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…

Assets managed by the investment trust industry have slipped about 3% in 2022 — standing at £268.5 billion as of December 9 — according to…

SSEN Transmission said it welcomes UK regulator Ofgem’s approval of the need “for the strategic electricity transmission reinforcements required” to deliver the UK Government’s 50GW…

By Mark McSherry — Martin Gilbert’s AssetCo has announced plans to bring together its four active equity asset management subsidiaries under its River and Mercantile brand….

Abrdn confirmed on Friday that Ralph Bassett, its head of US equities, is leaving the firm. “We can confirm that Ralph Bassett has decided to…

SSE plc, the Perth-based electricity infrastructure giant, said on Wednesday it has completed the sale of a 25% minority stake in its electricity transmission network business SSEN Transmission…

By Mark McSherry — SSE plc, the Perth-based electricity infrastructure giant, confirmed on Friday it has reached agreement to sell a 25% minority stake in its electricity transmission network…

Ontario Teachers’ Pension Plan Board is emerging as a frontrunner to acquire a stake in SSE’s multibillion-pound electricity networks, according to a Bloomberg report. The…

SSE plc, the Perth-based electricity infrastructure giant, said on Wednesday it invested almost four times as much as it made in profits in the first half of…

Martin Gilbert’s fast-growing asset manager AssetCo announced completion of the acquisition of Colin McLean’s Edinburgh-based SVM Asset Management and said it plans to have a…

By Mark McSherry — Edinburgh-based fund management group Baillie Gifford revealed on Wednesday that its assets under management and advice have fallen roughly 40% to £216…

Martin Gilbert’s fast-growing asset manager AssetCo announced that Gary Marshall has been appointed as its Chief Financial and Operating Officer (CFOO) and has joined its…

SSE plc, the Perth-based renewable energy and power networks giant, said on Tuesday it is committed to reinvesting “any additional profits derived from market variability” directly back into…

By Mark McSherry — Assets under management held by the 250 member firms of the UK’s Investment Association (IA) reached a milestone £10 trillion in 2021, according…

The chief executive of SSE plc, the Perth-based renewable energy and power networks giant, has said the UK government “can smooth energy costs for households beyond what industry…

Edinburgh-based investment giant Abrdn confirmed it has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital securities exchange. Abrdn…

Shares of Edinburgh-based investment giant Abrdn fell about 7% on Tuesday after it published first-half results showing its assets under management and administration (AUMA) fell £34…

Royal London said it made a loss before tax of £228 million in the first half of 2022 compared to a £228 million profit for the…

SSE plc, the Perth-based renewable energy and power networks giant, said it successfully issued a €650 million 7-year green bond maturing August 1, 2029, at a coupon…

SSE plc, the Perth-based renewable energy and power networks giant, announced that its first-quarter performance has “slightly exceeded” its expectations and that it remains confident in its financial…

Edinburgh investment giant Abrdn announced a big shake up in its Real Assets business, with 12 people “voluntarily” leaving the business. In its Real Assets unit,…

Edinburgh-based fund management giant Baillie Gifford said the global rout in growth stocks “has been both staggering and sobering” and has been a “humbling experience for…

SSE Thermal and Equinor have agreed to acquire Triton Power Holdings Ltd from private equity firm Energy Capital Partners for £341 million. SSE Thermal and…

An independent report has been commissioned into how funding for the Scottish Government is calculated. The report will be co-authored by Professor David Bell of…

Martin Gilbert’s fast-growing AssetCo said on Monday it agreed to acquire Colin McLean’s Edinburgh-based fund management business SVM Asset Management for £10.7 million. AssetCo said SVM…

The chief executive of SSE, the Perth-based renewable energy and power networks giant, has hit out at UK finance minster Rishi Sunak’s plan to impose…

Edinburgh-based ready meals firm Parsley Box Group plc on Wednesday published a trading update for the five months ending May 31 and revised guidance for FY22….

SSE plc, the Perth-based renewable energy and power networks giant, said on Wednesday its investment in Great Britain’s electricity infrastructure system could total in excess of £24…

Aberdein Considine has announced it will merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses – which will trade…

Edinburgh-based investment giant Baillie Gifford revealed on Tuesday that its assets under management and advice have fallen more than 30% to £239 billion since the…

Scottish Friendly has announced its assets under management rose to £5.4 billion in 2021 and the mutual financial firm’s membership increased by 31,000 to 776,000….

SSE Renewables announced it entered an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire its existing European renewable energy development platform for €580 million….

Shareholders of Martin Gilbert’s investment firm AssetCo have voted overwhelmingly in support of the group’s takeover of fund manager River & Mercantile. On January 25, AssetCo…

SSE plc, the Perth-based renewable energy and power networks giant, announced that it successfully launched an issue of hybrid capital securities which was “well received ……

SSE subsidiary SSEN Transmission announced it agreed terms for a £350 million private placement with Pricoa Private Capital, part of PGIM, Inc. and one of…

Shares of Perth-based renewable energy and power networks giant SSE touched a record high over £17 a share on Tuesday after the company raised its annual earnings…