Search Results for SSE



FCA watchdog hires former funds chief Godfrey

The Financial Conduct Authority (FCA) has hired former Investment Association chief executive Daniel Godfrey as a consultant as it gets ready to produce a report on value for money…


Casino boss Jones is new CEO at Goals Soccer

East Kilbride-based Goals Soccer Centres has appointed casinos and pubs executive Mark Jones as its new chief executive officer following a turbulent year in which its share…




Alliance Trust appoints ex-journalist to board

Dundee-based investment trust company Alliance Trust has appointed former journalist Clare Dobie as an independent non-executive director. The appointment follows a vow made in March by new…


Union calls for North Sea industry summit

Unite, Scotland’s biggest union, has called for a cross-sector oil and gas summit to “plan for the industry’s survival and growth” after Shell announced it will…


Big changes at Stan Life real estate funds

Edinburgh-based Standard Life Investments, one of Europe’s largest real estate investors managing about £18.2 billion of real estate-related assets, has announced some big changes to its…




Go-ahead for £2.6bn Moray Firth Windfarm

The £2.6 billion Beatrice Offshore Windfarm project in Scotland’s Outer Moray Firth has been given the green light for construction by owners SSE, Copenhagen Infrastructure Partners and…


Gilbert: Aberdeen resisted efforts to buy firm

Aberdeen Asset Management has resisted interest from competitors in Europe and Australia who want to buy the asset manager and plans to remain independent, chief executive officer Martin…



Viridor in £700m council waste recycling deal

Five Scottish local authorities have signed a £700 million partnership deal with recycling and waste management company Viridor. The 25-year agreement will “divert waste from landfill by…


Stirling University in £50m Barclays placement

Barclays has arranged a £50 million private placement for the University of Stirling via a sale of unlisted, private securities to institutional investors. The funding for the university…


CalMac wins £900m ferry contract

State-owned CalMac Ferries has won a new £900 million contract to continue operating the Clyde and Hebrides Ferry Services (CHFS) for eight years from October 1,…


Johnston Press revenue down 13.7%

Newspaper publisher Johnston Press, owner of The Scotsman and the Yorkshire Post, said on Wednesday that daily print sales of its recently-acquired i newspaper peaked at 297,849…


Menzies chairman retires in latest upheaval

Edinburgh-based airport services and news distribution company John Menzies said on Wednesday that its chairman Iain Napier “informed the company of his wish to retire” after eight years on the…





BP doubles stake in North Sea gas megaproject

BP said on Monday it has doubled its interest in the Maersk-operated $4.5 billion Culzean gas development in the UK central North Sea after acquiring an additional interest from JX…







Walker new CEO at Entrepreneurial Spark

Scottish-based business incubator network Entrepreneurial Spark, “the world’s largest free accelerator for start-up and growing ventures,” has promoted co-founder Lucy-Rose Walker to the role of  CEO. It…


Aberdeen plan £40m stadium west of city

Aberdeen Football Club chairman Stewart Milne has revealed plans for a new £40 million stadium and training facility at Kingsford, west of the city and close…



FirstGroup, Stagecoach in East Coast train war

Aberdeen-based FirstGroup has been granted approval by the Office of Rail and Road (ORR) to launch “open access” rail services between London, north-east England and Edinburgh offering an…


Finance and Economy cabinet role to be split

First Minister Nicola Sturgeon said on Wednesday she will appoint her new cabinet next week — and will split the role of the Cabinet Secretary for Finance and Economy…


Standard Life CEO Skeoch cuts his bonus

Edinburgh-based savings and investment giant Standard Life said its chief executive Keith Skeoch voluntarily cut his potential incentive plan from 500% of his salary to 400%. Skeoch’s base salary is £700,000,…



Stan Life Investments in strategic China move

Edinburgh-based Standard Life Investments’ Hong Kong business has established a strategic relationship with leading Chinese asset manager Bosera Asset Management. The two fund managers have announced the launch of…




Wood Group wins two new contracts in Iraq

Aberdeen-based energy services Wood Group has won two three -year contracts valued at over $140 million to deliver technical services and expertise to an unnamed international oil…


Scottish Building Society balances at £342m

Scottish Building Society announced financial results for the year ended January 31, 2016, showing its savings balances increased 3.1% to £342.1 million and that total assets…



Shell contract secures 500 Wood Group jobs

Aberdeen-based oil and gas services giant Wood Group has been awarded a three year contract extending its work with Shell’s eight UK Continental Shelf offshore assets,…



Aberdein Considine merges with A&S Ireland

Scottish law firm Aberdein Considine said it will merge with Glasgow solicitor estate agent A&S Ireland. The combined businesses, which will trade under the Aberdein Considine brand, will…


Virgin Q1 mortgage lending up 30% to £2.1bn

Challenger bank Virgin Money said it grew its gross mortgage lending by 30% to a record £2.1 billion in the first quarter of 2016 compared to the same period last year….


Aegon buys BlackRock defined contribution unit

Aegon has agreed to acquire BlackRock’s UK defined contribution platform and administration business to strengthen its position in the UK workplace savings market. Aegon said it will acquire £12 billion…


Standard Life to buy Axa’s Elevate

Edinburgh-based pensions and investment firm Standard Life said it agreed to acquire AXA Portfolio Services Limited — which trades as Elevate — to further strengthen its position as a platform provider…



Strong sales as Collagen changes CEO

Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, appointed Jamal Rushdy as chief executive officer to succeed Stewart White, who has moved to the post of chief…



Big pension fund bond allocation up to 59%

The average FTSE 100 firm’s defined benefits pension scheme saw its asset allocation to bonds increase from 56% to 59% in the year to September 30, 2015, according…





Cost cutting helps Weir profits; shares up 8%

Glasgow-based engineering firm Weir Group said on Thursday its strong cost reduction measures helped it deliver first quarter profits slightly ahead of expectations, despite a significant reduction in…


Brexit: What would David Hume do?

What would David Hume say on the subject of whether the UK should remain part of the EU? Well, we’ll never know — but the great Scottish philosopher…


DC Thomson wins three industry awards

Dundee-based publisher DC Thomson won three awards at Wednesday night’s newsawards in London. Nominated for three awards at the event, which recognizes the best in news…





Shepherd and Wedderburn on £6.1bn bond deal

Scottish law firm Shepherd and Wedderburn said it acted alongside Allen & Overy on a £6.1 billion securitisation of residential UK mortgages by US investment firm Cerberus…



Record year for Highland and Islands Airports

Scotland’s Highland and Islands Airports Ltd (HIAL) said it handled more passengers than ever in the last financial year. HIAL said it handled 1,437,625 passengers in 2015-16…


Iberdrola’s ScottishPower fined £18m

ScottishPower, a subsidiary of Basque group Iberdrola, has been fined £18 million after an investigation by UK energy market regulator Ofgem into the Scottish firm’s “complaint resolution, call…


£1.2m investment for Livingston’s Optoscribe

Livingston-based photonic technology company Optoscribe — founded in 2010 as a spin out business from Heriot-Watt University — has received £1.2 million in investment. The fundraising was led by…


Glasgow subway to close for four weeks in July

Strathclyde Partnership for Transport (SPT) said the latest stage of its Glasgow subway modernisation programme will require the suspension of subway services for four weeks from Saturday July…


Scotmid profit up to £5.7m on turnover of £371m

Scotmid said its trading profit for the year ended January 30, 2016, rose £200,00 to £5.7 million as its turnover fell £12 million to £371 million. Scotmid chief executive John Brodie said…


Wood wins $150m North Sea contract extension

Aberdeen-based energy services giant Wood  Group has won a five year $150 million contract extension from Nexen — extending a deal that has been in place since April…


MPs slam ScottishPower for £75m ‘mis-selling’

An All-Party Parliamentary Group (APPG) of MPs alleged on Wednesday that ScottishPower sustained and sought to cover up a “cashback mis-selling” scandal that cost 625,000 consumers across the UK more than £75 million….


Change of chief financial officer at Menzies

Edinburgh-based airport logistics and news distribution company John Menzies — under shareholder pressure to split into two companies — said on Monday that chief financial officer Paula Bell will…