Alliance Trust, the historic Dundee investment firm, has set up two new subsidiary companies in England to prepare for the possibility of an independent Scotland.
The FT analysis makes grim reading for chancellor George Osborne ahead of his 19 March budget. Photograph: Getty Images. Put away the champagne.
... Print. * FTSE 100 ends down 1.1 pct at 6,712.67 points. * Chinese company's bond default hurts miners. * Tensions over Crimea also weigh on UK stock market.
Royal Bank of Scotland risked stoking more anger over City pay today by handing out shares worth up to �18.2 million for its top management.
The 91,000 staff of the John Lewis Partnership will receive an annual bonus worth 15% of their salaries. The bonus is the equivalent to almost 8 weeks' pay, but the bonus rate is lower than last year's 17%.