Hsbc

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

A Caithness-based distiller will transform a historic grain mill into a whisky distillery having acquired the site supported by a £2 million funding package from HSBC UK. Situated at the west end of Dunnet Bay, the Castletown Mill is a large, traditional stone-built water-powered grain mill, w

A family-run recycling and waste management group is set to more than triple the volume of material it recycles thanks to a seven-figure backing from HSBC Equipment Finance UK.

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.

HSBC Holdings plc has appointed Georges Elhedery as group chief executive, taking effect from 2 September 2024. HSBC Group chairman, Sir Mark Tucker, said: “I am delighted to confirm Georges as the next HSBC group chief executive.

A new survey by HSBC UK reveals Scots are more confident about their debt management knowledge than the rest of the UK, as 72% of Scottish respondents understand debt consolidation, exceeding the UK average. In Glasgow, this figure rises to 76%, demonstrating a strong awareness of financial options.

Nearly nine in ten (87%) 16-24 year olds have a savings account – more than any other age group, according to new data from HSBC UK.

The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.