Sacked RBS trader claims bank suppressed details of rate fixing
A FORMER dealer for the Royal Bank of Scotland has provided fresh details on how traders tried to influence Libor, the interbank lending rate, court documents filed in Singapore show.Tan Chi Min, who...
View ArticleScots manage Toronto traffic
Scottish traffic modelling consultancy Braidwood Associates has won a six-figure contract to help solve congestion problems in Toronto which has North America’s third-largest public transit system...
View ArticleComment: Diageo unfazed by the independence debate
PAUL Walsh may be two years from retiring but he’s determined to keep pushing himself and spirits giant Diageo until it is time to go. That should take him to the eve of the vote on Scottish...
View ArticleWages board confirms 2.8% pay increase
The Scottish Agricultural Wages Board (SAWB) yesterday confirmed an increase of 2.8 per cent in the minimum hourly rate for key agricultural workers and hourly rates of pay for agricultural apprentices...
View Article‘Solid’ trade at Texel sale
There were no world record prices at this year’s Texel sale at Lanark market yesterday but there was a solid trade, with a top price of 60,000gn and 11 deals done over 10,000gn.The average, at...
View ArticleDon Peebles: Scotland must deal with its debt responsibly
OUR NEW power to borrow gives us more control over our affairs but the system still lacks flexibility.There is much debate in Scotland on constitutional reform as well as talk on a date for a...
View ArticlePeter Geoghegan: Grab the money and run
IN THE wake of the 2008 crash, thousands of people are moving their accounts from the Big Five banks every month.Crisis? What crisis? The immortal phrase – created by a Sun journalist, but erroneously...
View ArticleBank of England admits its strategy is best for the rich
THE richest five per cent of households have benefited most by the Bank of England’s efforts to boost the economy by printing money, it admits.A report into the effects of quantitative easing (QE) –...
View ArticleScottish Business Briefing - Friday 24 August, 2012
WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.BANKINGCo-op profits slump – and boss has to...
View ArticleUnion says Aviva staff “paying for board failure”
Staff at Aviva whose jobs have been placed at risk in a £400 million cost-cutting drive are paying “the price of boardroom failure”, a union said today.The Norwich-based insurance group, which employs...
View ArticleDeals for first-time buyers dip
First-time buyers have been left behind while lenders have waged a rate war to attract borrowers with substantial equity or deposits.The number of mortgages requiring just a 10 per cent deposit has...
View ArticleGareth Howlett: Bank rehabilition could start with more leadership, less greed
Time for another quiz. Which famous thinker held the view that business people in general are selfish and greedy, and that their main motive is to line their pockets at everyone else’s expense? A lot...
View ArticleGovernment bonds versus equities is the question
JULY closed as it opened, with the European Central Bank promising to pour further billions into the totally bankrupt European banks, and I include the UK. The Investment Club must not grumble though,...
View ArticleGood time to check you have the best mortgage deal
Hundreds of thousands of homeowners face decision time over their mortgage after the UK’s second biggest lender hiked the cost of loan repayments. Santander is to raise its standard variable rate (SVR)...
View ArticleHelpdesk: Quick checks before buying can alert you to known scammers
Q. Last year I spent a substantial part of my yearly budget (£1,500) on a new kitchen but this was delivered incomplete, ie without doors, drawers, or finished cabinets. We assumed the rest would soon...
View ArticleMarkets: FTSE treading water on mixed signals
MIXED signals from eurozone politicians and the US Federal Reserve left traders nonplussed yesterday as the FTSE 100 Index ended up exactly even for the session.As fresh rumours of plans to manage a...
View ArticleAcquisitive SeaEnergy snaps up 3D model maker in £10m deal
ENERGY services group Sea-Energy yesterday snapped up 3D computer model maker Return To Scene (R2S) in a deal worth up to £10 million.Aberdeen-based SeaEnergy, which has oil and gas investments and is...
View ArticleFaroe shares slump as Cooper well proves another ‘disappointment’
SHARES in Faroe Petroleum dipped by as much as 12 per cent yesterday after the Aberdeen-based oil and gas driller revealed “disappointing” results from its Cooper exploration well off the coast of...
View ArticleMore couples pay wedding costs
COUPLES who decide to marry are increasingly likely to pick up the tab themselves, according to research from John Lewis.Six out of ten Scottish couples now say they expect to pay for their own wedding...
View ArticleMore first-timers are getting on the Scots housing ladder
A DRAMATIC rise in first-time buyer numbers has delivered a much-needed boost to the Scotland’s moribund housing market. The Council of Mortgage Lenders (CML) yesterday reported an increase of a fifth...
View Article