Fish landed by Scots vessels up 25% to £557m
The value of fish landed by Scottish registered vessels in 2016 increased by 25% in real terms, according to the latest statistics published by the…
The value of fish landed by Scottish registered vessels in 2016 increased by 25% in real terms, according to the latest statistics published by the…
Perth-based energy giant SSE said on Wednesday it continues to expect that its total adjusted operating profit for 2017-18 as a whole will be impacted by…
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…
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…
Inverness Airport saw a 23.5% increase in passenger numbers in the last financial year – up to 829,018 during 2016-17. Inverness recorded the highest monthly…
Perth-based energy giant SSE said it sold the biggest ever green bond by a UK company. “The €600 million bond is the first of its kind…
The Scottish Retail Consortium (SRC) has blamed a “toxic cocktail” of rising rates and regulatory costs from the Scottish Government for the loss of 6,400 jobs…
Scotland’s Brexit Minister Michael Russell said on Monday the UK Government must rule out an “unthinkable” Brexit no-deal. Russell called on the UK Government to commit to…
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…
Glasgow-based cloud computing firm iomart confirmed on Friday that it is one of a number of parties in early stage discussions regarding the potential acquisition of…
The chief executive and finance director of Perth-based energy giant SSE enjoyed massive rises in their total remuneration packages in the year to March 31, according…
Edinburgh-based oil and gas company Cairn Energy on Friday stressed the potential of its work in Senegal and the North Sea in a statement ahead…
Perth-based energy giant SSE said on Wednesday its adjusted pre-tax profit rose 2.1% to £1.55 billion in the year to March 31 — but warned of uncertainty ahead as the…
Edinburgh-based pensions, investment and insurance firm Aegon UK said its earnings rose 45% to £31 million in the first quarter as combined assets in its “platform”…
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…
UPDATE 2 — Aberdeen Asset Management said its revenue increased to 10.6% to £534.9 million and underlying profit before tax increased 19.8% to £195.2 million in the six…
Edinburgh-based Standard Life plc said terms have been agreed to sell its Hong Kong insurance business Standard Life Asia to Standard Life’s Chinese joint venture insurance business…
Perth-based energy giant SSE said it would increase its electricity prices 14.9% on average from April 28 in a move that would affect 2.8 million customers throughout Great Britain….
Edinburgh-based oil and gas company Cairn Energy said it reduced its full-year loss to $95 million in 2016 — compared to a $516 million loss…
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…
Edinburgh-based oil exploration company Cairn Energy has emerged as a frontrunner to buy North Sea oil and gas assets put up for sale by Denmark’s Dong Energy, according…
State-owned Scottish ferry company Caledonian MacBrayne (CalMac) said that in 2016 it exceeded five million passengers for the first time since 1997 — helped by the first full year…
Shares of Aberdeen Asset Management fell almost 5% after it said its assets under management fell about £9.4 billion to £302.7 billion in the three months…
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…
Shell agreed to sell roughly half of its UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Chrysaor, backed by Harbour Energy, an…
UPDATED – Aberdeen Asset Management said in its latest annual report that “taking account of the financial performance in 2016” salaries for its employees earning…
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…
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…
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 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…
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…
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…
A 20% increase in international passengers helped Edinburgh Airport achieve the busiest ever November for a Scottish Airport. Edinburgh Airport, owned by Global Infrastructre Partners…
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 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…
Perth-based energy giant SSE said on Friday said it will not increase standard household energy prices this winter, capping them at their current level until at least…
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…
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…
Aberdeen Asset Management has announced the opening of a new office in Abu Dhabi, the capital of the United Arab Emirates. Aberdeen, which manages global assets of more…
Virgin Trains said it has seen a surge in cross-border rail travel after investing in 42 new services connecting Edinburgh to Newcastle and London. It…
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 —…
Aberdeen-based Siccar Point Energy said it will acquire the North Sea assets of Austria’s OMV AG for up to $1 billion. Siccar Point said the purchase of…
Perth-based energy giant SSE said its adjusted profit before tax fell 13.3% to £475.8 million in the six months to September 30 compared to the same…
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…
Royal London — which includes the former Scottish Life and Scottish Provident businesses — said funds managed by the group have passed £100 billion for the first…
Perth-based energy giant SSE said it agreed to sell a 16.7% equity stake in Scotia Gas Networks (SGN) to the Abu Dhabi Investment Authority (ADIA) for about…
Royal Dutch Shell has invited binding bids from companies including Grangemouth refinery owner Ineos and Blackstone-backed Siccar Point Energy for the sale of some of its…
Brexit could lead to the loss of between 30,000 and 80,000 jobs in Scotland, according to a report by the Fraser of Allander Institute commissioned by…
More than one million passenger journeys have been made on the Borders Railway between Edinburgh Waverley and Tweedbank near Melrose since it opened a year ago…
The value of construction work going through the Scotland-wide “hub” programme led by the Scottish Futures Trust (SFT) has increased to more than £1 billion….
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 — which includes the former Scottish Life and Scottish Provident businesses — said its new life and pensions business was up by 39% to…
The chief executive of Perth-based energy giant SSE said the UK does not need EDF’s £18 billion Hinkley Point C nuclear plant because there are enough credible…
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…
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…
Aberdeen Asset Management said it had net outflows of £8.9 billion during the quarter to June 30 but this was offset by £17.5 billion of asset appreciation. Assets under…
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…
First Minister Nicola Sturgeon said she will make an initial visit to Brussels on Wednesday to set out Scotland’s position on remaining in the European…
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….
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…
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…
Edinburgh Trams said it carried 5.38 million passengers in its second 12 months of operation, an increase of 9.3% on the previous year, when 4.92 passengers…
Almost all oil and gas operations in the UK North Sea are up for sale, according to an expert at Edinburgh-based global energy consultants Wood Mackenzie….
Passenger numbers for the new Borders Railway between Edinburgh Waverley and Tweedbank near Melrose have exceeded original estimates by almost a quarter in the first…
Perth-based energy giant SSE said on Wednesday its profits fell in the year to March 31 and that it is considering the sale of up to…
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…
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’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…
Weakness in emerging markets took a toll on Aberdeen Asset Management’s results for the six months to March 31, 2016, with revenue, profit and assets…
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…