Aluminum-clad timber windows and doors manufacturer NorDan UK has reported another record year with a turnover of £96.9 million in 2024, up from £85m in 2023. Craig Greenwood, who took over the reigns as managing director at the start of last year, said the results put the business on tr
Results
Harbour Energy's shares experienced a sharp decline on Thursday, falling by over 10%, following the announcement of an annual loss.
Returning the vowels to its name, Aberdeen Group, formerly abrdn, has reported a significant reduction in client outflows, dropping to £1.1 billion in 2024 from £17.6bn the previous year, following a period of business simplification. Despite a 6% dip in adjusted net operating revenue, t
Glasgow-based packaging provider, Macfarlane Group, has announced a 3% rise in pre-tax profits for 2024, reaching £20.9 million, despite a 4% decrease in revenue to £270.4m. The company's resilience comes amidst "challenging" market conditions, with its core packaging distribution busine
Aberdeenshire ice cream producer Mackie's of Scotland has reported a significant profit increase, driven by expanded supermarket distribution and successful marketing. Pre-tax profits rose by 67% to £2.24 million in the year to May, with turnover increasing by 7.2% to £22.3m. This turnar
Turnover at Thorntons has increased by 16% year-on-year as it continues to grow its legal services. Gross income grew to almost £44 million for the financial year ending May 31, 2024, compared with £37.8m the previous financial year. Profits rose by 35%, growing to £12.4m compared
Standard Chartered PLC has announced a further $1.5 billion (c. £1.2bn) share buyback following a 20% jump in underlying pre-tax profit to $6.8bn (c. £5.4bn) for the year ending 31 December 2024. This surge was driven by a 13% increase in operating income to $19.7bn (c. £15.6bn), w
Bank of Scotland-owner Lloyds Banking Group has reported a significant 20.4% drop in annual pre-tax profit, falling short of market expectations. The UK's largest mortgage lender posted a profit of £5.97 billion for 2024, down from £7.5bn in 2023, missing analysts' forecasts of £6.
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
Moore Global, one of the UK's largest mid-tier accountancy groups, has announced record revenues for 2024, boosted by private equity investment. The network of 227 member firms across 114 countries saw a 13% increase in revenue, reaching $5.1 billion (c. £4bn). While some of this growth came f
NatWest has announced a rise in annual profits, boosted by loan growth, improved margins, and low default rates, despite a weakening UK economy in the latter half of the year. The bank reported net income of £4.8 billion, up from £4.6bn the previous year.
Barclays CEO CS Venkatakrishnan has seen his pay more than double to £10.5 million, up from £4.6m in 2023. This substantial increase coincides with a 24% rise in the bank's annual pre-tax profits, reaching £8.1 billion. The profit surge was driven by a rebound in investment banking
Edinburgh-based consultancy Optima Partners – which helps businesses solve challenges by integrating AI, machine learning, and GenAI – has announced a record year of expansion, achieving 40% turnover growth in FY24. This hypergrowth, as defined by the World Economic Forum, puts the firm
The Di Maggio's Restaurant Group (DRG) has reported record annual turnover of £49.52 million for the year ending April 2024, an increase of £3.68m from the previous year. Operating profit before exceptional items also rose by £1.18m to £6.23m. These results come despite chall
Scottish soft drinks maker AG Barr saw its shares climb after reporting a 5% rise in annual revenue, driven by strong performances from its core brands. Turnover for the year ending 25 January is expected to reach approximately £420 million, up from £400m the previous year. Irn-Bru, Rubi