Search Results for SSE


Employment rose 51,000 in last quarter

Employment in Scotland rose by 51,000 to 2,629,000 in the last quarter — the largest quarterly rise on record — according to the UK’s Office for National Statistics…


RBS cancels $300m Infosys contract

The Royal Bank of Scotland has terminated a $300 million contract with Indian technology firm Infosys following the announcement last week that RBS will no longer pursue its…


Moody’s cuts Johnston Press deep into junk

Moody’s Investors Service has downgraded the bond (debt) ratings of media firm Johnston Press, owner of The Scotsman, the i newspaper and the Yorkshire Post, deeper into…


Burness turnover £53m, but Brexit bites profit

Leading Scots law firm Burness Paull said turnover for the financial year ending July 31 rose 3.9% to £53.3 million –but profit fell 3.4% to £22.6 million as post-Brexit uncertainty…


Cairn shares up amid Senegal discovery

Shares of Edinburgh-based global oil and gas explorer Cairn Energy rose 4.5% after it said an appraisal of its “world-class” discovery off the coast of Senegal had significantly increased so-called “2C”…




Stan Life strengthens social investing team

Edinburgh-based Standard Life Investments has strengthened its Environmental, Social and Corporate (ESG) team with the hiring of Marc Brammer and Sophie Rahm as responsible investment analysts….





Aegon buys Cofunds from Legal & General

Dutch insurance and investment giant Aegon, which has large UK operations in Edinburgh, said it would acquire Cofunds — an investment platform for financial advisers — from…



Brown joins Scottish Building Society board

Scottish Building Society said it has strengthened its senior management team with the appointment of Aileen Brown in the newly-created role of finance director. Brown joins…


Glasgow subway to reopen nine days late

Strathclyde Partnership for Transport (SPT) said the Glasgow subway will reopen nine days later than planned on Wednesday, August 10 following a major modernisation programme. SPT said essential renewal…




Demand falls for Scottish goods and services

Demand for Scottish goods and services in July deteriorated at the fastest pace for nearly four years, according to the latest Bank of Scotland/Markit purchasing managers’…




FanDuel happy as NY legalizes fantasy sports

Fantasy sports operator FanDuel — based in Edinburgh and Manhattan — welcomed the news that Governor Andrew Cuomo has signed legislation to legalize interactive fantasy sports in New York…






Tough grade for RBS in European stress test

Royal Bank of Scotland (RBS) was one of the worst performing banks in stress tests carried out by the European Banking Authority (EBA). Under the imaginary stress conditions,…






Stanton to succeed Cochrane at Weir Group

Glasgow-based engineering firm Weir Group said Keith Cochrane will step down as chief executive after 10 years on the board. Finance director Jon Stanton will succeed Cochrane on October…


Concern that RBS may charge firms for deposits

The Federation of Small Businesses (FSB) said news that Royal Bank of Scotland (RBS) and its NatWest subsidiary might consider charging business customers to deposit money would be…


Edinburgh Trams to run every five minutes

Edinburgh Trams are to run every five minutes during morning and evening rush hours to respond to higher demand. The tram line is 14km long and runs from Edinburgh…



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…