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A costume worn by Will Ferrell on the set of the Christmas film Elf is set to be sold at auction today for an estimated £50,000. The costume is the last of three existing outfits worn by the actor and is currently owned by the film's producer, Jon Berg.

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Edinburgh-based private bank Hampden & Co has hired Ryan Beattie from Adam & Co as a banking director. Mr Beattie spent over six years with Adam & Co, the NatWest-owned private bank which was restructured this year. He has worked in the banking industry for over 25 years, including roles

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Cannabis taxes have been suspended in San Francisco to help legal dispensaries compete with black market drug dealers.

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