News

Following a tumultuous week that saw two of its chief executives resign, Natwest (NWG) has reported a strong interim performance for the first half of 2023, with total income rising from £6.22 billion to £7.73bn year-on-year, and net interest income increasing to £5.73bn from &pou

For the first half of 2023 TSB has reported a significant rise in pre-tax profits, reaching £147.9 million, a 43.7% increase compared to £102.9m in the first half of 2022. The income increase of 11% to £584.5m is mainly attributed to the higher interest rate environment, somewhat o

Scottish retail vacancy rates have risen to a concerning 15.9% in Q2 2023, marking a 0.2 percentage point increase from the same period in 2022, with high street and shopping centre vacancies hitting 15.1% and 20.7%, respectively, according to Scottish Retail Consortium and Local Data Company's Q2 2

Asset management firm abrdn has appointed Jason Windsor as its new chief financial officer and executive director. Scheduled to take up his new role by October 2023, Mr Windsor brings to abrdn almost three decades of experience within the financial services industry. He spent more than a decade with

Glasgow's Allied Vehicles Group has secured a £1.3 million grant from Scottish Enterprise towards a £3.9m project aimed at innovating vehicle conversion processes for hybrid and electric wheelchair accessible vehicles. Visiting the firm this week to witness the company’s growth pla

Real estate advisor CBRE has released its latest figures on the Scottish office market during the second quarter of 2023, showing a shifting landscape.

Stewart Milne Group said today it will resume the process of selling the company after it delivered its best results for almost a decade. The housebuilding business was put up for sale in April last year when its founder and main shareholder Stewart Milne decided to retire after nearly half a c

New research from the Grant Thornton UK LLP's Business Outlook Tracker has indicated that India is a vital target for international growth among mid-sized Scottish businesses. The study highlights that 36% of Scottish business leaders are planning to expand internationally within the forthcoming six

Scottish book publisher Sandstone Press has entered liquidation and appointed Margo McLenan, of McLenan Corporate, as liquidator due to strenuous trading conditions. Founded in 2002, the Dingwall-based firm, known for its diverse collection of fiction and non-fiction titles, has twice been name

Lloyds Banking Group, owner of the Bank of Scotland, has reported a surge in half-year profit despite facing a slowdown in the second quarter due to increased competition for mortgages and savings, as well as higher provisions for bad loans.

Emma Reid, a young financial adviser from north-east Scotland, is making waves in the financial advisory sector as a finalist in two categories at the 2023 Professional Adviser Women in Financial Advice Awards. Shortlisted for the "Financial Adviser of the Year Scotland & Northern Ireland" and "

Edinburgh-based tech firm Grafterr has launched a new platform set to reshape operations within the multi-location hospitality sector. Grafterr Enterprise, a point-of-sale (POS) and management software, is tailored for multi-site food and beverage enterprises, integrating services like POS, customer

FinTech Scotland and Smart Data Foundry have joined forces to launch a UK Fintech innovation challenge in collaboration with UK banks. This innovation challenge seeks to find innovative solutions that will support and strengthen the relationships between Financial Institutions and their SME clients.

Barclays has posted its half-year results, showing a 22% increase in pretax profit to £4.6 billion, for the six months ending 30 June 2023.

Aberdeen-based integrated logistics and materials management firm ASCO has appointed Mike Pettigrew as its new CEO, effective from 2 October. Mr Pettigrew will take over from the incumbent CEO, Peter France, as part of a planned leadership transition.