Business correspondent and personal finance editor since 1998, four times Scottish financial writer of the year, and once journalist of the year. Likes bringing business personalities to life, responding to unhappy consumers, and investigating bust businesses and the murkier corners of money. Highly commended in the 2013 UK Regional Press Awards.
However, a new code of conduct for insurers, which was introduced yesterday amid calls for people to be better informed of their choices at retirement, has met with scathing criticism from long-established online service Annuity Direct.
The Financial Conduct Authority (FCA), which will take over some regulatory duties from the Financial Services Authority, said it would be taking tough measures to ensure consumers get a fair deal.
Tenon shares plunged 9% on its half-year results to 5.76p, putting a market value of £58 million on the UK's seventh-largest and only quoted accountant.
Lloyds was granted a warrant over 9.99% of the shares after it granted Tenon new facilities of £93m last October, an increase from £88m, as the group reported a £10m full-year increase in debt to £78m. Debt has now risen to £80.4m.