Karen Peattie

Latest articles from Karen Peattie

Sharp decline in profits at Lloyds but bank upbeat

BANK of Scotland owner Lloyds Banking Group made a pre-tax profit of £3.3 billion in the first six months of the year – a sharp 14% decline from the £3.9bn reported this time last year although a better-than-expected performance predicted by some analysts.

Lloyds looks to cut costs and grow income as profit dips to £3.3bn

THAT Charlie Nunn was upbeat when delivering Lloyds Banking Group’s results for the first half of the year to June 30, 2024, is not surprising – although the chief executive can’t hide the fact that the group’s pre-tax profit of £3.3 billion in the first six months of the year saw a sharp 14% decline.

Drinks group benefits from enduring appeal of Scotch whisky and clever business model

THERE’S no doubt that the global appeal of Scotch whisky – Scotland’s largest export – continues to endure. In February, the Scotch Whisky Association has released export figures that show the value of Scotch exports topped £5.6 billion in 2023 with the equivalent of 1.35 billion 70cl bottles heading overseas, equating to 43 per second.

Edinburgh spirits group reaches ‘turning point’ as stock valued at over £100m

PIONEERING drinks group the Artisanal Spirits Company has undertaken an independent valuation of its Scotch whisky spirit stock, putting an estimated current value of cask inventory at £98.4 million which represents an uplift of around £76m, it revealed yesterday as it announced a trading update for the six months ended June 30.