Search Results for SSE



New power plant approved for Grangemouth

The Scottish Government has granted consent for the construction and operation of a gas fired combined heat and power (CHP) plant at BP Kinneil Terminal in…


Ex-Standard Life chief Nish joins HSBC board

Global banking and financial services giant HSBC Holdings said it appointed former Standard Life chief executive David Nish, 55, to its board as an independent non-executive…


Scots farm incomes halved in four years

The incomes of commercial farms in Scotland are estimated to have halved over the four years to 2014, according to the Scottish Government. Estimates from…



Stan Life AGM outside of Scotland for first time

Edinburgh-based investment, pensions and insurance group Standard Life is to hold its annual general meeting outside of Scotland for the first time in its history. This year’s Standard…


RBS repays £1.2bn, now plans dividends

Royal Bank of Scotland said on Tuesday it reached a milestone in its plan to resume dividends to shareholders when it repaid a final £1.193 billion to the UK Treasury to…


£315m ‘City Deal’ investment for Inverness

Inverness and the wider Highland region is to benefit from a £315 million “City Deal” investment package over 10 years to improve the area’s infrastructure including transport and…


Johnston Press profit up 22.6% to £31.5m

Regional newspaper publisher Johnston Press, owner of The Scotsman and the Yorkshire Post, said on Tuesday its adjusted profit before tax rose 22.6% to £31.5 million in…


Standard Life’s 1825 to buy Munro Partnership

Standard Life’s financial planning business 1825 said on Monday it agreed to acquire financial advisory firm Munro Partnership Limited, which has offices in Ayr, Hamilton and Glasgow and has…



Extra £1m for Gaelic broadcaster MG ALBA

The Scottish Government has announced that Gaelic broadcaster MG ALBA will receive an additional £1 million of investment this year. Minister for Scotland’s Languages Alasdair…


Ex-RBS chief to lead business rates review

First Minister Nicola Sturgeon announced that former chair of RBS Scotland, Ken Barclay, will lead the Scottish Government’s review of business rates. Sturgeon also committed to retaining…



Menzies appoints dealmaker Baines to board

Edinburgh-based airport logistics and news distribution company John Menzies — under shareholder pressure to split into two companies — has appointed corporate dealmaker Paul Baines as a non-executive director….




Standard Life’s 1825 to buy Almary Green

Standard Life’s financial planning business 1825 said on Tuesday it agreed to acquire Norwich-based independent financial advisers Almary Green, which has assets under advice of around £400 million….


2016 infrastructure projects total £6bn

Infrastructure projects worth almost £6 billion will be under construction throughout Scotland during 2016, and more Scottish employers than before are winning public contracts, the Scottish Government said. Holyrood is…



JB Equity backs new animal science company

A new company has been created to maximise the commercial impact of the University of Edinburgh’s pioneering animal science research. The company, Roslin Technologies Ltd, has been…




Export growth at centre of new trade strategy

The Scottish Government and the country’s enterprise agencies have announced a new “Global Scotland Trade and Investment Strategy 2016-2021” that will focus on “new regional export…


Foreign flights help Scots airports hit record

Edinburgh and Glasgow airports both reported their busiest February on record as international flight traffic in and out of Scotland’s central belt continues to rise. Edinburgh Airport said 770,265…


Nimmo promoted to UK role at KPMG

Prominent Scottish business advisor Blair Nimmo has been promoted to UK Head of Restructuring at KPMG following the departure of Mark Firmin. Nimmo was previously head of…





Menzies profit falls in turbulent year

Edinburgh-based aviation logistics and news distribution company John Menzies said on Tuesday its reported pre-tax profit fell to £18.2 million in 2015 from £25.7 million the year before amid a turbulent…



Thurso new chair of VisitScotland

John Thurso, former Liberal Democrat Westminster MP for Caithness, Sutherland and Easter Ross, has been appointed the new chair of VisitScotland. VisitScotland has a budget of around…



New £100m storm tunnel making progress

The £100 million Shieldhall Tunnel between Queen’s Park and Govan — the biggest investment in waste water infrastructure in Glasgow for more than a century…


£200m Glasgow Subway contracts awarded

Strathclyde Partnership for Transport (SPT) on Friday awarded £200 million of contracts to the Swiss-Italian consortium of Stadler Bussnang AG and Ansaldo STS Consortium for the supply…


Alliance Trust to address gender diversity

New Alliance Trust chairman Robert Smith on Friday vowed to address the lack of gender diversity on the Dundee-based investment firm’s plc board as he delivered his first…


Virgin Money profit jumps 53% to £160.3m

Edinburgh-based Virgin Money said on Wednesday it delivered a strong performance in its first full financial year since listing, with underlying profit before tax increasing by 53%…


Tourism industry calls for cut in VAT

The four tourism ministers for the UK, Scotland, Wales and Northern Ireland have joined forces to ask the UK Treasury to consider a reduction of VAT for businesses…


Alexander joins Pinsent Masons as adviser

Former UK Government minister Douglas Alexander has joined international law firm Pinsent Masons as a strategic adviser. Alexander lost his Westminster seat in Paisley and Renfrewshire…



Cruachan hydro capacity ‘could be doubled’

ScottishPower said it would be possible to double the capacity of its Cruachan Pumped Storage hydro plant near Oban — with investment of £300 million to £400 million —…



Andy Murray invests in five start-up firms

World number two tennis player Andy Murray has made his first 2016 investments in start-up businesses on the crowdfunding platform Seedrs. Murray identified the five…



Moves to conserve crab and lobster stocks

The Scottish Government said new management measures for Scotland’s commercial crab and lobster stocks will be the focus of a new consultation just launched. The consultation proposals…


£64m investment in Dundee Waterfront

The Scottish Government said on Friday it will invest up to £63.8 million in Dundee’s Waterfront development as part of a package agreed by Deputy…



RBS shares fall 8% as it makes £2bn loss

Royal Bank of Scotland on Friday reported a 2015 loss of £1.98 billion, compared with a loss of £3.47 billion in 2014, as litigation and restructuring costs continued to…


Macfarlane sales hit £169m as profit soars 21%

Glasgow-based packaging firm Macfarlane Group said its sales rose 10% in 2015 to £169.1 million and profit before tax soared 21% to £6.8 million as recent acquisitions and success…



Whitehorn new Stagecoach deputy chairman

Perth-based bus and rail giant Stagecoach said on Tuesday that Garry Watts intends to step down as the company’s deputy chairman and senior independent director on April…


Investor team Archangels pass £200m mark

Edinburgh-based Archangels, the business angel syndicate that specializes in early stage investing, said on Tuesday that total investment capital arranged by the syndicate since its inception…





Oxford’s Mapstone graduates to St Andrews

Professor Sally Mapstone, the pro-vice-chancellor for education at the University of Oxford, is to be the next principal of the University of St Andrews. Mapstone, 58,…


EU Bank outlines investments for Scotland

Senior executives from the European Investment Bank (EIB), the world’s largest international public bank, are in Scotland this week to outline new financing opportunities for Scottish businesses and unveil…




Scotch Whisky calls for 2% excise duty cut

The Scotch Whisky Association (SWA) has called for a further 2% cut in excise duty in next month’s budget, stressing the industry’s importance to the Scottish…



Standard Life operating profit up 9% to £665m

Edinburgh-based Standard Life said on Friday its operating profit before tax rose 9% to £665 million in 2015 — beating analysts’ forecasts of £616 million — as the investment, pensions…


BrewDog turnover jumps 52% to £45m

Ellon, Aberdeenshire-based craft beer company BrewDog on Thursday announced “draft” 2015 business results, reporting a 52% increase in annual turnover to £45 million. The company said BrewDog is now the number one…




Forth Ports in major Dundee investment

Forth Ports said it plans to make the “largest investment in the history of the Port of Dundee” by investing more than £10 million to create a new…



Wood enters new market with Valero refinery

Aberdeen-based energy services giant Wood Group has signed a five year contract with Valero Energy that marks an important expansion for Wood into the UK petrochemical sector….


HSBC keeps HQ in London – but focus on Asia

HSBC said on Monday that while Asia is at the heart of the banking group’s strategy, it had decided to remain headquartered in London after an “exhaustive” review. “Having our…