RBS posts loss as Irish crisis takes toll May 6, 2011 Royal Bank of Scotland announced a first quarter loss as its exposure to Ireland’s economic woes hit its earnings, and said it expected charges for bad debts from Ireland to remain high in the next quarter. RBS, 83-percent owned by the British government after it was bailed out during the credit crisis, made an overall [...]
Linklaters names Elliott as senior partner May 4, 2011 MAGIC circle law firm Linklaters has said that Robert Elliott (pictured) will be its new senior partner from October, after David Cheyne steps down from his five-year turn in the post. Elliott has been a partner at Linklaters since 1990, having left the partnership at banking and finance specialist Wilde Sapte to join the restructuring [...]
Energy firms sign carbon capture deal November 9, 2011 ENERGY giants Shell and Scottish and Southern Energy have teamed up on a project to build a carbon storage facility aimed at stopping harmful gases from entering the atmosphere. The carbon capture and storage (CCS) technology would be built at Scottish and Southern Energy’s gas-fired plant in Peterhead, Scotland. It will allow gases to be [...]
Oh I do long to be beside the (British) seaside February 2, 2012 IT’S not the South of France or the Amalfi Coast. But Britain’s seaside has plenty of charm of its own – and not just of the quaint and slightly run-down variety, but of a beautiful, unique and in some cases, highly exclusive type. For instance, Knight Frank recently sold a mansion in south Cornwall to [...]
Banks drop but FTSE treads water ahead of Fed decision June 22, 2011 BRITAIN’S top share index closed marginally lower yesterday, as weakness in banks offset gains in defensive stocks with investors jostling positions ahead of a US interest rate decision. London’s blue chip index bobbed around but closed down 2.32 points at 5,772.99, as cautious investors awaited the Federal Reserve’s assessment of the economy and any plans [...]
Weak banks help drive FTSE to three-month closing low June 15, 2011 BRITAIN’S top shares ended lower yesterday, weighed down by banks on worries over the UK government’s drive for tougher regulation and Europe’s debt crisis, while commodity stocks also pressured the index. The FTSE 100 closed down 60.58 points, or 1.0 per cent, at 5,742.55, its lowest finish since March 18. Banks fell ahead of chancellor [...]
Lloyds eyes deal with Grainger April 26, 2011 Part-nationalised bank Lloyds is eying a deal with the UK’s largest listed housing landlord Grainger aimed at restoring the value of Lloyds’ housing portfolio which got hit by the credit crisis. A Lloyds spokesman said that Grainger had been picked as Lloyds’ preferred supplier for its “residential property asset management platform.” The likely deal between [...]
Lloyds eyes deal with Grainger April 26, 2011 Part-nationalised bank Lloyds is eying a deal with the UK’s largest listed housing landlord Grainger aimed at restoring the value of Lloyds’ housing portfolio which got hit by the credit crisis. A Lloyds spokesman said that Grainger had been picked as Lloyds’ preferred supplier for its “residential property asset management platform.” The likely deal between [...]
Taking Aim to pass on your wealth August 3, 2011 WRONGLY written off as too risky by many, investing in a managed Alternative Investment Market (Aim) portfolio can be a powerful weapon in the arsenal of avoiding paying more inheritance tax (IHT) than you need. APATHETIC ADULTS Investec has exclusively released the details of a new study to City A.M. that reveals just one in [...]
RBS to sell German and US debt April 17, 2011 Royal Bank of Scotland is set to sell large portfolios of real estate debt in Germany and the US, according to reports yesterday. The sale is part of its drive to dispose of non-core businesses. RBS has already sold £1bn of real estate loans in Spain in the last year and close to £1bn of [...]