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Results & Updates

Misses analysts' forecasts

Profits up 24% at Lloyds Bank, unveils higher dividend

Lloyds Banking Group
Lloyds has made a further PPI provision (pic: Terry Murden) Profits after tax at Lloyds Banking Group rose 24% to £4.4bn in 2018, weaker than analysts’ expectations of £4.6bn, althoughRead More

Biggest income since conversion

Record growth at Martin Aitken & Co as Airlie signs off

Martin Aitken Ewen Dyer, Gavin Curr, Duncan MacCaig, Adrienne Airli
Top team: Ewen Dyer, Gavin Curr, Duncan MacCaig, Adrienne Airlie   Accountancy practice and business adviser Martin Aitken & Co has recorded its biggest increase in turnover since the partnershipRead More

City round-up

China slowdown hits HSBC; vegan rolls feed Greggs

HSBC
HSBC Europe’s largest bank has been hit by the slowdown in China and its shares fell 2% in Hong Kong. It posted a near-16% rise in profit before tax ofRead More

McEwan urges certainty on Brexit

RBS beats profit forecast and unveils special dividend

Ross McEwan at agm
Ross McEwan: ‘The longer Brexit delays drag on, the harder it is for business to invest’ (pic: Terry Murden)   Royal Bank of Scotland chief executive Ross McEwan warned thatRead More

Challenging conditions

Aegon restores service level as group profits slump

Adrian Grace
Pensions company Aegon has restored service levels following problems migrating former Cofunds users to its platform in May. Adrian Grace, chief executive, (pictured) said that between July and December “significant strides”Read More

Record year for digital firm

Commsworld breaks through £20m revenue milestone

Ricky Nicol
Ricky Nicol: ‘outstanding year’ (pic: Terry Murden)   Digital connectivity firm Commsworld expects to confirm its most successful year to date with revenues breaking through £20 million – up 41% Read More

Interim report

Celtic’s £20m revenue blow after Champions League exit

Ian Bankier and Peter Lawwell of Celtic
Celtic chairman Ian Bankier (left) and chief executive Peter Lawwell will continue to follow a self-sustaining financial model (pic: SNS Group)   Celtic’s failure to reach this season’s Champions LeagueRead More

Turnover up at restaurant chain

Buzzworks defies slowdown with plans for new outlets

Scotts Port Edgar
Eastern expansion: Scotts at Port Edgar (pic: Terry Murden)   Hospitality group Buzzworks Holdings has reported a 9% increase in turnover to £16.2m for 2018 (2017: £14.8m) as it plansRead More

Model gives team a boost

Employee ownership credited for Jerba’s record year

Founder Simon Poole and some of his Jerba Campervans employees
Simon Poole (centre) and employees who now own the business   A company specialising in converting vehicles into campervans says becoming employee owned has contributed to its most successful year ofRead More

Waiting for decarbon plan to be revived

SSE cuts earnings forecast after ruling on green subsidy

Ferrybridge (SSE)
The scheme was designed to tackle carbon emissions (pic: SSE)   Energy giant SSE has downgraded its annual earnings forecast following a European court ruling against UK government support forRead More