Mouchel chair quits after just four days October 16, 2011 STRUGGLING infrastructure group Mouchel was plunged into further chaos last night after its interim chairman quit after barely four days in the job. David Sugden resigned after failing to win the backing of Mouchel’s lenders to fill the position permanently. He had only replaced Bo Lerenius on Thursday when the firm warned it could breach [...]
Commodities drag FTSE 100 down as euphoria wears off December 1, 2011 THE UK’s leading share index closed lower yesterday, led by weaker commodity prices, as earlier gains were reversed in tandem with a weaker showing on Wall Street as Wednesday’s boost from central bank intervention moves proved short-lived. At the close, the FTSE 100 index was down 16.08 points or 0.3 per cent at 5,489.34, just [...]
Fitch cuts ratings of Lloyds and RBS October 13, 2011 Ratings agency Fitch cut the credit score of bailed-out lenders Lloyds and Royal Bank of Scotland, saying the government had become less likely to give them further financial support. Fitch’s downgrade of Lloyds and RBS followed a similar move last week from rival Moody’s, which also cited a reduced likelihood of additional state assistance for [...]
Scottish jobs growth slowing September 19, 2011 Employment prospects north of the border continued to improve in August, despite a slower growth in vacancies than seen the previous month. Both permanent and temporary jobs growth was recorded in the latest Bank of Scotland labour market barometer, released yesterday. The survey recorded a score of 53.9 in August – its lowest since March, [...]
ADVISERS INVESTEC April 12, 2012 KEITH Anderson and Chris Baird of Investec advised Melrose on yesterday’s secondary share placing. Anderson is co-head of corporate broking at Investec and has advised a range of top clients on their finances. He and Baird were recently appointed as a broker to Halma, a FTSE 250 UK technology provider, having advised the firm in [...]
RBS boss makes loss on shares September 19, 2011 Royal Bank of Scotland head of global banking and markets John Hourican has sold 1.1m of his shares in the bank at a rate of just 24p. Shares in the bailed-out bank were worth 44p last year when Hourican received a massive share bonus. But he was forced to hold on to them for six [...]
RBS boss makes loss on shares September 19, 2011 Royal Bank of Scotland head of global banking and markets John Hourican has sold 1.1m of his shares in the bank at a rate of just 24p. Shares in the bailed-out bank were worth 44p last year when Hourican received a massive share bonus. But he was forced to hold on to them for six [...]
Call for RBS to drop fees on small business loans October 9, 2011 FORMER chancellor Nigel Lawson has called on the Treasury to force Royal Bank of Scotland to offer loans to small businesses on a not-for-profit basis. Lord Lawson of Blaby yesterday said increased lending to small businesses by RBS and, to a lesser extent, Lloyds – both state-owned – would boost the economy alongside Bank of [...]
Call for RBS to drop fees on small business loans October 9, 2011 FORMER chancellor Nigel Lawson has called on the Treasury to force Royal Bank of Scotland to offer loans to small businesses on a not-for-profit basis. Lord Lawson of Blaby yesterday said increased lending to small businesses by RBS and, to a lesser extent, Lloyds – both state-owned – would boost the economy alongside Bank of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2011 FINANCIAL TIMES WHITEHALL FEARS NEW BAILOUT FOR RBS Nervousness is growing in Whitehall that the government might have to inject further capital into Royal Bank of Scotland as part of a European effort to recapitalise the continent’s banking system. RBS received the biggest bail-out of the 2008 crisis GOULD LEADS RACE TO BECOME BG CHAIRMAN [...]