Search Results for SSE


Superglass agrees to £8.7m takover by Russian

Stirling based insulation firm Superglass said it is recommending that its shareholders accept a £8.7 million cash takeover offer from Cyprus incorporated investment vehicle Inflection. Sergey Kolesnikov, the sole…


Alliance Trust hit by Brexit turbulence

Dundee-based investment trust firm Alliance Trust said its investments had underperformed its benchmark in the six months to June 30 “reflecting the turbulent market conditions around the…


£150m gain for RBS as MasterCard buys VocaLink

MasterCard said it agreed to acquire 92.4 percent of payment processing giant VocaLink for about £700 million ($920 million). In the UK, VocaLink operates the Link ATM network and processes…


Universities vow to protect EU research prowess

Universities Scotland and the Scottish Government have launched a joint campaign to protect the European research credentials of Scotland’s universities following the narrow vote by the…


Swedes invest £300m in Aberdeen wind farm

Swedish state-owned energy firm Vattenfall will invest more than £300 million as it becomes the 100% owner of the Aberdeen Offshore Wind Farm test facility. For an undisclosed…



Scots GDP flat, but employment improves

The output of the Scottish economy remained flat during the January to March quarter of 2016, according to gross domestic product (GDP) statistics from Scotland’s chief…


Bathgate construction firm Dunne collapses

Bathgate-based construction firm Dunne Group — which has been involved in some of the UK’s highest profile civil engineering projects — has gone into administration with the loss of more…


Smurfit joins Menzies as chairman

Edinburgh-based aviation logistics and news distribution company John Menzies has appointed Irish paper and packaging tycoon Dermot Smurfit as independent chairman of the group. Smurfit’s appointment will be…





FirstGroup may benefit from weaker pound

The weaker pound since the EU referendum could give a boost to Aberdeen-based bus and rail giant FirstGroup, which has extensive operations in North America. “It…



Aberdeen lifts suspension of property fund

Aberdeen Asset Management said it has lifted the suspension of trading in its £3.2 billion UK property fund. Uncertainty over the UK commercial real estate market following the…



Collagen Solutions revenue trebles to £3.24m

Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, said group revenue and other income increased to £3.24 million in the year to March 31 compared…


S&P downgrades biggest social landlord

Standard & Poor’s (S&P) said it has lowered its long-term credit rating on Wheatley Housing Group, Scotland’s biggest social landlord, because the narrow UK vote to…


Sales, contract news lift Craneware shares

Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose again after it said it enjoyed “a third consecutive year of record sales…


Stan Life down 13% amid property fund worries

Shares of Edinburgh-based Standard Life have fallen about 13% so far this week after its fund management business Standard Life Investments suspended trading in its £2.9 billion UK Real Estate Fund…


Copylab expands into Asia

Scottish investment writing, copywriting and marketing communications company Copylab is to launch a new business in Asia with office openings in Hong Kong and Singapore. Copylab Asia…


Standard Life’s 1825 to buy Jones Sheridan

Standard Life’s fast-growing financial planning business 1825 said it will make its fifth acquisition through buying Crewe-based Jones Sheridan, which has assets under advice of £350 million. The deal will establish 1825’s…


Menzies faces new demand to break in two

Edinburgh-based aviation logistics and news distribution company John Menzies is facing a new demand from investors to split the firm in two, according to Reuters. The fresh demands…


EnQuest shares up amid North Sea discovery

Shares of North Sea exploration firm EnQuest rose about 5% after it announced encouraging results fom its Central North Sea drilling programme.  Neil McCulloch, EnQuest’s president, North…


Wood Group sticks with guidance of 20% fall

Aberdeen-based oil and gas services giant Wood Group said it was sticking to the guidance of full year 2016 earnings before interest, taxes and amortization (EBITA) of…


Lothian Buses revenue up 5.3% to £142m

Lothian Buses — 91% owned by the City of Edinburgh Council — saw revenue rise 5.3% to £142 million in 2015 and net profit fall to £6.4 million from…


Stagecoach revenue up 20% to £3.8bn

Perth-based rail and bus giant Stagecoach Group said its revenue for the year to April rose more than 20% to £3.8 billion and profit before tax excluding exceptional items rose £2.4 million…




Ex-National Express exec joins Stagecoach board

Perth-based bus and rail giant Stagecoach Group said it would propose former National Express executive Ray O’Toole for election as a non-executive director of the company at its annual general…


Osborne: there may be trouble ahead

UK finance minister George Osborne tried to calm financial markets on Monday morning following the turmoil that greeted Britain’s narrow vote to leave the EU — but the…






Business Stream buys Southern Water business

Edinburgh-based Business Stream, a subsidiary of state-owned Scottish Water, said it bought the non-domestic customer base of Southern Water to strengthen its position as it prepares to…




Smart Metering wins First Utility deal

Glasgow-based Smart Metering Systems (SMS) said it signed a “framework agreement” with First Utility as its “preferred domestic smart meter asset provider.” First Utility currently supplies energy to…


Wind farm signs Nestlé power deal

A new wind farm in Dumfries and Galloway has signed a 15-year deal to provide power for about half of Nestlé’s operations in the UK &…


Outlander helps tourist attractions hit 6.2m

Scottish tourist attractions have recorded a 3% rise in visitors, the fourth consecutive year of growth, the Scottish Government said. Association of Scottish Visitor Attractions…


Standard Life Investments launches US fund

Edinburgh-based fund manager Standard Life Investments has launched an American Equity Income fund to UK-based retail investors. The fund will be run out of the firm’s…


Tesco sells Dobbies for £217m

Tesco said it sold Midlothian-based Dobbies Garden Centres to an investor group led by Midlothian Capital Partners and Hattington Capital for £217 million in cash….


Wood Group acquires EESL business

Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited’s (EESL) Aberdeen-based fabrication and manufacturing business following the announcement on May 26 that EESL…



Standard Life’s pension leads charge into bonds

The average FTSE 100 company’s defined benefits pension scheme saw its asset allocation to bonds increase to 61% in the year to December 31, 2015, according to recent research by Jardine…



Faroe shares up amid North Sea discovery

Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose more than 5% after it announced an oil and gas discovery in the Faroe-operated…





Andy Murray invests in three more start-ups

Tennis world number two Andy Murray — who has just reunited with former coach Ivan Lendl — has made three further investments in British start-up firms via equity…


Holyrood, mobile firms plan coverage boost

The Scottish Government said it will work with mobile operators to improve coverage throughout Scotland mobile even though such connectivity is officially a matter reserved for the UK Government. The…





Ireland-Scotland business network launched

A new organisation aimed at generating even more business between Scotland and Ireland has been created. The Irish Business Network in Scotland has been set up at a time when…





Scots firms raise £27m from crowdfunding

Scottish businesses raised £27 million from crowdfunding in the year to September 2015, according to The Scottish Crowdfunding Report 2016. There were 1,263 successful initiatives with the largest campaign raising…


Baillie Gifford launches new Japan fund

Edinburgh-based investment firm Baillie Gifford has added to its Japanese fund range with the launch of the Baillie Gifford Japanese Income Growth Fund. Baillie Gifford had…


RBS to end six nations rugby sponsorship

Royal Bank of Scotland said it will not continue as title sponsor of the Six Nations Championship when its current sponsorship deal runs out after the 2017 tournament….


Sigma shares up on 5,000-home Keepmoat deal

Shares of Edinburgh-based Sigma Capital Group rose about 5% as the rented housing developer announced a new strategic partnership with regeneration firm Keepmoat to deliver 5,000…




Mundell seeks Texas lessons for North Sea

The UK Government’s Secretary of State for Scotland David Mundell on Wednesday travelled to Texas to build links with the US energy industry to help support the…


OECD: Brexit could cut UK GDP 5% by 2030

A United Kingdom vote to leave the European Union “would trigger negative economic effects on the UK, other European countries and the rest of the world”…


Board changes at Smart Metering Systems

Glasgow-based Smart Metering Systems (SMS) has appointed Macfarlane Group chairman Graeme Bissett as a non-executive director. Bissett will become chair of the SMS audit committee while Miriam Greenwood, who currently…