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Speculation is rife that activist Elliott is set to push for a dramatic new plan that could see the FTSE100 firm sold off in parts or swallowed up by a foreign rival.
Booming Scottish finance industry wrestles with rising prospect of ‘Scexit’
Citigroup is predicting a 35pc chance of Scottish independence in the next decade after SNP victory
9 May 2021 • 1:50pm
Still reeling from the uncertainty surrounding Brexit, bankers and investors in Scotland are now facing the prospect of ‘Scexit’ – a split from the UK – following the Scottish National Party’s fourth victory in the Holyrood elections.
In a dramatic weekend for UK politics, Nicola Sturgeon said there is “no democratic justification whatsoever for Boris Johnson or anyone else seeking to block the right of the people of Scotland to choose our future”, leaving financiers asking themselves if they are ready for a break-up that could make Brexit feel like an appetiser.