News

The long-awaited sell-off of Clydesdale Bank by parent company National Australia Bank due to begin today has been delayed. Shares in the Glasgow-based lender, which includes Yorkshire Bank, operating under the same licence, had been set to start trading on the London Stock Exchange after it was ann

Scottish Friendly, Scotland’s largest financial mutual, has announced a record-breaking 18 per cent increase in sales for 2015. The financial services group reported a rise from the £21.6m it posted in 2014 to £25.5m in 2015.

Simon Kay Psigma Investment Management has announced the appointment of Simon Kay as business development director of its Edinburgh office.

The UK’s IPO pipeline still contains attractive investment opportunities, but increases in the number of postponed or cancelled deals are expected in 2016 as companies battle against market volatility and challenging market conditions, according to PwC’s latest IPO Watch, published today. 61 IPO

Lloyds Banking Group is calling in £3bn of special bonds after their holders were ordered by a court to sell them after agreeing that the lender had made a mistake when issuing them. In December, the Court of Appeal ruled in Lloyds’ favour after the bank argued it had made an error in its contrac

The cost of retail crime such as shoplifting has soared to an all-time high, according to latest figures from the British Retail Consortium. The BRC’s annual Retail Crime Survey, which also shows a 30 per cent increase in violent or abusive offences, reveals that the total cost of theft to the ret

James Will The Scottish Investment Trust (SIT) has appointed James Will as non-executive chairman of the company.

Anne Richards Aberdeen Asset Management’s chief investment officer has been poached by M&G Investments, the investment arm of Prudential, to be its new chief executive.

Julie Hutchison Edinburgh-based discretionary fund manager Standard Life Wealth, has announced the appointment of Julie Hutchison to the newly created role of charities specialist.

Russell Borthwick A former executive with media group Trinity Mirror today take up the role of chief executive at Aberdeen and Grampian Chamber of Commerce.

Thomas Moore Standard Life Investments’ Thomas Moore has been ranked 41st in the table of 4,017 European fund managers, making him the top Scottish fund manager for a fifth consecutive month.

Holyrood’s Finance Committee has called for a wide ranging debate on taxation policy following the implementation of new financial powers arising from the Smith Commission. The committee issued the call in its report on the Scottish government’s draft budget for 2016-17, published today.

Paul Wheelhouse

Over a quarter (28 per cent) of the value of small and mid-cap quoted companies is based on reputation, according to the Pulse survey by accountants and business advisers BDO and the Quoted Companies Alliance (QCA). For Scotland’s AIM listed companies this means that £428m of their overall value

James Anderson James Anderson, who runs the £3 billion Scottish Mortgage Investment Trust that owns £120 million shares in Google’s parent company, Alphabet, has launched a chastening attack on the tech giant over its UK tax obligations.