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After weeks of claim and counter-claim, in what had become an increasingly hostile stand-off, the board of Alliance Trust has today sensationally announced an agreement with activist shareholder Elliott Advisors. Peace broke out on the eve of what was billed as tomorrow’s crunch AGM showdown after

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Tullis Russell the 70 per cent employee-owned Fife papermill which has a history stretching back more than 200 years has gone in into administration with the immediate loss of 325 jobs. Bosses speaking from the company’s Markinch base confirmed today that accountancy firm KPMG has been appointed a

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The price of oil is holding steady at a four and a half month high driven up by concerns over disruption to supplies from the Middle East. Brent crude oil is at $65.37 per barrel and has gained around $9 since March.

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State-backed Royal Bank of Scotland has agreed to sell another tranche of North American loans to Mizuho Bank. RBS is selling $5.6bn (£3.7bn) of corporate loan commitments to the Japanese lender for about £330m.

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The treasurer of the Rangers Supporters Association Boys Club is facing jail after she used the club’s books to launder £55,000 from the company she worked for. Margaret Stewart, 47, who worked in the accounts department of Ivanhoe Cambridge UK, owners of Glasgow's St Enoch Centre, siphoned the c

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Almost 90 per cent of adults in Scotland have heard of the Living Wage, making it the most Living Wage conscious region in the UK, according to new research commissioned by accountants KPMG. The survey, which looked at social mobility, polled 4,500 adults and 500 16-17 years olds across the UK. At a

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The chief executive of the Institute of Chartered Accountants Scotland, Anton Colella, was paid £354,000 last year. Mr Coella’s remuneration was revealed in the newly-published ICAS annual review for 2014, which revealed the total wage bill for other executive directors at the organisation increa

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Architects Jestico + Whiles have submitted a formal planning application for the construction of a signature hotel at the heart of Edinburgh’s St James Centre £850 million redevelopment.

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