Irn-Bru manufacturer AG Barr has encountered a contraction in profit margins, declining to 12.5% for the half-year from 16.2% in the previous year due to a decision not to fully relay the inflation impact on costs to the consumers. This choice was made in light of the intention to maintain consumer-
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Circularity Scotland has accounted for £4.5 million of the Scottish National Investment Bank's £17.8m unrealised loss, according to the bank's latest full year accounts. Just a little over two years since its inception, the bank has significantly influenced the Scottish economy by commit
Edinburgh-based retail cooperative Scotmid has disclosed the upcoming retirement of its longstanding chief executive, John Brodie, next year, coinciding with the announcement of a trading profits rise to £1.5 million, an increase of £400,000, for the 26 weeks concluding at the end of Jul
The British Business Bank (BBB) reported a £135 million post-tax loss in its latest financial year, predominantly due to a dip in tech company valuations. The bank experienced a £146m loss on its investment portfolio in the year to March, contrasted with a £619m gain in the precedi
Elgin-based housebuilder Springfield Properties has seen its share price take a hit after it suspended its dividend payments amid significant financial and housing market challenges. Despite having delivered the firm's "highest level of annual completions and revenue", with total revenue growing 29%
Celtic Football Club has revealed record annual pre-tax profits of £40.7 million, boosted by a triumphant return to the Champions League and other strategic moves.
The Artisanal Spirits Company, the owner of The Scotch Malt Whisky Society (SMWS), has reported a 3% increase in revenue to £10.2 million in its half-year results ending 30 June 2023, coinciding with the company's celebrations for 40 years in business. The group remains confident of
Scottish woollen garment manufacturer Johnstons of Elgin is set to expand production following a robust sales performance and job creation despite a challenging economic landscape. Led by CEO Chris Gaffney, The family-run business, headquartered in the Highlands with additional facilities in the Sco
In a year marked by challenges and transformation, Peter Vardy Group showcased resilient financial performance reporting a 5% year-on-year increase in turnover, taking the figure to £609 million for the year ending 31 December 2022. However, profitability faced headwinds, with earnings before
Dunfermline-based furniture and fitout specialist Deanestor has reported an impressive financial performance, bouncing back to pre-pandemic profit levels and experiencing a 35% increase in turnover, which reached £19 million in the year ending 31 December 2022.
Macfarlane Group PLC has reported a pretax profit of £10 million, up 13% from last year, in its financial results in the first half of 2023. Revenue at the firm saw a modest rise of 2%, standing at £141.6m compared to the previous year's £139.2m, and the company's operating profit
Aberdeen-based oil engineering firm Wood Group has raised its full-year revenue and profit forecasts on the back of a series of significant contract wins.
Macdonald & Muir, the owner of whisky brands Glenmorangie and Ardbeg, has posted a surge in pre-tax profit of almost 60%, reaching £46.9 million in 2022. This rise is up from £29.5m the previous year. The company’s turnover also witnessed a notable increase of 47%, amounting to
Turnover at Gillespie Macandrew has reached £16.8 million, representing an increase of 11% on the previous year. The firm's financial results for the year ending 28 February 2023 indicate that it has achieved double digit income growth for the second consecutive year.
Edinburgh-based asset manager abrdn has reported a challenging first half of 2023, witnessing a withdrawal of £4.4 billion by clients, a significant 16% increase compared to the same period in the previous year. This reflects the heightened inflation and interest rate concerns which have shake