Edinburgh-based investment giant Abrdn said its first-quarter assets under management and administration (AUMA) rose 3.7% to £507.7 billion at March 31, 2024. Abrdn said its performance benefited…

SSE plc, the Perth-based energy infrastructure giant, on Wednesday updated the market that it expects full-year 2023-24 adjusted earnings per share to be between 152p and…

SSE plc, the Perth-based energy infrastructure giant, announced the appointment of Finlay McCutcheon as the new managing director of its SSE Thermal business, starting in…

Scotch whisky and drinks giant Diageo plc announced that current non-executive director John Manzoni will be appointed chair of its board on or around February…

Martin Gilbert’s asset manager AssetCo cited an “exceptionally difficult” year for the fund management sector as its total loss for the 12 months ended September 30,…

SSE plc, the Perth-based energy infrastructure giant, has responded to the news that the UK government is proposing to build new gas plants to improve energy…

Edinburgh-based investment giant Abrdn plc announced its 2023 results on Tuesday, saying its work to achieve at least £150 million of annualised cost savings “is now…

Virgin Money said on Wednesday it will purchase Abrdn’s 50% stake in their joint venture Virgin Money Investments “following the successful launches of its new…

Scotland is experiencing a start-up boom, with over 40,000 new businesses setting up shop last year – an increase of 12% on the number of…

SSE plc, the Perth-based electricity infrastructure giant, said on Thursday that SSE Renewables’ output over the first three quarters of the year was around 15%…

Scotland’s First Minister Humza Yousaf is in London this week to take part in a number of events in partnership with the City of London…

Edinburgh investment giant Abrdn plc confirmed on Wednesday it will axe 500 jobs as part of a “new transformation programme targeting an annualised cost reduction…

More than 38,000 new businesses were set up in Scotland last year, according to new research from R3, the UK’s insolvency and restructuring trade body….

Perth-based electricity infrastructure giant SSE has welcomed the announcement by the UK Government that it is opening a consultation on how it intends to support…

SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, has successfully issued a £500 million 20-year green bond maturing on January 15,…

SSE plc, the Perth-based electricity infrastructure giant, announced that Catherine Raw, managing director of its SSE Thermal business, will leave on April 12, 2024, to…

SSEN Transmission announced it will recruit 400 new employees across the north of Scotland in the next 12 months amid a £20 billion investment programme. SSEN…

Edinburgh asset management giant Abrdn and China Construction Bank, the second largest bank in China, signed a memorandum of understanding during the China International Import…

SSE plc, the Perth-based electricity infrastructure giant, said its capital investment expectations have been upgraded by £2.5 billion to £20.5 billion for its five-year investment…

By Mark McSherry Edinburgh-based investment giant Baillie Gifford revealed on Monday that its assets under management and advice have fallen again — this time to…

Trade body Scottish Financial Enterprise (SFE) has launched “Scotland’s new vision for financial services: a sector growth strategy using our technology and ecosystem advantage.” The plan aims to unlock…

Edinburgh-based investment giant Abrdn plc announced that its US subsidiary, Abrdn Inc, has entered into an agreement with First Trust Advisors L.P. to acquire the assets…

Total assets under management (AUM) at the world’s 500 largest asset managers amounted to $113.7 trillion at the end of 2022, according to new research…

Edinburgh investment giant Abrdn announced it agreed to sell its £7.5 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments. Abrdn manages and administers…

SSE plc, the Perth-based electricity infrastructure giant, has reported that its renewables performance remains below expectations, with output around 19% behind plan for the six…

Martin Gilbert’s asset manager AssetCo has confirmed the completion of its acquisition of Ocean Dial Asset Management Limited from Avendus Capital Asset Management (UK) Limited. This…

Margaret Lawson, a co-founder of Edinburgh’s SVM Asset Management, is to retire. London’s mutual fund trade press reported that her husband Colin McLean, also a co-founder…

Martin Gilbert’s asset manager AssetCo has announced the disposal of its 70% equity interest in Rize, a thematic ETF specialist, to Cathie Wood’s ARK Invest…

Aberdeen-based Wood plc has been selected as a preferred bidder on Scottish and Southern Electricity Network (SSEN) Transmission’s Accelerated Strategic Transmission Investment (ASTI) framework. The…

SSE plc, the Perth-based electricity infrastructure giant, said it successfully issued a €750 million 8-year green bond maturing September 5, 2031, at a fixed coupon of…

SSE plc, the Perth-based electricity infrastructure giant which has raised £2.5 billion in green bonds since 2017 — published on Wednesday an “updated sustainability financing framework” that…

Martin Gilbert’s asset manager AssetCo announced that the UK’s Financial Conduct Authority has approved its “change in control application” which will enable AssetCo to proceed with…

Codebase, the operator of Scotland’s Techscaler startup support network, said it will acquire CodeClan’s training materials and other assets from the liquidator. CodeClan, Scotland’s national…

Abrdn, the Edinburgh investment giant, said on Tuesday its assets under management and administration slipped 1% to £496 billion in the first half of 2023 as…

Royal London said its assets under management increased to £153 billion in the six months to June 30, 2023, from £147 billion at the end…

Highlands and Islands Airports Limited (HIAL) has reported a 10.4% year-on-year increase in passenger numbers for the first quarter of the 2023-24 financial year. During…

SSE plc, the Perth-based electricity infrastructure giant, said it continues to expect to report full-year 2023-24 adjusted earnings per share of more than 150p “on the…

Global assets under management at asset and wealth managers fell to $115.1 trillion in 2022 – nearly 10% below the 2021 high of $127.5 trillion…

The UK’s Financial Conduct Authority said it has reviewed liquidity management in asset managers and found “that firms need to increase their focus on liquidity…

SSEN Transmission announced it has signed a joint venture agreement with the UK’s National Grid Electricity Transmission (NGET) to build a 2 gigawatt (GW) subsea…

Martin Gilbert’s AssetCo announced that Campbell Fleming has decided to step down as chief executive officer “after overseeing the formation of the company, completing a…

AssetCo chairman Martin Gilbert admitted on Wednesday that “the business remains materially behind plan” amid “gloom” in the fund industry and that “we remain behind where…

Energy regulator Ofgem announced that SSE Generation Limited is to pay £9.78 million for “breaching its licence after securing excessive payments from the National Grid…

SSEN Transmission — part of SSE Plc — announced it has signed its first ever sustainability-linked Revolving Credit Facility (RCF), “further reinforcing the company’s commitment…

By Mark McSherry SSE plc, the Perth-based electricity infrastructure giant, unveiled plans on Wednesday that could see it invest up to £40 billion over the…

SSE Renewables has unveiled plans to convert its 152.5MW Sloy Power Station, the UK’s largest conventional hydro power plant, into a new pumped hydro storage facility…

Scottish businesses will be able to borrow more easily against assets such as whisky stores and machinery under legal reforms passed by the Scottish Parliament….

Scottish Friendly has reported that its total sales increased by 2% to a record £47.7 million in 2022 and that the mutual’s membership increased by 38,000…

Perth-based power giant SSE plc announced on Friday that Barry O’Regan will be appointed as its chief financial officer and as an executive director of…

Abrdn is considering a plan to individually sell a batch of private equity businesses which collectively have about £12 billion of investments, according to a…

Edinburgh-based investment giant Abrdn has confirmed it will cut more than 20% of its multi-asset investment team as part of a broader restructuring. Staff have been…

SSE plc, the Perth-based power giant, has raised its annual earnings expectations, helped by the strong performance of its flexible generation plant. Shares of SSE, the biggest listed…

SSE plc announced it will provide a £100 million investment boost into what could become the UK’s biggest pumped hydro storage scheme in 40 years….

Phoenix Group Holdings plc, the closed life and pension fund consolidator that owns the “old” Standard Life Assurance, said it expects to benefit from further…

Alliance Trust plc, the £3.1 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), announced that its 2022 total shareholder return…

Royal London said its 2022 operating profit before tax increased 58% to £210 million as adverse market impacts on its asset management revenues “were more…

Martin Gilbert’s fast-growing asset manager AssetCo said it agreed to acquire Ocean Dial Asset Management Limited from Avendus Capital Asset Management (UK) Limited for £4.125 million…

Equinor UK Limited said it has signed an agreement to acquire Suncor Energy UK Limited for $850 million. The transaction includes a non-operated interest in…

Edinburgh investment giant Abrd reported IFRS loss before tax of £615 million for the year ended December 31, compared to a £1.1 billion profit in…

AssetCo chairman Martin Gilbert said the fund manager continues to seek acquisition opportunities even as the firm reported a loss of £9.2 million for the…

By Mark McSherry The Abrdn China Investment Company reported that its net asset value (NAV) total return was -37.0% in the year to October 31, 2022,…

Aberdeen-based transport giant FirstGroup plc has announced an agreement to purchase Essex-based Ensign Bus Company Limited. FirstGroup shares rose about 5%. “The acquisition of the Ensignbus…

SSE Renewables has published a report that sets out the company’s plans to “better co-exist with fisheries when building and developing offshore wind energy.” The…

Edinburgh-based oil and gas firm Capricorn Energy announced that it has conceded victory to shareholder pressure with CEO Simon Thomson, chair Nicoletta Giadrossi and several directors…

SSE plc, the Perth-based electricity infrastructure giant, on Friday raised its annual earnings forecast and said it would invest any additional profit it makes into low-carbon electricity infrastructure….

M&G plc, the international saving and investment business, announced the appointment of Joseph Pinto as its next chief executive officer of M&G Asset Management. Pinto…

The Scottish Government’s newly-published energy strategy has been branded a “breathtaking betrayal” of the oil and gas sector by Russell Borthwick, the chief executive of…

Legal & General Capital announced that it committed around £5 billion towards “levelling up” the UK’s towns and cities across 2022, driving regional economic growth,…

Bath Rugby has confirmed the signing of Scotland fly-half Finn Russell, who will join the English club following the 2023 Rugby World Cup after four…

SSE Thermal announced it is developing a “first-of-a-kind” project in the Humber area of North East England which would unite hydrogen production, storage and power…