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The UK has fallen from seventh to 12th in a global capitalism index since 2009, with researchers pointing to modest declines in labour market openness, market competition and the free flow of goods and capital. Researchers at the University of Virginia spent three years developing the first Global C

Greig McKnight, centre, Regional Managing Director for Scotland, with newly promoted Partners, from left: Michael Walker, Audit; Graeme Dreghorn and Will Bleasdale, and Victoria Walker, Jennifer Spence and David Samborek   

Scottish Friendly has completed its acquisition of pension and annuity in-payment books of business from Fidelity International. The transaction which was first announced last year, follows receipt of all necessary regulatory approvals. It brings an additional £2.3bn of assets under management

By Corah Franco, private client partner, Thorntons Before the joy of watching children embark on their university journey, and the tears that often accompany the inevitable goodbye, some families may already be considering the next question: whether to invest in more permanent accommodation for thei

After 29 years at William Duncan, Graeme Bryson is now tasked with making a new name familiar across Scotland. William Duncan and Company is a heritage accountancy firm more than 100 years old, based in Ayr. It was acquired by a Birmingham-based accountancy firm, Dains. Since the takeover, William D

New York hedge fund Sessa Capital has increased its stake in Baillie Gifford US Growth to 7.7% ahead of the trust's pivotal leadership vote later this month. Sessa is believed to have teamed up with activist investor Saba Capital Management, which is making its third attempt to replace the board wit

John Swinney is facing a 'demanding test' at the Scottish Budget on December 3 on whether the Scottish Government's five-year ambitions can be met within a resource budget forecast to fall 1.2% in real terms in 2027-28, a figure that could change after the UK Budget, the Fraser of Allander Institute

Liontrust has agreed to acquire the fund management and model portfolio services (MPS) business of Hawksmoor Investment Management for up to £10m in cash. The deal comprises an initial cash payment of £6m on completion, plus two contingent cash payments of up to £2m each, payable 1

A Scottish insolvency practitioner is urging business owners to consider an potential under-used lifeline to save their business. Christine Convy, director of Dunedin Advisory, who is a Chartered Accountant and licensed insolvency practitioner with more than 25 years’ experience in restructuri

DigitalBridge and Aberdeen Investments have completed the merger of ZEmobility and VGMobility, creating one of the largest sustainable transportation platforms in Latin America. The merger brings together more than 5,400 buses deployed across Colombia and Chile. ZEmobility, jointly owned by DigitalB

Private equity firms Warburg Pincus and Clayton Dubliner & Rice (CD&R) are in advanced talks to buy Canaccord Wealth. The firms are discussing a joint takeover of Canaccord Genuity's British Wealth arm and have emerged as the leading bidder as part of an auction process launched by the group

Almost half (47%) of Scottish adults who do not own their own home believe they will never be able to, according to a new report from specialist lender Pepper Money. The findings highlight the barriers facing aspiring homeowners in Scotland, particularly those who are self-employed, have variable in

Aon and accountancy and business advisory firm Saffery have brought in 20 graduates and trainees between them across Scotland as part of an investment in early careers. The global professional services firm recruited four graduates to its Scottish offices as part of its Early Careers programme.

Four ICAS Foundation students are set to return to Johnston Carmichael as graduate trainees. The foundation was set-up to help talented young people from diverse socio-economic backgrounds into the profession, as part of its scheme it partnered with the accountancy firm.