Search Results for SSE

Odysseus gets go-ahead for Edinburgh One

Odysseus Capital Management announced it has secured planning permission for the redevelopment of Edinburgh One at 60 Morrison Street — the former headquarters of Scottish…



SSE shareholders reject Elliott break up bid

SSE, the Perth-based renewable power and networks giant, has received support from institutional shareholders Royal London Asset Management and Columbia Threadneedle in its rejection of…




SSEN plans £4bn investment, 850 jobs

Scottish and Southern Electricity Networks (SSEN) Distribution, a subsidiary of Perth-based renewable power and networks giant SSE plc, has unveiled proposals to invest around £4 billion…


SSE reveals Dogger Bank purchase agreements

SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, announced that 15-year offtake Power Purchase…






Livingston’s Energy Assets in £690m refinancing

Livingston-based smart metering firm Energy Assets Group announced it has completed a £690 million refinancing package, including £185 million of capital expenditure (capex) facilities. Energy Assets said it…



Ofgem investigates SSE Generation

The UK’s energy market regulator Ofgem said on Monday it has launched two investigations into whether SSE Generation Limited, part of Perth-based SSE, and transmission…


Gilbert’s AssetCo completes Parmenion deal

Martin Gilbert’s investment firm AssetCo plc announced it has completed the acquisition of a 30% equity interest in Parmenion Capital Partners LLP, a discretionary investment…



SSE Renewables in $208m Japan offshore deal

Perth-based SSE Renewables announced it has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership…


SSE ScotWind plan pledges £15bn for economy

SSE Renewables, Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) said up to £15 billion would be added to…



SSE Renewables appoints Stephen Wheeler MD

Perth-based renewable power and networks giant SSE announced on Tuesday that Stephen Wheeler is to be appointed as managing director, SSE Renewables, following Jim Smith’s…



Gilbert’s AssetCo hires ex-abrdn exec as CEO

Martin Gilbert’s fast-growing investment firm AssetCo plc has announced that former Standard Life Aberdeen executive Campbell Fleming will join its board of directors and take…




SSE repowers Tummel hydro plant with £50m

SSE Renewables announced it will invest almost £50 million over the next two years to repower the existing Tummel Bridge Hydro-Electric Power Station near Pitlochry…






SSE sells Scotia Gas stake for £1.2bn

Perth-based energy and networks giant SSE said on Monday it agreed to sell its entire 33.3% stake in gas distribution operator Scotia Gas Networks Ltd…



Nucleus assets hit £19bn ahead of takeover

Edinburgh funds platform Nucleus Financial Group — which has agreed to a £145 million takeover by investment firm James Hay — said on Friday its assets under administration…




SSE unit in £4bn power networks investment

Scottish and Southern Electricity Networks (SSEN) Distribution, a wholly owned subsidiary of SSE Plc, has published a £4.1 billion draft business plan for 2023 to 2028,…









Gilbert’s AssetCo buys Saracen Fund Managers

Martin Gilbert’s investment vehicle AssetCo plc announced it agreed to acquire Edinburgh-based Saracen Fund Managers Limited for £2.75 million in shares and cash. “The acquisition…



Salmon bosses dispute low HMRC export stats

The Scottish salmon farming industry has called for urgent action “to address discrepancies with export statistics published by the UK Government.” The Scottish Salmon Producers…


Mattioli Woods buys Caledonia Asset Management

Leicester-based wealth and asset management business Mattioli Woods plc has announced the acquisition of Edinburgh-based Caledonia Asset Management Limited from its shareholders. The transaction is being…




Waverton acquires Cornerstone Asset Management

London-Based Waverton Investment Management Group announced it has acquired Scottish-based wealth planner Cornerstone Asset Management, subject to regulatory approval. Established in July 2010 and with…




SSE sells contracting business to Aurelius

Perth-based energy and networks giant SSE plc said on Thursday it agreed to sell its contracting business SSEC — which has 1,900 employees — to investment firm…





Royal London Asset Management hires new CEO

Royal London Asset Management (RLAM), which manages assets of £148 billion, has announced the appointment of Hans Georgeson as it chief executive officer. Georgeson will…







SSE and Acciona in Iberian offshore wind JV

Perth-based SSE Renewables and Spanish renewable energy operator Acciona S.A. said on Tuesday they have signed an exclusivity agreement regarding the formation of a 50-50…




Thorntons assets near £600m with acquisitions

Thorntons Investments, the Dundee headquartered wealth manager, said it has acquired Aberdeen-based Matheson Financial Consulting and Dundee-based Sonas Wealth Management as part of its ambitious…



Martin Gilbert group buys 29% of AssetCo

London-listed investment vehicle AssetCo plc said on Monday that a “concert party” of Martin Gilbert, Peter McKellar, various associates and funds managed by Toscafund Asset…


Nucleus Financial grows assets 8% to £17bn

Edinburgh funds platform Nucleus Financial Group announced its assets under administration (AUA) rose 8.1% to £17.4 billion in the three months to December 31, 2020. Earlier this…