SSE in £1.8bn capital spend as profits fall
Perth-based energy giant SSE said its adjusted profit before tax fell 13.3% to £475.8 million in the six months to September 30 compared to the same…
Perth-based energy giant SSE said its adjusted profit before tax fell 13.3% to £475.8 million in the six months to September 30 compared to the same…
Scotland’s First Minister Nicola Sturgeon said many people in America and across the world will “feel a real sense of anxiety” after Donald Trump won…
Edinburgh-based Tesco Bank said 9,000 customers were affected by the fraudulent transactions that hit the bank last weekend and that all customers affected were fully reimbursed by…
Scotland’s First Minister Nicola Sturgeon has confirmed that the Lord Advocate James Wolffe QC — Scotland’s most senior law officer — will lodge a formal application to…
Baillie Gifford’s flagship £4.7 billion equity closed-end fund — the Scottish Mortgage Investment Trust — said both its net asset value (NAV) and share price rose 25% on a…
Royal Bank of Scotland said it will set up a £400 million complaints and refund scheme for customers who allege they were mistreated by its “global restructuring group” small…
Scotland’s deputy First Minister John Swinney said the UK Government’s decision to reduce Scotland’s defence estate by 20% is a “huge blow for the country.” The Scottish…
Chevron North Sea said it finally started production at the Alder high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea discovered 41 years ago…
Scottish Equity Partners (SEP) said it raised £260 million for a new venture capital fund called SEP V which was over-subscribed and has closed above target. SEP…
Gas and electricity regulator Ofgem said it accepted legally binding commitments from Perth-based energy giant SSE following a Competition Act investigation into whether SSE’s behaviour could have impeded…
Oil & Gas UK has written to UK Chancellor Philip Hammond asking him to use his Autumn Statement later this month to boost investor confidence…
The chief executive of Edinburgh-based Tesco Bank has confirmed that over the weekend some of its customers’ current accounts were “subject to online criminal activity, in some cases…
Royal London — which includes the former Scottish Life and Scottish Provident businesses — said funds managed by the group have passed £100 billion for the first…
The UK government has announced that work for eight new Type 26 frigates at Glasgow shipyards will start in the summer of 2017, subject to final contract negotiations. UK…
The UK government said it will appeal a decision by the High Court that requires it to obtain UK parliamentary approval before starting the “Article 50” process of…
Souter Investments, the family investment office of Stagecoach Group founder and chairman Brian Souter, said it has generated a net return of 14% per annum since…
The Scottish peer who wrote Article 50 — the procedure by which the UK would leave the EU — told the BBC in an interview…
Chivas Brothers, the Scotch whisky and premium gin business of Pernod Ricard, said it plans to invest £40 million in a new state-of-the-art facility at its Kilmalid site…
About £700 million of EU funding contracts for structural funds, fisheries and farming projects that are agreed before the UK proposes to leave the EU…
Aberdeen City Council has announced the successful pricing of index linked bonds to raise £370 million to fund investment in the city’s “transformational capital and infrastructure programme.” The…
Evergrande Group, China’s second-largest property developer, has been unveiled as the company that is in early-stage talks to buy Edinburgh-based upmarket home builder Cala Group for up…
The Scottish Government has seized on new research from the National Institute of Economic and Social Research (NIESR) that says UK service exports could be cut…
Glasgow-based housebuilding firm Mactaggart & Mickel Group said its profit before tax rose from £9.8 million to £10.4 million in the year year ending April 30, 2016, while turnover fell slightly from…
Edinburgh-based Standard Life said it completed the acquisition of AXA Portfolio Services — which trades as Elevate — from AXA UK plc following Financial Conduct Authority consent. “The…
Wood Group’s Glasgow-based renewable energy consultancy SgurrEnergy has expanded its operations in Asia by opening an office in Hong Kong. SgurrEnergy said the move will allowing…
Specialist asset manager Gresham House said it will acquire a portfolio of five forests in the west of Scotland for £12.1 million as it announced the first close…
The Central Bank of Ireland said it fined Ulster Bank Ireland DAC, a unit of Royal Bank of Scotland, €3.325 million “in respect of anti-money laundering…
Edinburgh and Newcastle-based challenger bank Virgin Money said its gross mortgage lending rose 19% on the first nine months of 2015 to £6.5 billion, giving it…
Shares of Glasgow-based engineering giant Weir Group fell as much as 6.5% after it said it expects full year 2016 profits to be slightly lower than current market…