Search Results for SSE



Havelock CEO Ritchie departs amid losses

Kirkcaldy-based shopfitter and interiors firm Havelock Europa said CEO David Ritchie resigned with immediate effect “to pursue other business interests” as it announced it made…


UK asset management up 20% to £6.9 trillion

The UK Investment Association’s first annual asset management survey following the UK’s decision to leave the EU reveals assets under management in the UK increased…






Assets up to £151bn at Edinburgh’s Aegon UK

Edinburgh-based pensions, investment and insurance firm Aegon UK said on Thursday its “platform” assets reached £107 billion and total assets under administration hit £151 billion…







Aberdeen Asset CEO Gilbert joins Glencore board

Mining and commodities trading multinational Glencore said it appointed Aberdeen Asset Management CEO Martin Gilbert as an independent non-executive director of Glencore with immediate effect. Aberdeen Asset Management is…






Standard Life, Aberdeen Asset confirm merger talks

UPDATE 5 – Scottish investment giants Standard Life and Aberdeen Asset Management confirmed in a joint statement they are in discussions about a possible all-share merger that would create a…





SSE expects 2016-17 capital spend of £1.75bn

Perth-based energy giant SSE said in a trading statement it expected its capital investment programme for 2016-17 to be around £1.75 billion. SSE confirmed that for 2016-17 it…




FSB targets asset management vulnerabilities

The Financial Stability Board (FSB) has published its policy recommendations to address structural vulnerabilities in the global asset management industry. The asset management industry grew to $76.7…


Future plc buys Team Rock assets

Media group Future plc said it acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden…


Russell Group universities seek new boss

The Russell Group of 24 leading UK universities — which includes Edinburgh and Glasgow — is looking for a new director general following Wendy Piatt’s decision to stand down…


Deutsche, Credit Suisse in $12bn settlements

Deutsche Bank said it reached a settlement in principle with the US Department of Justice (DoJ) regarding civil claims in connection with the bank’s issuance and underwriting…


Most fish quotas increased in Brussels talks

Annual negotiations in Brussels resulted in increased fish quotas for 16 out of 23 key Scottish stocks and “additional fishing opportunities” worth around £47 million, said Fisheries…


SSE and Dixons in ‘connected home’ venture

Perth-based energy giant SSE and Dixons Carphone, Europe’s largest electrical goods and phones retailer, said they have formed a strategic partnership to provide “connected home” services to…



Russell steps down at Johnston Press

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said its chairman Ian Russell decided to step down due to an acute…


Aberdeen assets up 10% to £312.1 billion

Aberdeen Asset Management said its assets under management rose 10% to £312.1 billion in the year to September 30 — but underlying profit before tax decreased to £352.7…



Parkmead looks to buy as it reduces losses

Aberdeen-based independent oil and gas firm Parkmead said it is evaluating more acquisition opportunities to take advantage of low oil prices as it announced it made a £6.7…


Regulator calls for asset management reforms

The Financial Conduct Authority (FCA) has published critical interim findings from its market study into the UK’s £7 trillion asset management industry, saying that “price competition is weak” and that profits remain…




Edinburgh Airport tops 1m passengers in October

Edinburgh Airport said it had 1,129,720 passengers in October — making it the busiest October ever at a Scottish Airport. Edinburgh Airport, owned by Global Infrastructre Partners —…




SSE in ‘legally binding’ commitments to Ofgem

Gas and electricity regulator Ofgem said it accepted legally binding commitments from Perth-based energy giant SSE following a Competition Act investigation into whether SSE’s behaviour could have impeded…








Russell appointed Scotland’s Brexit minister

First Minister Nicola Sturgeon said Michael Russell has been appointed as the Scottish government’s new minister with responsibility for Brexit negotiations with the UK government….


Royal London assets up 11% to £93.8bn

Royal London — which includes the former Scottish Life and Scottish Provident businesses — said its new life and pensions business was up by 39% to…



Keltbray buys assets of Bathgate’s Dunne Group

Keltbray Group said it has acquired some of the assets Bathgate-based construction firm Dunne Group — which went into administration in July — from the administrators. The purchase…


Ofgem investigates SSE on pre-payment meters

Gas and electricity regulator Ofgem said it has launched an investigation into SSE’s pre-payment meter (PPM) processes. The investigation is being launched following concerns about SSE’s…



SSE: Brexit vote could cause more uncertainty

Alistair Phillips-Davies, chief executive of Perth-based energy giant SSE, said the outcome of the EU referendum “could lead to aspects of the financial, regulatory and political…



Weir sells businesses for £36.7m; orders down

Glasgow-based engineering firm Weir Group said it is selling two renewables focused businesses — American Hydro Corporation and Ynfiniti Engineering Services — for up to £36.7 million….


Investors warm to £209m Energy Assets bid

Livingston-based smart metering firm Energy Assets Group said on Wednesday it agreed to an improved takeover offer of £209 million in cash from funds controlled by US asset manager Alinda Capital…


Takeover target Energy Assets’ revenue up 25%

Livingston-based industrial smart metering firm Energy Assets Group, which has agreed to be acquired for £198 million by funds controlled by US infrastructure asset manager Alinda Capital Partners, said on…






22% vote against Standard Life bosses’ pay

Almost a quarter of Standard Life shareholders — about 22. 3% — voted against its directors’ remuneration report at its annual meeting on Tuesday. Last week, Standard…


Energy Assets shareholders threaten £198m deal

A group of shareholders who control 22.6% of Livingston-based industrial smart metering firm Energy Assets Group said on Wednesday they would vote against a £198 million takeover deal unless Energy…


Edinburgh Airport April passengers exceed 1m

Edinburgh Airport’s passenger figures for April rose by 8.7% to 1,009,529 with international traffic — up 18.4% — the strongest performer. International flights now make up more than half…



Energy Assets agrees to be bought for £198m

Livingston-based gas metering company Energy Assets Group said on Monday it agreed to be acquired by funds controlled by US infrastructure asset manager Alinda Capital Partners for about £198 million. Alinda…