SSE plc, the Perth-based electricity infrastructure giant, said it has trimmed its five-year investment expectations by £3 billion to around £17.5 billion “reflecting financial discipline…

By Mark McSherry Financial industry leaders on Tuesday set out ambitious plans to unlock growth in Scotland’s investment management sector with a plan to double assets…

Scottish Friendly, the Glasgow-based mutual, has announced 2024 sales of £50.6 million, the second-highest sales in its 163-year history. Total assets under management stood at £4.2…

Edinburgh-based investment giant Aberdeen said its assets under management and administration (AUMA) fell to £500.1 billion in the first quarter from £511.4 billion at the…

Financial mutual Scottish Friendly has announced the acquisition of pension and annuity in-payment books of business from Fidelity International. The deal will see Scottish Friendly’s assets…

Scottish and Southern Electricity Networks (SSEN) has published details of a new £450 million investment to improve the north of Scotland’s local electricity networks. The investment…

SSE plc, the Perth-based electricity infrastructure giant, said on Wednesday its renewables output is expected to have increased by around 17% year-on-year “reflecting capacity additions…

SSE plc, the Perth-based electricity infrastructure giant, on Friday announced the appointment of its chief commercial officer Martin Pibworth as chief executive designate “following a competitive recruitment…

Standard Life, part of Phoenix Group, on Monday reported a 13% growth in Workplace net fund flows of £5.3 billion in 2024, taking its Workplace…

SSE plc, the Perth-based electricity infrastructure giant, said it successfully sold a new €600 million 7-year green bond maturing on March 18, 2032, with a coupon…

The University of Dundee has announced plans to cut 632 full-time equivalent jobs in a set of proposals “to address significant financial challenges and achieve…

Seagreen Wind Energy Limited (SWEL), a joint venture owned by SSE Renewables (49%), TotalEnergies (25.5%) and PTTEP (25.5%), announced that it has signed an agreement…

Martin Gilbert’s asset manager AssetCo changed its name on Friday to River Global — a day after the investment firm announced its results for the year…

Mutually-owned Royal London, the life insurance, pensions and investment company, announced its 2024 results showing assets under management increased to a record £173 billion and…

SSE plc Chief Commercial Officer Martin Pibworth has been appointed CBI Scotland Chair. SSE plc, the Perth-based electricity infrastructure giant, is the largest listed firm…

SSE announced that its Chaintrix-Bierges and Vélye Wind Farm in northeast France is fully operational after completing the 28MW onshore wind farm. This is the…

Scottish Widows grew its workplace pensions assets under administration by 17% to £108 billion in 2024. The business is part of Lloyds Banking Group, which…

SSE plc, the Perth-based electricity infrastructure giant, said generation output from SSE Renewables over the first nine months of its financial year was 26% higher…

Martin Gilbert’s asset manager AssetCo announced more details on its previously announced proposals for a share reorganisation and its plan to change its name to…

Edinburgh investment giant Abrdn said on Tuesday its assets under management and administration (AUMA) rose 3% in 2024 to £511 billion, with a 1% increase…

Edinburgh Airport said on Friday it has welcomed a record 15 million passengers in 2024, a milestone achieved for the first time ever at a…

By Mark McSherry S&P Global Ratings has reaffirmed its credit rating of Perth-based electricity infrastructure group SSE plc at BBB+ but has lowered its outlook…

SSE and Siemens Energy have launched “Mission H2 Power” – a multi-million-pound co-investment which aims to deliver gas turbine technology capable of running on 100%…

SSEN Transmission, the 75%-owned subsidiary of Perth-based SSE plc, said it will submit to the UK energy regulator Ofgem its plans to deliver at least…

SSEN Transmission announced that local Fraserburgh firm David Smith Contractors Ltd has been awarded a multi-million-pound contract to help deliver a new HVDC converter station required as…

Edinburgh-based investment group Abrdn has announced big changes in its multi asset and alternatives leadership team. Darren Wolf has been promoted to Global Head of…

PwC’s 2024 Asset & Wealth Management Report has reported that 73% of asset and wealth management (AWM) organisations say AI is seen as the most…

SSE plc, the Perth-based UK electricity infrastructure giant, said its adjusted profit before tax rose 26.4% to £714.5 million in the six months to September…

SSE plc, the Perth-based electricity infrastructure giant, said CEO Alistair Phillips-Davies has informed the board that he intends to retire from SSE during 2025 after more…

Royal London Asset Management (RLAM) has announced the appointment of Richard Saldanha, Francois de Bruin and Matt Kirby to its Equity Team, and the appointment…

Perth-based electricity infrastructure giant SSE plc said it has launched a new £10 million hydro community benefit fund, aimed at supporting projects within areas that…

By Mark McSherry Scotland’s natural assets contribute more than £40 billion to the economy and support around 260,000 jobs, according to a new report called…

Perth-based electricity infrastructure giant SSE plc announced the appointment of a new independent non-executive director, Hixonia Nyasulu, who will join the board on January 1,…

Perth-based electricity infrastructure giant SSE plc is set to expand its operations in Glasgow after securing 62,000 sq ft across four floors in Aurora, 120…

The recently-merged Alliance Witan investment trust announced the completion of the transition of assets from Witan Investment Trust to Alliance Witan following shareholder approval for…

By Mark McSherry Perth-based electricity infrastructure giant SSE plc and its subsidiary SSEN Transmission have signed new sustainability-linked Revolving Credit Facilities totalling £3 billion through…

By Mark McSherry SSEN Transmission has pledged to support the building of more than 1,000 new homes across the north of Scotland as the important…

Canadian decarbonised heating specialist Noventa Energy has acquired three heat-from-wastewater assets from a subsidiary of Scottish Water. Noventa said it will now apply its proprietary…

Portugal’s main power utility EDP initiated merger discussions with Perth-based electricity infrastructure giant SSE earlier this year, but talks did not progress, according to a Reuters…

Scotland’s most important business organisations have called on UK finance minister Rachel Reeves to reduce the tax burden on Scotch Whisky in her first Budget…

Royal London Asset Management (RLAM) announced the appointment of Phil Reid as Head of Sales, a newly created role. Royal London Asset Management manages £169…

Edinburgh and London-based private bank Hampden & Co said Tracey Davidson has taken over as its new chief executive officer, succeeding Graeme Hartop, who stepped…

SSE plc, the Perth-based electricity infrastructure giant, said its renewables output for the six months to September 30, 2024, was 44% higher when compared to…

Edinburgh-based fund manager Walter Scott & Partners said its assets rose 6% to £73.3 billion in the year to December 31, 2023, but turnover was flat…

SSE Renewables has updated investors on the delayed completion date for the Dogger Bank A section of the Dogger Bank Wind Farm. Dogger Bank will be…

Legal & General Group (L&G) announced the appointment of Eric Adler as CEO of its asset management business, subject to regulatory approval. “The appointment follows…

Edinburgh-based Aegon Asset Management said its Multi-Asset Credit mandate is now live, with an initial investment of £720 million from Aegon UK. The Multi-Asset Credit…

SSE Renewables contributed over £2 billion to the UK and Irish economies over its last financial year and supported 16,000 green jobs. That’s according to…

Edinburgh-based Aegon Asset Management has announced the return of Neil Goddin to the business in a new role as head of equities and multi-asset, effective…

The British Chambers of Commerce (BCC) has called for an independent taskforce to examine energy transition in the North Sea to “safeguard tens of thousands…

SSE said it has been informed that Cloiche Wind Farm has been successful in the UK’s sixth Contracts for Difference (CfD) Allocation Round and is…

Royal London Asset Management (RLAM) announced the appointment of two fund managers and three analysts to its equity team as it continues to build “high…

SSE plc, the Perth-based electricity infrastructure giant, announced that the Shetland Islands have been connected to the GB electricity grid for the first time. SSE…

SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, said it successfully launched its debut issuance in the Euro bond market with…

SSE Renewables announced that exploratory tunnelling at the site of what would be the UK’s first large-scale pumped storage scheme to be developed in 40…

Shares of Abrdn rose as much as 5% on Tuesday after it reported first-half results showing assets increasing slightly to £506 billion and total group net inflows…

Royal London said in its 2024 first-half results on Friday that its assets under management increased to £169 billion from £162 billion at the end…

Independent UK oil and gas producer Viaro Energy confirmed on Tuesday it would buy UK Southern North Sea natural gas assets owned by Shell and Exxon…

SSE, the Perth-based electricity infrastructure giant, has announced plans to progress a new pumped storage hydropower scheme at Loch Fearna in Scotland’s Great Glen in a…

Perth-based electricity infrastructure giant SSE said it has been granted planning permission for a solar farm located on lands near its existing 18 turbine Richfield…

A global tech outage crippled many industries from airports to finance and hospitals for hours on Friday before services started coming back online. The outage…

Perth-based electricity infrastructure giant SSE said renewable output in its first quarter was 60% higher than the same period last year “reflecting a return to…

TotalEnergies and Perth-based energy giant SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging…

Perth-based SSE and Norway’s Equinor have finalised commercial terms for a potential expansion of the Dogger Bank Wind Farm known as Dogger Bank D. Dogger…

Perth-based electricity infrastructure giant SSE and its partners have announced they are moving forward with development of 2GW offshore wind farm in the Dutch North…

SSE has announced Denmark’s Vestas as the turbine supplier for its 12 turbine, 50MW Aberarder Wind Farm in the Scottish Highlands. Vestas will supply and…

Scottish Rugby said a two-year timetable to “reset” its financial position has been agreed by the boards of both Scottish Rugby Limited and the Scottish Rugby…

Martin Gilbert’s asset manager AssetCo said it is in “advanced discussions” for two potential joint ventures and that it is proposing to change the firm’s name to…

SSE plc, the Perth-based electricity infrastructure giant, announced it is submitting an offshore planning consent application to Ireland’s planning authority An Bord Pleanála this week…

The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City is continuing at pace following the completion of the second major building on the…