CFO appointment reduces uncertainty at RBS, says Shore Capital
4th Apr 2014 11:02
Shore Capital has retained its neutral stance on the shares of Royal Bank of Scotland but said that the appointment of Ewen Stevenson as its new Head of Finance is 'positive news'. The bank revealed on Friday that Stevenson would be joining the firm as its new Chief Finance Officer, following the r
Read moreLondon open: Stocks rise ahead of US jobs report
4th Apr 2014 08:42
- Non-farm payrolls in focus - easyJet traffic up 4.8 per cent in March - RBS appoints Credit Suisse banker as CFO techMARK 2,772.13 +0.05% FTSE 100 6,672.25 +0.35% FTSE 250 16,391.84 +0.26% UK stocks opened with small gains on Friday morning ahead of the all-important US non-farm payrolls report
Read moreClinigen Group agrees new credit facility with RBS
4th Apr 2014 07:47
Pharmaceutical company Clinigen Group has agreed a new four-year 35m pound multi-currency revolving credit facility with Royal Bank of Scotland (RBS). Under the agreement, Clinigen can request an additional £15m on the same terms. The facility replaces the existing £20m facility with RBS and is sec
Read moreLondon pre-open: Stocks set to rise ahead of US jobs data
4th Apr 2014 07:40
London-listed stocks are expected to move higher this morning ahead of the release of the US non-farm payrolls report and unemployment rate. City sources predict the FTSE 100 will open 12 points higher than yesterday's close of 6,649.14. Analyst predict the Labor Department figures for March to sh
Read moreFriday newspaper round-up: Top rate of tax, SSE, RBS
4th Apr 2014 07:31
George Osborne is facing demands to cut the top rate of tax again to 40p after figures suggested the wealthy had paid more tax since he cut the 50p rate. The amount raised from top-rate taxpayers is expected to increase by 9bn pounds in 2013-14, the year for which it was reduced to 45p by the Chance
Read moreRBS appoints Credit Suisse investment banker as new CFO
4th Apr 2014 07:07
Royal Bank of Scotland has confirmed media speculation by appointing a long-running Credit Suisse banker Ewen Stevenson as its new Chief Finance Officer, following the resignation of Nathan Bostock in December. Stevenson, who was born in the UK but raised in New Zealand, joins the UK bank from Cred
Read moreRBS to close 44 branches in the UK
3rd Apr 2014 10:14
Royal Bank of Scotland (RBS) is set to close 44 branches in the UK as more customers turn to online banking. The closures include 14 branches which are classed as the "last banks in town". RBS said the "world has changed" since it pledged in 2010 to not close such branches. There has been a 30%
Read moreTuesday newspaper round-up: Weir Group, Marks & Spencer, BT Group
1st Apr 2014 07:12
Engineering group Weir could be on the verge of a blockbuster 8.5bn pound merger with Finnish rival Metso. Like its Scottish rival it manufactures industrial pumps and valves for the global oil and gas mining markets. It is thought that Weir could be prepared to pay as much as 30 euros per share for
Read moreRBS looking to appoint Credit Suisse banker as new FD
31st Mar 2014 12:59
Royal Bank of Scotland is reportedly close to appointing a Credit Suisse banker as its new Finance Director, following the resignation of Nathan Bostock in December. RBS, which is expected to announce Bostock's replacement next month, is now said to be looking to lure Ewen Stevenson, currently the
Read moreSunday newspaper round-up: FCA, bank competition, Glaxo
30th Mar 2014 16:53
Big insurance companies want Martin Wheatley, Chief Executive of the Financial Conduct Authority, to resign after the watchdog sent their shares into freefall by making a misleading announcement about an industry probe, the Sunday Times said. The Association of British Insurers is expected to write
Read moreLondon close: Stocks finish in the red as miners, banks, Crimea drag
27th Mar 2014 16:59
- FTSE closes 16.98 points lower at 6,588.32 - Feb UK retail sales rise by more than expected - US jobless claims fall more than expected techMARK 2,763.04 -0.70% FTSE 100 6,588.32 -0.26% FTSE 250 16,202.17 -0.31% Stocks ended Thursday's session broadly lower as both the banking and mining sectors
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read moreHSBC and RBS fail Fed capital plan tests
27th Mar 2014 08:08
The US Federal Reserve (Fed) announced on Wednesday that the American divisions of HSBC and RBS were among five banks that failed to present acceptable capital plans as part of its Comprehensive Capital Analysis and Review (CCAR) due to "qualitative concerns". The Fed approved the capital plans of
Read moreThursday newspaper round-up: House prices, HSBC, Ofgem
27th Mar 2014 07:14
The Head of the Office for Budget Responsibility yesterday warned that given the very rapid house price rises in some parts of Britain one may see "bubbly activity", such as people willing to buy 'off-plan' or when they do not intend to live in the homes which they are purchasing. That comes as the
Read moreFTSE 100 movers: Standard Life rises on Ignis deal
26th Mar 2014 15:24
Standard Life was making decent gains after agreeing on a deal with Phoenix Group to sell the latter's Ignis Asset Management division. Standard Life said the 390m pound acquisition will enhance earnings from the first full year of ownership. RSA is holding near the top of the leaderboard, part of
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