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Standard Life Investments, the fund arm of Edinburgh-based insurance giant Standard Life, has announced plans to reopen its UK Real Estate Fund at midday on Oct. 17, after trading on it was suspended in the wake of June’s Brexit vote.

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The latest legal storm to hit a Scottish-based banking giant has emerged after a £2m court action was filed against Lloyds bank by a firm claiming it was targeted as part of the UK’s biggest cyber scam.

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Gross mortgage borrowing of £12.4 billion was recorded in the UK for August, up 1 per cent on the same month last year, according to latest figures.

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Glasgow-based firm The Mortgage Lender, which opened for business in the city nine weeks ago, has made its first loan for house purchase since its launch.

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