News

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.

Fred Goodwin A bankrupt Taiwanese businessman has launched a lawsuit in Singapore against Royal Bank of Scotland.

Duncan Ferguson Former Dundee United striker Duncan Ferguson has been declared bankrupt.

Martin Gilbert Aberdeen Asset Management founder and chief executive Martin Gilbert has been named deputy chair of satellite TV operator Sky.

Business advisers and accountants Scott-Moncrieff have kicked off the year by announcing a new board for their growing business, which encompasses offices in Edinburgh, Glasgow and Inverness, following a merger last year with Callander Colgan.

Willie Rennie The Scottish Liberal Democrats have announced that they are committed to increasing income tax by a penny in order to fund what they say would be “the biggest investment in Scottish education since devolution”.