News

Katherine Garret-Cox US hedge Elliott Investors has criticised what it described as “unsubstantiated attacks” on a trio of prospective directors that it is agitating to have installed on the Dundee-based wealth manager Alliance trust’s board.

Rory Cullinan, the executive chairman of Royal Bank of Scotland’s Corporate and Institutional Bank who sent photographs to his daughter claiming that he was bored in meetings, is to quit after just a month in the role. The announcement comes just weeks after reports revealed Mr Cullinan (pictured)

The latest twist in the ongoingAlliance Trust board saga has seen the company’s broker, JP Morgan Cazenove now say that it understands the concern’s of the current board over the methods used by agitating US investor Elliot Advisors to select a trio of prospective new members. The board of the �

The Scottish Retail Consortium has issued an appeal from Scottish retailers for a "fundamental review" of business rates, ahead of a 2 per cent rise which is due to come into effect on Wednesday. The SRC claimed the current rates system was hampering Scottish economic growth said the 2 per cent incr

The Hunter Centre for Entrepreneurshipis calling on leaders of Scottish companies that are turning over at least £500,000 to apply for a place on its growth programme. The Centre says its Growth Advantage Programme is the first of its kind to be offered in Scotland and is being run by Strathclyde B

The UK's economy grew at a faster pace in 2014 than stated by previous estimates. According to the Office for National Statistics’ latest data, the economy grew by 0.6 per cent in the final three months of 2014, up from the previous estimate of 0.5 per cent.

Work on a £1.13 billion City Deal that will bring tens of thousands of new jobs to Glasgow and the Clyde Valley is to formally begin this week after it was approved by ministers at the UK and Scottish governments. The City Deal, the biggest of its kind in the UK, will fund major infrastructure proj

The Bank of England has revealed that the number of mortgage approvals made to home-buyers rose to its highest level in six months in February. A total of 61,760 was reached over the past six months suggesting housing market activity is recovering after experiencing a lull during the latter part of

Scotland’s highest earners live in Aberdeenshire and Kincardine, according to analysis by NFU Mutual. Average income for all adults, including the self-employed in both areas was clocked at £27,600.

Dundee City Council is to set up a centralised team to deal with all payments after it emerged that dozens of suppliers were not paid within 30 days of submitting an invoice. Dundee has committed to setting up Purchase to Pay, and has rolled the scheme out in the housing, social work and education d

Alliance Trust chief executive Katherine Garrett-Cox, who is currently embroiled in an increasingly bitter dispute with an American activist investor to shake up the Dundee-based firm’s board, has now been short-listed for a prestigious national award. She is in the running for the Veuve Clicquot

Fred Goodwin, the disgraced former Royal Bank of Scotland chief executive has been ordered by a High Court judge to hand over personal e-mails he sent in the run-up to the bank’s 2008 share sale. At a hearing last week, Mr Justice Hillyardapproved the request to have the correspondence made public

Optimism in financial services rose strongly in the three months to March and profitability improved in most sectors, according to the latest CBI/PwC Financial Services Survey. Despite overall business volumes across the sectors continuing to increase, the pace of growth was the slowest in a year.

Confidence within the Scottish construction industry has reached a new record high of PLUS 29, up three points on the rating recorded at the end of 2014. This is the headline result of the most recentScottish Construction Monitor, a quarterly survey of the membership of the Scottish Building Federat

Johnston Carmichael is to enhance its integrated employment solutions offering with the strategic appointment of Richard Britten. Mr Britten (pictured), a seasoned tax and national insurance professional, has accumulated more than 20 years’ experience in international tax and employment taxation w