News archive from 5 April 2014

Wealth funds are getting ‘too big to fail’

Wealth funds are getting ‘too big to fail’

The world's $87 trillion (£52.4tn) asset management industry poses some of the same "too big to fail" risks associated with the banks during the financial crisis, the Bank of England's chief watchdog has warned. Director of financial...

Scotsman, 00:06 in Business
 
Scottish car sales accelerate to March high

Scottish car sales accelerate to March high

Scottish car sales hit an all-time March high last month as buyers were wooed by "extremely attractive" finance deals. Industry leaders said they expected a positive outcome for the remainder of the year, though growth is unlikely to match...

Scotsman, 00:06 in Business
 
Flybe on course as price cuts help to fill planes

Flybe on course as price cuts help to fill planes

Regional airline Flybe is heading towards summer in an upbeat mood after moves to slash its fares led to rising sales and busier planes. In a trading update ahead of its annual results, the Exeter-based carrier said passenger numbers had taken off in...

Scotsman, 00:06 in Business
 
Comment: Volatility still reigns at EasyJet

Comment: Volatility still reigns at EasyJet

TWO months ago, Sir Stelios Haji-Ioannou, the disgruntled founder of EasyJet, voted against giving the budget airline's chief executive, Carolyn McCall, a big pay rise. Stelios, who left the board in 2010 after a row over strategy, was defeated....

Scotsman, 00:06 in Business
 
US jobs market sees solid gains

US jobs market sees solid gains

United States employers added 192,000 jobs in March, the latest sign the world's biggest economy is rebounding after severe winter weather at the start of the year. The figure was only slightly behind February’s total while the rate of unemployment...

Scotsman, 00:06 in Business
 
House of Fraser worth £450m as Chinese conglomerate swoops

House of Fraser worth £450m as Chinese conglomerate swoops

Department store operator House of Fraser is being snapped up by a Chinese conglomerate after it agreed to a deal valuing the business at more than £450 million. Sources close to the transaction said yesterday that Nanjing-based Sanpower had agreed...

Scotsman, 00:06 in Business
 
Tesco finance chief Laurie McIlwee quits

Tesco finance chief Laurie McIlwee quits

Tesco's under-pressure boss Philip Clarke was landed a fresh blow yesterday as the group's finance chief announced his resignation ahead of annual results in less than two weeks. Laurie McIlwee, who has been with the group for 14 years, is thought to...

Scotsman, 00:06 in Business
 
Stephen Jardine: Seven-a-day is pie in the sky

Stephen Jardine: Seven-a-day is pie in the sky

By my reckoning, just three months in, we are already on our third health food scare of 2014. So far this year we’ve discovered sugar is the root of evil and margarine isn’t better for you than butter. In fact it’s the other way around. As if all that...

 
Concerns for savers over Osborne’s pension changes

Concerns for savers over Osborne’s pension changes

One in three people in Scotland aged 55 or over admits to being uncomfortable with the idea of managing their own pension savings in retirement, according to a survey conducted following the Budget pension reforms. Just one in five Scots in that age...

 
How to make the most of your Isa allowance

How to make the most of your Isa allowance

Financial planner Bill Saunders gives advice on how to optimise your Isa allowance TAILOR IT TO YOUR NEEDS Short-term volatility should not be of concern, so long as you have the discipline to keep your nerve during market turbulence. Equities will...

 
Payday loans finally face regulation

Payday loans finally face regulation

Borrowers remain vulnerable to rogue payday lenders despite new rules for the market that took effect earlier this week, charities in Scotland have warned. Payday lenders finally came under the regulatory remit of the Financial Conduct Authority (FCA)...

 
North Yorkshire fire service cover reviewed

North Yorkshire fire service cover reviewed

Emergency fire service cover across the whole of the Harrogate district and North Yorkshire is to be subject to a full review. The number of fire engines in use, where stations are located, and how they are staffed is to be assessed by North Yorkshire...

 
MH370: Race on to find plane’s black boxes

MH370: Race on to find plane’s black boxes

CREWS searching for the missing Malaysia Airlines aircraft yesterday launched a targeted hunt for its black boxes along a stretch of remote ocean, with just days left before the devices' batteries will run out. The Australian navy ship Ocean Shield –...

Scotsman, 00:12 in Politics
 
Meet the army’s latest recruit: a mannequin robot

Meet the army’s latest recruit: a mannequin robot

A NEW robot mannequin that will help test the next generation of chemical and biological protective suits for the UK's armed forces has been unveiled. The Porton Man can walk, march, run, sit, kneel and even mimic the movement of a soldier sighting a...

 
Fear in Tibet streets as China blamed for crackdown

Fear in Tibet streets as China blamed for crackdown

Tibetan refugees in Nepal have claimed they were held for weeks in police custody without charges or access to legal aid, in a sign that Nepalese authorities are bowing to pressure from China. Sonam Chodon and Sonam Tashi said they were picked up by...

 


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