Under the new plans outlined in yesterday’s Queen’s Speech, the Scottish Parliament is to receive new devolved powers to raise 40 per cent of taxes and decide about 60 per cent of public spending north of the border. The powers described in the proposed Scotland Bill, which was included in the s
Martin Gilbert Aberdeen Asset Management has bought £4.1bn US private equity and real assets manager Flag Capital Management in a move the firm said will improve its hedge fund, property, private markets, infrastructure and pan-alternative offerings.
Glasgow Sheriff Court An assistant manager who worked in the trust department of accountancy firm Grant Thornton has been jailed for 40 months for embezzling £726,000 from trusts that were set up to help charities.
Nine out of ten Scots think the Scottish Government should have full responsibility for energy policy matters in Scotland, a survey of over 12,000 consumers has found. The survey was taken by households who have joined the Big Energy Switch campaign, a Scotland-wide people power campaign to cut the
Local authorities in Scotland made just over 118,000 awards under the Discretionary Housing Payments (DHPs) scheme during 2014/15, with a total value of over £50 million granted through to 31st March 2015, new statistics have revealed. The figure was £3m more than the £47.2m initially allocated b
“They have pulled the tiger’s tail and the tiger is going to bite them back. I was nearly broke but now I am back, bigger, uglier and stronger than ever before.” Those were the defiant words of Scottish businessman Stewart Ford who was yesterday fined £75 million by the Financial Conduct Auth
Edinburgh-based Royal Bank of Scotland could be about to bid on a £13bn bundle of state-owned mortgages emanating from the Northern Rock collapse. The news comes as still 80 per cent taxpayer-owned RBS revealed yesterday that it will make a loss of £5 million on the £205m sale of a portfolio of p
Nanette Aitken Troon-based software specialist Serendipity EMS, which has supplied Kilmarnock Football Club with a new ticketing system, has announced ambitions to win similar contracts throughout the UK.