Scottish Independence: How well would a stock exchange with companies head quartered in Scotland perform ? September 16, 2014 If Scotland votes Yes to independence, would there be a Scottish stock exchange and how well would it perform? In the world of Scottish independence hypotheticals, it's a good one. Just two countries to gain independence have ever decided not to set up their own stock exchange: Kosovo and Turkmenistan. While there's been no word on [...]
RBS continues talks over sale of equity derivatives unit November 18, 2013 Royal Bank of Scotland has confirmed this morning that it is in continuing talks to sell its investor products and equity derivatives business, but does not name the third parties involved. (Release) The news comes two and a half weeks after the part-nationalised lender announced its to set up a £38bn internal 'bad bank' to [...]
What the other papers say this morning – 27 February 2014 February 26, 2014 FINANCIAL TIMES Hester to shore up RSA with £1.5bn Stephen Hester is finalising plans to shore up RSA’s balance sheet by as much as £1.5bn with one of the biggest equity raisings by a UK insurer, said people with knowledge of the matter. The former Royal Bank of Scotland chief, drafted in to run RSA [...]
RBS sells WorldPay to Bain Capital November 27, 2013 The Royal Bank of Scotland (RBS) has sold its 20 per cent stake in WorldPay to private equity firms Bain Capital and Advent International. RBS said it expected to record a £160m profit from the sale of the payment processing company in its 2013 results. RBS sold the the majority of its stake in WorldPay [...]
Why Scottish independence would be costlier than the nationalists believe May 29, 2014 ON 18 September, the Scottish electorate will vote on whether to secede from the UK. Although supporters of the Union may be reassured by polls suggesting that break-up will not happen, this should not be taken for granted. And both sides have not properly analysed the economic consequences if the Scots do vote to leave [...]
London Report: FTSE sheds points as taper fears return to haunt investors December 11, 2013 THE UK’S top share index ended slightly lower yesterday with a provisional budget deal in Washington raising concerns of a reduction in US stimulus as early as next week. The agreement, reached late on Tuesday, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown. [...]
UK house prices in graphs: For one London square metre you could buy a new car July 11, 2014 Buying a square metre of Kensington and Chelsea property now costs roughly the same as a new entry-level Ford Fiesta. With one square metre costing £10,854, the area is the most expensive local authority in the country to live in. According to data from Halifax, average house prices in this and six other London boroughs [...]
RBS finance chief Bostock resigns after just 10 weeks on bank board December 10, 2013 THE FINANCE director of the Royal Bank of Scotland (RBS) is on his way out of the bank, barely two months after starting in the job. Nathan Bostock, who moved to RBS at the beginning of October, is set to quit his role and head to Santander. The RBS board confirmed last night that they [...]
London Report: Banks lift FTSE as new leverage rules welcomed January 13, 2014 ARALLY in banking shares helped the FTSE 100 rise to a two-month closing high yesterday as investors welcomed the prospect of lighter rules on leverage for the sector. Supermarket WM Morrison was the top FTSE gainer on speculation it may sell some property and return some of the proceeds to shareholders, while oil and gas [...]
BoAML: Scottish independence would boost growth in rest of the UK June 9, 2014 As the Scottish independence referendum looms, Bank of America Merrill Lynch (BoAML) have out a 31-page report on the investment implications of a "yes" vote. The pro-independence campaign has been gaining momentum, as the pro-union side's lead has narrowed from 15 percentage points at the start of the year to just three in a recent [...]