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Assets top £158bn at Edinburgh’s Aegon UK

Edinburgh-based Aegon UK — which last year apologised for big problems in the migration of Cofunds clients to Aegon — said on Thursday “significant strides” had…




Wood makes progress with $200m assets sale

Aberdeen-based engineering and oil services giant Wood plc on Monday announced further progress with its $200m non-core asset disposal programme. In December, Wood agreed the…





SSE completes £1bn Caithness-Moray link

Perth-based energy giant SSE said on Friday its subsidiary Scottish and Southern Electricity Networks Transmission (SSEN Transmission) has completed the new £1 billion Caithness-Moray electricity transmission…




SSE-Npower merger off: other options mulled

UPDATE 2 — The proposed merger of Perth-based energy giant SSE’s retail unit with Innogy subsidiary Npower was scrapped on Monday with the companies saying they were “unable…


Ineos in $3bn talks for Conoco N Sea assets

Grangemouth refinery operator Ineos confirmed on Sunday it is in talks with ConocoPhillips to acquire its assets in the North Sea — with industry analysts saying…


Russell says Brexit deal dead, Holyrood to vote

The UK Government’s proposed Brexit deal is “essentially dead” because of “self-imposed draconian red lines,” according to the Scottish Government’s Constitutional Relations Secretary Michael Russell….





Nucleus assets rise to £14.7bn, but flows fall

Edinburgh-based funds platform Nucleus Financial Group Plc on Friday published a third-quarter trading update which showed assets under administration up 14% to £14.7 billion. However, net flows…




Drax targets £1bn of ScottishPower assets

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…



Nucleus Financial assets rise 16% to £14.3bn

Edinburgh-based funds platform Nucleus Financial Group Limited on Tuesday announced its inaugural set of interim results as a quoted company, with period end assets under administration rising…


SSE, Npower merger provisionally cleared by CMA

The Competition and Markets Authority (CMA) said on Thursday it has provisionally cleared the merger of SSE Retail and Npower after an in-depth review. Perth-based energy giant SSE…












SSE merger sent for in-depth investigation

The UK’s Competition and Markets Authority (CMA) said it has referred the proposed merger of Perth-based SSE Retail and Npower for an in-depth investigation “after…










Aberdeen’s Ecosse Subsea bought for £50m

Houston, Texas-based Oceaneering International, Inc. said one of its subsidiaries acquired Aberdeen-based Ecosse Subsea Limited, the provider of offshore engineering, seabed preparation, route clearance and…



Aegon UK platform assets rise to £117bn

Edinburgh-based Aegon UK said the acquisition of Cofunds and “exceptional” organic growth has seen the firm add more than £15 billion to take its “platform” assets up…






MPs call for investigation into SSE-Npower merger

The UK’s Business, Energy and Industrial Strategy (BEIS) Committee has written to the Competition and Markets Authority (CMA) calling for an investigation into the proposed merger between the…