberdeen-based energy consultancy Xodus Group has reported widening losses of nearly £1 million, citing delays in renewables projects as a key factor impacting its performance.
Big Four firm EY UK has announced a return to growth, with fee income rising by 2% to £3.78 billion in the last financial year.
NatWest Group has reported strong third-quarter results for 2025, with operating profit before tax having risen 30% year-on-year to £2.2 billion, significantly ahead of the £1.83bn consensus estimate – comfortably beating analyst expectations. The performance was driven by robust l
Lloyds Banking Group has reported a sharp fall in third-quarter profits after setting aside a substantial provision to cover potential costs from a probe into motor finance commissions. Pre-tax profit for the third quarter fell by 36% to £1.17 billion, though this surpassed analyst expectation
Aberdeen-based Activpayroll Ltd posted pre-tax profits of £5.76 million, up from £3.3m the previous year. Its group results for the year ended 31 March 2025 recorded turnover of £57.4m, an increase from £52.2m in the previous year.
Turnover at Glasgow-headquartered VITA (VAT & Indirect Tax Advisors) has risen by 46% to just under £500,000 in the twelve months to September 2025. On the back of this strong performance, the company is forecasting a further £200,000 increase in turnover for the current financial ye
According to its latest annual report for the year ended 31 December 2024, Harris Tweed Hebrides Limited saw turnover increase slightly to £9,208,547 from £9,188,164 in 2023. However, profit before tax decreased 6% to £1,225,879 from £1,306,317 the previous year.
Perth-based Balhousie Holdings Limited has announced a record profit before tax of £9.65 million for the year ending 30 September 2024. The company's annual turnover reached £57.2m, a 5.42% increase from the previous year, which the directors attribute primarily to increased fee rates.
Whisky producer Whyte & Mackay has reported a fall in profits for the year ended 31 December 2024, citing a global slowdown in the whisky, spirits, and luxury goods markets.
Trump International Golf Club in Aberdeenshire has reported its 13th consecutive year of losses, despite achieving record sales.
Demand for tax and consulting services has pushed EY's global revenue up by 4% to $53.2 billion (c. £39.6bn) for the financial year ending June 2025.
Highland Spring Group has recorded a 13.5% jump in sales to £148.2m as it continues to progress towards its stated ambition of £200m. A strong performance last year also enabled the Highland Spring brand to step closer toward its long-term goal of becoming the UK’s number one water
Aberdeen-founded environmental and engineering solutions firm RSK Group has reported a 21% rise in revenue to £2.2 billion for the financial year ending 6 April 2025. The results also showed a 13% increase in net fee income to £1.1bn and a 34% rise in cash at bank to £176.8 million

