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Thursday, October 2nd, 2014

 

Resignation from The Scotsman

After careful thought I have decided to give notice of my intention to leave Johnston Press to take advantage of a number of approaches in recent months which will take my career in a different strategic direction. end    


Virgin Money unveils flotation

Virgin Money, the Edinburgh and Newcastle based bank, has this morning confirmed that it will float its shares on the London Stock Exchange to raise £150 million. The company is floating 25% of the business this month which is expected to value it at about £2 billion. All 2,800 staff will receive £1,000 of free shares. It will use the proceeds to expand its business, strengthen its reserves and pay off £50m owed to the government in relation to the £1.02bn acquisition of Northern Rock in January 2012. Since thenRead More