Results

Global drilling waste management company TWMA has posted its second quarter 2024 earnings of $19.5 million (c. £14.85m) and operating profit of $4.9m (c. £3.73m). The Dyce-headquartered firm has seen a year-on-year revenue increase of more than $2m (c. £1.52m). Global utilisation o

Burges Salmon has reported a 27% increase in turnover to £163 million, and a 46% increase in net profit to £50.5m from £34.6m. The independent UK law firm, which recently celebrated the fifth anniversary of its Edinburgh office, today published its results for the financial year en

Chivas Brothers, Pernod Ricard's Scotch whisky arm, has posted its 2024 full year results revealing a decline in net sales of -1.6%, but a strong rebound in the second half. The results reflect stabilisation against a record prior year, with a -6% dip in H1 offset by +5% growth in H2. Favourable pri

Unity Trust Bank has posted strong half-year results as it celebrates its 40th anniversary. Net lending increased to £1.032 billion, with 40% of loans allocated to organisations in areas of high deprivation, 57% specifically supporting disadvantaged or marginalised groups, and 59% going to org

Macfarlane Group has posted an 8% year-on-year reduction in its pretax profits from £10 million to £9.7m for the first half of 2024. Likewise, overall revenues fell 8% from £141.6m to £129.6m. This was largely driven by an 11% revenue drop in the packaging distribut

Wood Group reported a significant pretax loss of almost $1 billion (c. £770m) in the first half, primarily due to an impairment charge related to its 2017 acquisition of Amec Foster Wallace. Despite this, the company remains optimistic about its future, with CEO Ken Gilmartin emphasising plans

The Scottish National Investment Bank has posted a £14.6 million pre-tax loss while committing £224.6m to 20 companies in its third year. The 2023/24 investment enabled a further £400m in additional investment alongside the bank.

Addleshaw Goddard, which has offices in Edinburgh, Glasgow and Aberdeen, has announced revenue of £496 million for the past financial year, representing growth of 12%. The firm's performance was driven by material investments in tech, core practices and priority sectors alongside office openin

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.

Fife builder Muir Homes is to pivot away from the north east in favour of a central Scotland focus in an attempt to return to profitability and long-term growth.

Edinburgh-headquartered private bank Hampden & Co has reported significant demand for personalised banking over the first half of 2024 as deposits, lending and client numbers all grew by double-digits. Total deposits across current, call, notice and term accounts increased by 15.8% year-on-year

Turnover at Gillespie Macandrew has increased 5.5% to £17.7 million as profits reached £5.25m, its latest financial results show. Progress was driven by strong results in each of the firm’s four core sectors, land & rural business, energy, private client and commercial rea

HSBC Group has announced a further $4.8 billion (c. £3.7bn) payout to shareholders, comprising a $3bn (c. £2.3bn) share buyback and $1.8bn (c. £1.4bn) in dividends. This comes as the bank reported a 1.5% increase in pre-tax profit to $8.9bn (c. £6.9bn) for the second quarter.

Irn-Bru maker AG Barr has reported strong sales growth for the first half of the year, driven by the success of its soft drinks brands, particularly Irn-Bru, during the Euros. Revenue for the period is expected to be around £221 million, a 5% increase compared to the same period last year.

Drinks giant Diageo has reported its first decline in global sales since the pandemic, however, the UK defied the trend, thanks to a surge in popularity of Guinness and related products. Sales of Guinness and its variants, such as Guinness 0.0 and Nitrosurge, soared in the UK, leading to a 5% increa