SSE issues €1.3bn in hybrid capital securities
SSE plc, the Perth-based electricity infrastructure giant, announced on Tuesday the issuance of €1.3 billion in hybrid capital securities through a dual tranche offering, These…
SSE plc, the Perth-based electricity infrastructure giant, announced on Tuesday the issuance of €1.3 billion in hybrid capital securities through a dual tranche offering, These…
SSE plc, the Perth-based electricity infrastructure giant, has reported revenue of £10.187 billion for the year ended March 31, 2026, up from £10.132 billion the…
Edinburgh-based investment giant Aberdeen Group plc said on Wednesday its assets under management and administration (AUMA) “recovered strongly” from outflows in the first quarter to…
The chief executive of SSE plc, the Perth-based electricity infrastructure giant, said the UK needs to “finish building the UK’s clean energy system.” Martin Pibworth…
SSE plc, the Perth-based electricity infrastructure giant, said its renewable generation output is expected to be around 14.5 TWH for the year ended March 31,…
SSE plc, the Perth-based electricity infrastructure giant, said its Ferrybridge Battery Energy Storage System (BESS) in West Yorkshire is now fully operational, marking the successful…
Anderson Strathern Asset Management Limited (ASAM) has appointed Arlene Ewing as managing director as it looks to grow its team and services across Scotland. “Arlene…
Savings and retirement giant Standard Life plc said it delivered £1 billion of free cash flow in 2025, comfortably covering its dividend of £548 million…
Mutually-owned Royal London, the life insurance, pensions and investment company, has announced its 2025 results showing assets under management increased to a record £199 billion,…
Edinburgh-based investment firm Aberdeen Group plc said its profit before tax rose 72% £442m in 2025, a figure that included “a gain of £236m from…
SSEN Transmission said it has accepted a new five-year funding settlement from energy regulator Ofgem — securing a big programme of investment for grid upgrades…
Debt rating giant Moody’s Ratings said it has affirmed its Baa1 long-term issuer and senior unsecured ratings of SSE plc, the Perth-based electricity infrastructure giant,…
SSEN Distribution, part of SSE plc, announced the five contract partners it will work with to deliver future investment of up to £950 million in…
SSE plc, the Perth-based electricity infrastructure giant, said on Wednesday that “momentum continues” behind delivery of its five-year, £33 billion investment plan, with a number…
Canada Life Asset Management has announced the acquisition of the ground lease of InterContinental Edinburgh – The George. Operated by IHG under the InterContinental brand,…
Edinburgh Airport, part of France’s Vinci Airports network, said it welcomed a record of almost 17 million passengers in a single year in 2025 —…
Edinburgh-based investment giant Aberdeen Group plc said its assets under management and administration (AUMA) rose 9% to £556 billion year-on-year in the fourth quarter of…
SSEN Transmission said it has awarded one of the world’s leading cable manufacturers — Denmark’s NKT — €2 billlion worth of major contracts to manufacture…
SSE plc, the Perth-based electricity infrastructure giant, said it has successfully secured a 20-year contract for 1.4GW of low carbon offshore wind power from Phase…
The Scottish National Investment Bank has invested £20 million in Renewco Power, a Glasgow-headquartered renewable energy developer, via a fund managed by Corran Capital, a…
The UK’s National Wealth Fund has announced an £800 million financial guarantee to support SSEN Transmission’s delivery of four major grid upgrade projects underway in…
SSEN Transmission has agreed its biggest housing deal so far, with Elgin-based housebuilder Springfield Group, in a significant step forward for its commitment to contribute…
NatWest, the bank formerly known as RBS, announced that it has exceeded its ambitious target of lending £2 billion to female-led businesses by the end…
The Scottish Chambers of Commerce (SCC) has warned that “businesses are on the brink” following the UK Chancellor’s Autumn Budget. SCC said it is deeply…
Shares of SSE plc, the Perth-based electricity infrastructure giant, rose as much as 11% to a record high on Wednesday after it announced “a transformational, fully-funded,…
NEO NEXT Energy, a joint venture between Repsol and NEO, has exercised its pre-emption rights over BP’s P111 and P2544 licenses, blocking Serica Energy’s proposed…
SSE plc, the Perth-based electricity infrastructure giant, is exploring funding options including a share sale that could raise billions of pounds, as the utility seeks capital…
SSEN Transmission said it has signed two major agreements to help deliver new homes across the north of Scotland. The deals are the the first…
New research commissioned by top Scottish law firm MFMac (Morton Fraser MacRoberts) has found that 48% of Scottish business leaders rate the availability of investment capital in…
Aberdeen Group plc said on Wednesday its assets under management and administration (AUMA) have risen 6% year to date to £542.4 billion but that “net flows…
The CEO of SSE plc, the Perth-based electricity infrastructure giant, has outlined the urgent need to upgrade the UK’s energy grid and “stop relying on…
Iberdrola, the Spanish energy giant that owns ScottishPower, has sounded out rivals this year about a possible merger deal with its UK retail business, according…
Serica Energy plc said on Monday it agreed to acquire all of BP’s stake in the P111 and P2544 licences in the UK Central North…
SSE plc, the Perth-based electricity infrastructure giant, said on Thursday that “adjusted investment in networks” is expected to increase by 60% to £1.1 billion in…
Edinburgh-based fund manager Walter Scott & Partners said its assets under management — discretionary and advisory — slipped 2% to £72 billion in the year…
Savings and retirement giant Phoenix Group said on Monday it will pull around £20 billion from Aberdeen as it moves more of its annuity-backing assets…
Royal London Asset Management, the £181 billion fund management arm of Royal London, the UK’s largest mutual life, pensions and investment company, announced the appointment…
Had-Fab, the Tranent-based structural engineering and metal fabrication firm, has secured more than £100 million of contracts with SSEN Transmission in the north of Scotland….
SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, said on Tuesday it has successfully launched its second issuance in the Euro bond…
Perth-based SSE Renewables announced the appointment of Sandie Lengden as the new Project Director for Berwick Bank, which the firm believes will become the world’s largest single offshore…
Edinburgh-based investment giant Aberdeen Group published first-half results on Wednesday, showing assets under management and administration (AUMA) of £517.6 billion, up from £511.4 billion at…
SSE plc, the Perth-based electricity infrastructure giant, said hot weather conditions in the UK across April and May resulted in a 4% decrease in output…
SSE plc, the Perth-based electricity infrastructure giant, said on Thursday it welcomes the decision by the UK government to retain a national pricing system for wholesale…
Perth-based SSE plc said it successfully launched a dual tranche issue of €1.3 billion in hybrid capital securities, a financial instrument which is subordinate to…
The Scottish Shellfish Farm Production Survey 2024 has been published — showing record levels of mussel production but a 38% fall in oyster production at…
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…