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Glasgow Times
27 minutes ago
- Glasgow Times
Trump visit is in the public interest, says Chancellor
Mr Trump is due to touch down in Scotland on Friday evening ahead of a four-day visit, during which he will meet Prime Minister Sir Keir Starmer and First Minister John Swinney. His meeting with Sir Keir is seen as a chance to refine the UK-US trade deal which came into force last month. Speaking to journalists during a visit to the Rolls-Royce factory near Glasgow Airport on Friday morning, the Chancellor talked up the importance of the visit. 'It's in Britain's national interest to have strong relations with the US administration and as a result of both that long-term special relationship, but actually more importantly, the work that our Prime Minister Keir Starmer has done in building that relationship with President Trump has meant that we were the first country in the world to secure a trade deal,' she said. US President Donald Trump will touch down in Scotland on Friday evening (PA) 'That has a tangible benefit for people here in Scotland, whether it is people working in the Scotch whisky industry or people working in the defence sector like here at Rolls-Royce, that trade deal means lower tariffs than any country in the world on things that we send to the US.' Ms Reeves dodged a question relating to senior ministers – including Health Secretary Wes Streeting, Foreign Secretary David Lammy and Scottish Secretary Ian Murray – supporting a motion when in opposition in 2019 calling for the president's first state visit to be cancelled and accusing him of 'misogynism, racism and xenophobia'. Mr Trump is expected to visit both of his golf clubs in Scotland – in South Ayrshire and Aberdeenshire – during the visit, which has been described as 'private' by the White House, before leaving on Tuesday. His presence is likely to spark protests across the country, with Police Scotland being forced to request aid from other forces to help increase manpower for the trip. In a carefully worded statement ahead of the visit, Mr Swinney said the focus it will bring to Scotland will allow people to have their voice heard on issues including 'war and peace, justice and democracy'. First Minister John Swinney will mee the US president during his visit to Scotland (PA) Mr Swinney added: 'As First Minister it is my responsibility to advance our interests, raise global and humanitarian issues of significant importance, including the unimaginable suffering we are witnessing in Gaza, and ensure Scotland's voice is heard at the highest levels of government across the world. 'That is exactly what I will do when I meet with President Trump during his time in Scotland.' The First Minister said Scotland is a 'proud democratic nation' that 'stands firm on the principles of equality and freedom for all, and a society that stands up for a fair and just world'. He also urged those seeking to protest to do so peacefully. 'I am confident the vast majority of people protesting will do Scotland proud and demonstrate as they should – peacefully and lawfully,' Mr Swinney said. 'I am also confident that Scotland's police service can handle the challenge of keeping all our communities safe and, as they must, in maintaining the appropriate security any US president requires. 'This weekend is a landmark moment in our relationship with the United States, and I am certain it will be remembered for Scotland showing the world the very best of itself.'
Finextra
an hour ago
- Finextra
SS&C acquires funds network Calastone in $1bn deal
Investment funds processing network Calastone has been bought by US-based funds servicing firm and software vendor SS&C Technologies in a deal worth £776m ($1.03bn). 1 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. With more than 4,500 financial organisations as clients, Calastone, founded in 2007, considers itself to be the lagest network for investment funds. SS&C provides fund administraiton services to asset managers. According to the announcement, the two companies plan to build a "unified, real-time platform aimed at reducing cost and complexity across fund operations". The sale comes five years after Calastone welcomed private equity firm Carlyle Group as a majority shareholder, a deal that funded Calastone's expansion efforts and moves into other areas such as ETF processing and tokenisation. 'SS&C's global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market," said Calastone CEO Julian Hammerson. "We look forward to working together to deliver transformational services to asset and wealth managers and drive growth. I am immensely grateful to the entire Calastone team for their dedication and to our clients for their continued trust.' 'Calastone has built an impressive network and platform, and together we will create a more connected, automated and intelligent global fund ecosystem," added SS&C chairman and CEO Bill Stone. "This combination reinforces our commitment to delivering innovative, scalable solutions to reduce complexity and enhance outcomes for the asset and wealth management industry.' The deal is expected to close in Q4 2025. Barclays acted as Calastone's financial advisor for the transaction, while legal counsel was provided by Linklaters and Mishcon De Reya.
South Wales Guardian
an hour ago
- South Wales Guardian
Trump visit is in the public interest, says Chancellor
Mr Trump is due to touch down in Scotland on Friday evening ahead of a four-day visit, during which he will meet Prime Minister Sir Keir Starmer and First Minister John Swinney. His meeting with Sir Keir is seen as a chance to refine the UK-US trade deal which came into force last month. Speaking to journalists during a visit to the Rolls-Royce factory near Glasgow Airport on Friday morning, the Chancellor talked up the importance of the visit. 'It's in Britain's national interest to have strong relations with the US administration and as a result of both that long-term special relationship, but actually more importantly, the work that our Prime Minister Keir Starmer has done in building that relationship with President Trump has meant that we were the first country in the world to secure a trade deal,' she said. 'That has a tangible benefit for people here in Scotland, whether it is people working in the Scotch whisky industry or people working in the defence sector like here at Rolls-Royce, that trade deal means lower tariffs than any country in the world on things that we send to the US.' Ms Reeves dodged a question relating to senior ministers – including Health Secretary Wes Streeting, Foreign Secretary David Lammy and Scottish Secretary Ian Murray – supporting a motion when in opposition in 2019 calling for the president's first state visit to be cancelled and accusing him of 'misogynism, racism and xenophobia'. Mr Trump is expected to visit both of his golf clubs in Scotland – in South Ayrshire and Aberdeenshire – during the visit, which has been described as 'private' by the White House, before leaving on Tuesday. His presence is likely to spark protests across the country, with Police Scotland being forced to request aid from other forces to help increase manpower for the trip. In a carefully worded statement ahead of the visit, Mr Swinney said the focus it will bring to Scotland will allow people to have their voice heard on issues including 'war and peace, justice and democracy'. Mr Swinney added: 'As First Minister it is my responsibility to advance our interests, raise global and humanitarian issues of significant importance, including the unimaginable suffering we are witnessing in Gaza, and ensure Scotland's voice is heard at the highest levels of government across the world. 'That is exactly what I will do when I meet with President Trump during his time in Scotland.' The First Minister said Scotland is a 'proud democratic nation' that 'stands firm on the principles of equality and freedom for all, and a society that stands up for a fair and just world'. He also urged those seeking to protest to do so peacefully. 'I am confident the vast majority of people protesting will do Scotland proud and demonstrate as they should – peacefully and lawfully,' Mr Swinney said. 'I am also confident that Scotland's police service can handle the challenge of keeping all our communities safe and, as they must, in maintaining the appropriate security any US president requires. 'This weekend is a landmark moment in our relationship with the United States, and I am certain it will be remembered for Scotland showing the world the very best of itself.'
