Latest news with #MartynKendrick
The National
2 days ago
- Business
- The National
Scotland business confidence higher than UK average
The Bank of Scotland's Business Barometer shows confidence in Scotland rose 12 points during May to 52%, compared to overall UK business confidence which rose by 11 points to 50%. This represents a 12% increase in confidence in Scotland compared to April. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, optimism in the economy rose 29 points to 48%, which analysts said 'gives a headline confidence reading of 52%'. READ MORE: 'Do something!': Question Time audience member in fiery row with Labour MP on Israel The Business Barometer, which surveys 1200 businesses monthly and which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide. Overall, UK business confidence increased 11 points in May to 50% – its highest level since August 2024. Firms' optimism in their own trading prospects strengthened six points to 56%, while confidence in the wider economy also climbed 16 points to 44%. In a six-month forecast, Scottish businesses identified target areas for growth as evolving their offering, for example by introducing new products or services (56%), investing in their team, for example through training (48%) and introducing new technology, for example AI and automation (36%). The East Midlands in England was the most confident area in the UK's nations and regions in May (66%), followed closely by the north east of England (65%). Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: 'Scottish business confidence has not only continued to rise, but has now remained above the UK national average for a sixth month in a row. 'Our country's businesses are setting out clear plans for growth, with more firms planning to take steps such as launching new products and services than anywhere else in the UK. 'This reflects a business community that has innovation and ambition in its DNA. We'll continue to support local businesses as they turn their plans into action.' READ MORE: Gaza ceasefire talks continue as Israel issues forced displacement orders Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: 'The rebound in business confidence suggests that firms might be in a stronger position for the next quarter. 'The rise in confidence is driven by a sharp increase in economic optimism, reflecting the recovery in financial markets amid more promising prospects for potential global trade agreements. 'Equally as encouraging is the fact that trading prospects, wage expectations and hiring intentions also saw improvements this month. The positive trends in these metrics are important signals for potential growth and resilience in the business community and the wider economy. 'While we know that fluctuations do occur month on month and the global economic outlook remains uncertain, this month's increase in confidence is an encouraging sign.'
The Herald Scotland
2 days ago
- Business
- The Herald Scotland
Business confidence in Scotland ‘higher than UK average' in May
Confidence in Scotland rose 12 points during May to 52%, according to the Bank of Scotland's Business Barometer, compared to 40% in April. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, optimism in the economy rose 29 points to 48%, which analysts said 'gives a headline confidence reading of 52%'. The Business Barometer, which surveys 1,200 businesses monthly and which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide. Overall, UK business confidence increased 11 points in May to 50% – its highest level since August 2024. READ MORE: Scotland's food and drink exports more than six times those of England per head 'Scotland's oldest whisky family' appoints new distillery chief Green light for new hotel at Scottish shopping centre site Firms' optimism in their own trading prospects strengthened six points to 56%, while confidence in the wider economy also climbed 16 points to 44%. In a six-month forecast, Scottish businesses identified target areas for growth as evolving their offering, for example by introducing new products or services (56%), investing in their team, for example through training (48%) and introducing new technology, for example AI and automation (36%). The East Midlands was the most confident region in May (66%), followed closely by the north-east of England (65%). Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: 'Scottish business confidence has not only continued to rise, but has now remained above the UK national average for a sixth month in a row. 'Our country's businesses are setting out clear plans for growth, with more firms planning to take steps such as launching new products and services than anywhere else in the UK. 'This reflects a business community that has innovation and ambition in its DNA. We'll continue to support local businesses as they turn their plans into action.' Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: 'The rebound in business confidence suggests that firms might be in a stronger position for the next quarter. 'The rise in confidence is driven by a sharp increase in economic optimism, reflecting the recovery in financial markets amid more promising prospects for potential global trade agreements. 'Equally as encouraging is the fact that trading prospects, wage expectations and hiring intentions also saw improvements this month. The positive trends in these metrics are important signals for potential growth and resilience in the business community and the wider economy. 'While we know that fluctuations do occur month on month and the global economic outlook remains uncertain, this month's increase in confidence is an encouraging sign.' Paul Kempster, managing director for commercial banking coverage at Lloyds Business and Commercial, said: 'The jump in business confidence for our regions and nations is encouraging. 'It's great to see that across many metrics, businesses are more hopeful for the future and are backing themselves for success in 2025. 'The East Midlands in particular saw the highest confidence levels at 66%, the highest the region has seen since 2018. 'As business confidence regains, we are committed to support businesses with a range of financial services to help them to seize opportunities and achieve their growth ambitions.' Show less
STV News
2 days ago
- Business
- STV News
Business confidence in Scotland ‘higher than UK average' in May
Business confidence in Scotland rose to higher than the UK national average in May, at 52%. Overall UK business confidence rose 11 points in May to 50% – the highest level in nine months. Confidence in Scotland rose 12 points during May to 52%, according to the Bank of Scotland's Business Barometer, compared to 40% in April. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, optimism in the economy rose 29 points to 48%, which analysts said 'gives a headline confidence reading of 52%'. The Business Barometer, which surveys 1,200 businesses monthly and which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide. Overall, UK business confidence increased 11 points in May to 50% – its highest level since August 2024. Firms' optimism in their own trading prospects strengthened six points to 56%, while confidence in the wider economy also climbed 16 points to 44%. In a six-month forecast, Scottish businesses identified target areas for growth as evolving their offering, for example by introducing new products or services (56%), investing in their team, for example through training (48%) and introducing new technology, for example AI and automation (36%). The East Midlands was the most confident region in May (66%), followed closely by the north-east of England (65%). Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: 'Scottish business confidence has not only continued to rise, but has now remained above the UK national average for a sixth month in a row. 'Our country's businesses are setting out clear plans for growth, with more firms planning to take steps such as launching new products and services than anywhere else in the UK. 'This reflects a business community that has innovation and ambition in its DNA. We'll continue to support local businesses as they turn their plans into action.' Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: 'The rebound in business confidence suggests that firms might be in a stronger position for the next quarter. 'The rise in confidence is driven by a sharp increase in economic optimism, reflecting the recovery in financial markets amid more promising prospects for potential global trade agreements. 'Equally as encouraging is the fact that trading prospects, wage expectations and hiring intentions also saw improvements this month. The positive trends in these metrics are important signals for potential growth and resilience in the business community and the wider economy. 'While we know that fluctuations do occur month on month and the global economic outlook remains uncertain, this month's increase in confidence is an encouraging sign.' Paul Kempster, managing director for commercial banking coverage at Lloyds Business and Commercial, said: 'The jump in business confidence for our regions and nations is encouraging. 'It's great to see that across many metrics, businesses are more hopeful for the future and are backing themselves for success in 2025. 'The East Midlands in particular saw the highest confidence levels at 66%, the highest the region has seen since 2018. 'As business confidence regains, we are committed to support businesses with a range of financial services to help them to seize opportunities and achieve their growth ambitions.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
Yahoo
3 days ago
- Business
- Yahoo
Business confidence in Scotland ‘higher than UK average' in May
Business confidence in Scotland rose to higher than the UK national average in May, at 52%. Overall UK business confidence rose 11 points in May to 50% – the highest level in nine months. Confidence in Scotland rose 12 points during May to 52%, according to the Bank of Scotland's Business Barometer, compared to 40% in April. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, optimism in the economy rose 29 points to 48%, which analysts said 'gives a headline confidence reading of 52%'. The Business Barometer, which surveys 1,200 businesses monthly and which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide. Overall, UK business confidence increased 11 points in May to 50% – its highest level since August 2024. Firms' optimism in their own trading prospects strengthened six points to 56%, while confidence in the wider economy also climbed 16 points to 44%. In a six-month forecast, Scottish businesses identified target areas for growth as evolving their offering, for example by introducing new products or services (56%), investing in their team, for example through training (48%) and introducing new technology, for example AI and automation (36%). The East Midlands was the most confident region in May (66%), followed closely by the north-east of England (65%). Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: 'Scottish business confidence has not only continued to rise, but has now remained above the UK national average for a sixth month in a row. 'Our country's businesses are setting out clear plans for growth, with more firms planning to take steps such as launching new products and services than anywhere else in the UK. 'This reflects a business community that has innovation and ambition in its DNA. We'll continue to support local businesses as they turn their plans into action.' Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: 'The rebound in business confidence suggests that firms might be in a stronger position for the next quarter. 'The rise in confidence is driven by a sharp increase in economic optimism, reflecting the recovery in financial markets amid more promising prospects for potential global trade agreements. 'Equally as encouraging is the fact that trading prospects, wage expectations and hiring intentions also saw improvements this month. The positive trends in these metrics are important signals for potential growth and resilience in the business community and the wider economy. 'While we know that fluctuations do occur month on month and the global economic outlook remains uncertain, this month's increase in confidence is an encouraging sign.' Paul Kempster, managing director for commercial banking coverage at Lloyds Business and Commercial, said: 'The jump in business confidence for our regions and nations is encouraging. 'It's great to see that across many metrics, businesses are more hopeful for the future and are backing themselves for success in 2025. 'The East Midlands in particular saw the highest confidence levels at 66%, the highest the region has seen since 2018. 'As business confidence regains, we are committed to support businesses with a range of financial services to help them to seize opportunities and achieve their growth ambitions.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
3 days ago
- Business
- The Independent
Business confidence in Scotland ‘higher than UK average' in May
Business confidence in Scotland rose to higher than the UK national average in May, at 52%. Overall UK business confidence rose 11 points in May to 50% – the highest level in nine months. Confidence in Scotland rose 12 points during May to 52%, according to the Bank of Scotland's Business Barometer, compared to 40% in April. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, optimism in the economy rose 29 points to 48%, which analysts said 'gives a headline confidence reading of 52%'. The Business Barometer, which surveys 1,200 businesses monthly and which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide. Overall, UK business confidence increased 11 points in May to 50% – its highest level since August 2024. Firms' optimism in their own trading prospects strengthened six points to 56%, while confidence in the wider economy also climbed 16 points to 44%. In a six-month forecast, Scottish businesses identified target areas for growth as evolving their offering, for example by introducing new products or services (56%), investing in their team, for example through training (48%) and introducing new technology, for example AI and automation (36%). The East Midlands was the most confident region in May (66%), followed closely by the north-east of England (65%). Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: 'Scottish business confidence has not only continued to rise, but has now remained above the UK national average for a sixth month in a row. 'Our country's businesses are setting out clear plans for growth, with more firms planning to take steps such as launching new products and services than anywhere else in the UK. 'This reflects a business community that has innovation and ambition in its DNA. We'll continue to support local businesses as they turn their plans into action.' Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: 'The rebound in business confidence suggests that firms might be in a stronger position for the next quarter. 'The rise in confidence is driven by a sharp increase in economic optimism, reflecting the recovery in financial markets amid more promising prospects for potential global trade agreements. 'Equally as encouraging is the fact that trading prospects, wage expectations and hiring intentions also saw improvements this month. The positive trends in these metrics are important signals for potential growth and resilience in the business community and the wider economy. 'While we know that fluctuations do occur month on month and the global economic outlook remains uncertain, this month's increase in confidence is an encouraging sign.' Paul Kempster, managing director for commercial banking coverage at Lloyds Business and Commercial, said: 'The jump in business confidence for our regions and nations is encouraging. 'It's great to see that across many metrics, businesses are more hopeful for the future and are backing themselves for success in 2025. 'The East Midlands in particular saw the highest confidence levels at 66%, the highest the region has seen since 2018. 'As business confidence regains, we are committed to support businesses with a range of financial services to help them to seize opportunities and achieve their growth ambitions.'
