Scotland

Scottish ministers could soon have the power to issue their own bonds, chief secretary to the UK Treasury, Danny Alexander, is set to tell the Glasgow Chamber of Commerce today.

An independent Scotland would not automatically receive the AAA rating enjoyed by the UK and could find itself ranked several notches lower, ratings agencies have suggested.

Rathbones has poached Jeremy Stanyer, a specialist in private client investment management from Williams de Broe, for the position of investment director at its Aberdeen office.