PRESS DIGEST- Financial Times - May 9

- John Swinney, Scotland's new first minister, has appointed Kate Forbes as deputy first minister and economy secretary. - Alliance Pharmaceuticals said that its auditor Deloitte needed more time to check its accounts and announced the departure of long-serving chief executive Peter Butterfield but said this was not related to the delay in its results.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck - BrewDog co-founder steps down as chief executive after 17 years

- Kate Forbes appointed deputy first minister of Scotland - Alliance Pharma hit by delayed results and chief's exit

Overview - Argentum Exploration, a company controlled by hedge fund manager Paul Marshall, has lost a legal battle with the South African government over $43mn of silver bars recovered from a second world war wreck in the Indian Ocean.

- BrewDog's chief executive James Watt, has stepped down after 17 years, to be replaced by the company' chief operating officer, James Arrow. - John Swinney, Scotland's new first minister, has appointed Kate Forbes as deputy first minister and economy secretary.

- Alliance Pharmaceuticals said that its auditor Deloitte needed more time to check its accounts and announced the departure of long-serving chief executive Peter Butterfield but said this was not related to the delay in its results. (Compiled by Bengaluru newsroom)