Oil services tycoon Sir Ian Wood has said he now favours Brexit as he underlined his view that independence would be bad for Scotland’s economy.

READ MORE: Sir Ian said he had voted in favour of remaining part of the European Union in 2016 but now felt it would be better for the UK to go its own way, so long as it left with a deal in place. “I voted to stay in Europe; I would now vote to come out,” said Sir Ian.

The chief executive of Scottish Building Society has signalled the mutual’s commitment to opening branches, amid the relentless cuts imposed by mainstream banks.

READ MORE: Paul Denton said the oldest remaining building society in the world will officially open its newest branch on Glasgow’s Queen Street on Friday, in the same week TSB put up to 400 jobs at risk with the closure of more than 80 of its outlets.

The iconic Jenners department store is set to disappear from its Princes Street home in Edinburgh after more than 150 years.

READ MORE: The building’s Danish billionaire owner Anders Holch Povlsen has unveiled plans to reinvent the historic building and transform it into a hotel, cafe and rooftop restaurant, along with shops linked to his clothing chain, Bestseller. 

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