Search Results for SSE

£475m of train improvements at ScotRail

ScotRail has announced a £475 million train improvement programme it said will deliver new trains, thousands of extra seats, at-seat power points and better wifi. When the seven-year programme…


Graham’s The Family Dairy sales hit £86.5m

Bridge of Allan-based Graham’s The Family Dairy announced that its 2015 sales increased to £86.5 million from £85 million last year. Pre-tax profit rose to £1.6 million in…


Edinburgh and Glasgow airports boom

Edinburgh Airport is on course for its busiest year ever and Glasgow Airport is on track to record its strongest year since 2008. Edinburgh had 794,792 passengers in November, a…


Deals help Wood Group weather storm

Shares of Aberdeen-based global energy services giant Wood Group rose almost 3% on Thursday after it published a strong trading update for the year to…


FirstGroup retains TransPennine franchise

Aberdeen-based transport giant FirstGroup has retained the TransPennine Express rail franchise until at least 2023. The franchise will play a key part in delivery of the UK Government’s…


Stagecoach cuts forecast after Paris attacks

Shares of Perth-based bus and train operator Stagecoach fell more than 13% after it said the terrorist attacks in Paris have discouraged people from traveling to major…


Gordon Brown joins Pimco advisory board

Former UK Prime Minister Gordon Brown is to join four other “world-renowned experts on economic and political issues” on a new global advisory board at…


NAB details Clydesdale Bank demerger

National Australia Bank (NAB) has urged its shareholders to support a proposed demerger of its Clydesdale and Yorkshire Bank (CYBG) at a special meeting on…




Ineos sets up new North Sea business

Grangemouth refinery operator Ineos said it has set up a new oil and gas subsidiary to hunt for opportunities as it completed the purchase of the North Sea natural…


RBS survives central bank stress test

Royal Bank of Scotland (RBS) and Standard Chartered have survived the 2015 stress test set by the Bank of England, the UK’s central bank —…


Renminbi becomes IMF reserve currency

The International Monetary Fund (IMF) has decided that the Chinese renminbi (RMB) should be considered a global “reserve” currency. The move means markets will now prepare for…


Menzies profit to be £2m less than expected

Edinburgh-based airport cargo handling and news distribution company John Menzies has warned shareholders it now expects full year earnings to be £2 million below previous expectations due partly…


‘Rates must go up’ — Aberdeen’s Young

Interest rates “must go up because they (artificially low rates) are distorting so much” said Hugh Young, managing director of Aberdeen Asset Management Asia. “I mean, it’s not…



HBOS report: execs could face action

The report into the collapse of HBOS has recommended that regulators should consider whether former bosses at the bank should be banned from the finance industry. The review also concluded…


$20bn Nthn Rock loans sold to Cerberus

The UK government has sold $20 billion (£13 billion) of former Northern Rock mortgages and loans to US private equity firm Cerberus in the largest ever…


Scottish Mortgage Targets Unlisted Firms

By Mark McSherry Scottish Mortgage Investment Trust’s latest results show a big increase in its stakes in companies not listed on the stock market and reveal…



Firms lured to £1bn Dundee Waterfront plan

A growing number of international and UK-based investors and developers are showing interest in the £1 billion Dundee Waterfront regeneration project that will transform 240 acres…




CEO Godfrey leaves Investment Association

The Investment Association (IA) — the powerful trade group for the Scottish and UK fund management industry — said Daniel Godfrey is leaving his role as its chief executive,…


Scotch giant Diageo hires new CFO from Xerox

Scotch whisky giant Diageo, the world’s biggest spirits maker, said Kathryn Mikells (pictured) will become its chief financial officer on November 9. Mikells succeeds Deirdre Mahlan, who is returning to…


Scots Govt. launches $118m innovation fund

Scotland’s First Minister Nicola Sturgeon has launched a £78 million ($118m) fund to help the country become an “innovation nation” and push Scottish businesses to develop almost 1,000 new inventions, products and…


Edinburgh Council to sell Atria for £100m

The City of Edinburgh Council has put the prestigious Atria office development in the heart of the Scottish capital’s Exchange financial district on the market for…


Stagecoach wins extension of East Midlands

Stagecoach subsidiary East Midlands Trains has won a deal to continue running services between London, the East Midlands and parts of the north of England until…



Lothian Buses hit £135m revenue; trams strong

The main bus company for Scotland’s capital city continues to make good profits for major shareholder Edinburgh Council, while the new Edinburgh Trams service has made a stronger start…