SSE sells €1.3bn in hybrid securities to fund growth
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…
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…
A new dedicated Scottish green finance initiative has been launched with the aim of unlocking up to £40 billion a year of investment into green…
Royal London said it agreed to acquire Dalmore Capital, the infrastructure asset manager which manages £6 billion of assets across five flagship funds, subject to…
Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for financial markets, announced that it has signed a “significant multi-year Exchange Cloud contract”…
The state-owned Scottish National Investment Bank will not be able to end its reliance on public funding unless ministers can make a case for UK…
A new report from Prosper — formerly called Scottish Council for Development and Industry — warns that Scotland’s growth is being held back by a…
New research commissioned by Highlands and Islands Enterprise (HIE) shows that planned development projects in the area represent a potential investment value of up to…
The UK’s National Wealth Fund (NWF) has announced a £600 million commitment to Iberdrola to upgrade the British power grid through its subsidiary Scottish Power…
Air passenger figures for Highland and Islands Airports Ltd (HIAL) remained steady in the year to March 31, 2025, according to the latest statistics. The…
Peak rail fares across Scotland will be scrapped from September, First Minister John Swinney has announced. In his Programme for Government speech, Swinney said: “Last…
The Scotch Whisky industry has welcomed a “transformational” trade deal between the UK and India that will see Indian tariffs on whisky and gin halved…
An initiative which helps innovative Artificial Intelligence (AI)-focused scaleup companies to maximise their full commercial potential is now open for 2025 applications. The 6-month programme,…
Sustainable Ventures, in partnership with Barclays, is launching a new climate tech SME support programme for Scottish companies to address the sector-specific needs of Scotland’s…
Risk appetite returned to many markets on Thursday after US president Donald Trump pressed the pause button on tariffs for a host of countries on Wednesday — although…
Scotland’s exporters to the United States have reacted to US president Donald Trump’s new 10% tariffs — and have called for negotiations to continue. Trump…
Smaller businesses in Scotland are the most likely to say they struggle to access finance among the UK’s devolved nations, according to new research from…
Offshore Energies UK’s 2025 Business Outlook report launched on Tuesday says that “under the right business conditions” half of the 13-15 billion barrels of oil…
About 48% of Scots polled support the charging of university tuition fees “based on ability to pay, with students from lower income households paying less…
Aberdeen, the Edinburgh-based investment giant, has strongly recommended that investment trust companies be excluded from proposed Consumer Composite Investments (CCI) rules on new retail disclosures, or…
The EY 2025 Regional Economic Forecast reports that Edinburgh stands out with a robust forecast for GVA (Gross Value Added) growth in knowledge-intensive sectors, particularly professional, scientific,…
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…
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…
Pulpex Limited, the sustainable packaging technology company, announced a £62 million Series D investment round led by the UK’s National Wealth Fund (NWF) and the…
Beeks Financial Cloud Group, the Glasgow-based private infrastructure and connectivity provider for financial markets, said Grupo Bolsa Mexicana de Valores (BMV), the second-largest exchange in Latin…
New research from Scottish Widows has revealed that 72% of UK employees say it is important that their employer offers a “responsibly invested” pension. Yet…
Shares of Elgin-based house builder Springfield Properties plc rose as much as 10% on Monday after the company published results for the six months ended…
The Scotch Whisky Association (SWA) has released global export figures that show the value of Scotch exports stood at £5.4 billion in 2024. The SWA…
Celtic plc said its profit before taxation rose about 45% to £43.9 million in the six months to December 31, 2024, despite revenue for period…
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…
Shell announced it has restarted production at the Penguins field around 150 miles north-east of the Shetland Islands in the UK North Sea. Shell said…
Standard Life, part of Phoenix Group, has appointed Barry Butler to its Independent Governance Committee (IGC), overseeing the interests of 2.7 million workplace pension scheme…
New research from business and financial adviser Grant Thornton UK LLP has found that, while many businesses expect they will need to secure additional funding to…
The UK’s Financial Conduct Authority (FCA) said it has set out proposals to make it easier for listed companies to issue corporate bonds that wealth…
The Scottish Chambers of Commerce (SCC) said the court decision to allow the Rosebank and Jackdaw oil and gas fields to resubmit environmental assessments while consents…
The board of Herald Investment Trust plc announced that requisitioned resolutions to oust the current board put forward by US activist hedge fund Saba Capital…
Royal London announced the appointment of Isabel Hudson as a non-executive director and as chair of The Royal London Mutual Insurance Society Limited with effect…
Scottish women-led angel investment group Mint Ventures has added to its portfolio by investing in legal case management platform Transparently, which is led by family…
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…
Brexit has reduced goods exports from the UK by £27 billion, with smaller firms most affected, according to new research from the Centre for Economic…
Liverpool-based FTSE 100 firm B&M European Value Retail anounced that Euan Sutherland is to be appointed, subject to shareholder approval, a non-executive director of B&M with…
Edinburgh-based oil and gas firm Capricorn Energy said it has been notified by Woodside Energy that all terms and conditions have been satisfied under the sale and…
C&C Group, the Irish drinks firm whose brands include Tennent’s and Bulmers, has announced the appointment of former A.G. Barr CEO Roger White as its chief executive…
Bruce Cartwright, CEO of the Institute of Chartered Accountants of Scotland (ICAS), has been appointed as new chair of the Global Accounting Alliance (GAA). Cartwright…
Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell UK Limited, a subsidiary of Shell plc, are to combine their UK offshore oil and…
Scotland’s economy recorded strong growth in the first half of 2024 — but there are signs that growth is slowing in the second half of…
Growth capital investor BGF announced a £15 million investment in Glasgow-headquartered Sulmara, an independent provider of survey and inspection services to the offshore wind and…
By Mark McSherry The Scottish Government is pressing ahead with its plans to go directly to the international bond market for the first time in…
The UK’s Investment Association (IA) is staging a new flagship event, the IA Scottish Investment Conference, at the Edinburgh International Conference Centre (EICC) on Tuesday….
By Mark McSherry Baillie Gifford’s flagship investment trust, the £13.5 billion Scottish Mortgage fund, said it cashed in some of its huge profits from the…
US Treasuries fell sharply on Wednesday — with yields surging — as Donald Trump’s election victory led to an increase in bets on economic policy…
Canada’s Juniper Group, an operating unit of Vela Software and Constellation Software, Inc, announced the acquisition of Glasgow-based Traveltek, which it called “an innovative suite…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said on Tuesday its order pipeline is “converting as expected” and it reiterated its 2024 full…
David Whitehouse, Offshore Energies UK CEO: “Today we heard the Chancellor recognise the role of the oil and gas sector to support high quality jobs and…
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…
Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to…
Edinburgh-based oil and gas firm Capricorn Energy has updated shareholders on payments due from its Senegal interests. Capricorn said it may be entitled to an…
Scotland’s onshore GDP grew by 0.3% in July 2024, according to statistics announced by the Chief Statistician. The wider UK economy stalled recently at 0.0%….
Edinburgh-based investment giant Abrdn plc announced that former Marks & Spencer co-CEO Katie Bickerstaffe and former Terra Firma CEO Vivek Ahuja have been appointed to…
London-based international law firm Mishcon de Reya announced that Alison Rose, former CEO of NatWest-RBS, has joined the firm as an advisor. Rose was forced to…
The UK oil and gas industry has more than halved methane emissions since 2018 and reduced overall emissions associated with the production of oil and…
Celtic plc said its revenue increased 3.9% to £124.6 million in the year to June 30, 2024, but its profit before taxation fell to £17.8 million…
CBI CEO Rain Newton-Smith is to call on the Scottish and UK governments to unleash the “restless energy” of business to “help turn Scotland’s energy…
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…
Brazil has granted special protected status to Scotch Whisky in a move that could be worth around £25 million over five years and will give distillers…
After a rocket engine exploded during a launch test at the UK’s new spaceport in Shetland on Monday, the CEO of SaxaVord Spaceport has warned:…
The Scottish National Investment Bank said it has invested a further £10 million in Highland Broadband, which is part of Lothian Broadband Networks Limited. The bank…
Global stock markets fell sharply on Monday — with the Japanese index suffering its worst day in 37 years — as investors around the world…
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…