M&G creates new £28bn wealth management unit

Investment firm M&G plc announced on Wednesday it is bringing together established existing businesses to form a new wealth management division. M&G Wealth Management will…



TSB to cut 900 jobs and 164 branches

TSB bank said on Wednesday it will close 164 branches and cut 900 jobs as it “continues to implement its three-year strategy announced in November…


Wood Group wins $84m Equinor contract

Aberdeen-based global engineering group Wood plc said it has won an $84 million contract for Equinor’s Breidablikk subsea development in Norway. Wood has been awarded…
























Sigma Capital shares up 17% on £1bn London JV

Shares of Edinburgh and Manchester-based rented housing developer Sigma Capital Group rose about 17% on Tuesday after it announced a £1 billion residential joint venture with EQT Real…










Aberdeen Standard plans private markets push

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) indicated it is planning to increase its investments in private markets as it hired Mark Redman as its…







ScottishPower starts Green Hydrogen masterplan

ScottishPower Renewables has announced a new pioneering strategic partnership that has been established to create new green hydrogen production facilities with clusters of refueling stations…








Smart Metering Systems H1 profit soars 98%

Shares of Glasgow-based Smart Metering Systems (SMS) rose about 4% on Tuesday after it published results for the six months ended June 30, 2020, showing revenue…