News archive from 26 June 2013

Queen to open Sir Walter Scott’s Abbotsford home

Queen to open Sir Walter Scott’s Abbotsford home

SIR Walter Scott called it a "conundrum castle" while others described it as his "greatest historical novel". • Queen to reopen Abbotsford next month after multi-million pound restoration • Revamped property in Scottish Borders to...

 
Markets ‘jumped the gun’, Mervyn King tells MPs

Markets ‘jumped the gun’, Mervyn King tells MPs

SIR Mervyn King told MPs yesterday that financial markets had "jumped the gun" with turbulent reaction to the US Federal Reserve chairman's comments last week that the American central bank might begin to soft-pedal on quantitative easing....

Scotsman, 00:05 in Business
 
Mervyn King: ‘Banks sought to pressure ministers’

Mervyn King: ‘Banks sought to pressure ministers’

SIR Mervyn King fired a parting shot at banks yesterday as he attacked lenders for their intense political lobbying against tougher balance sheet rules. In his last appearance in front of MPs on the Treasury Select Committee before handing the reins...

Scotsman, 00:05 in Business
 

SBS make Mark Thomson new chief exec

Scottish Building Society (SBS) has appointed chief operating officer Mark Thomson as its new chief executive. Thomson joined the Edinburgh-based lender – Scotland’s oldest mutual society – last year from Scottish Widows Bank, where he was credit...

Scotsman, 00:05 in Business
 

GIB’s £2.3bn deals

ENERGY minister Greg Barker will unveil the Green Investment Bank's (GIB's) first annual report today in Edinburgh. Since being launched in November, the bank has been involved in deals worth a total of £2.3 billion, using £635 million of its £3bn...

Scotsman, 00:05 in Business
 

Miles insists BoE can avoid chaos with QE reversal

ONE of the strongest supporters of the Bank of England's quantitative easing (QE) programme today insisted that the central bank could sell government bonds without wreaking havoc in the markets. However, monetary policy committee (MPC) member David...

Scotsman, 00:05 in Business
 

Rising costs cap profits at Dana

Dana Petroleum, the Aberdeen-based oil firm formerly led by Tom Cross and sold to Korea National Oil Corporation in 2010 for £1.87 billion, suffered a plunge in profits last year. The group reported profit before interest and tax of £326 million, down...

Scotsman, 00:05 in Business
 

CAP reform deal ‘within sight’

A MARATHON overnight negotiating session lasting more than 14 hours looks as if it has agreed large parts of the common agricultural policy (CAP) for the period 2014 to 2020. Although there are still some major policies to be sorted out, one that is...

Scotsman, 00:05 in Business
 

Oil seed ‘failings’ exposed by survey

SCIENTISTS have pinned down some of the possible reasons for a large number of oilseed rape samples last year failing to meet standards required for for human consumption. As a result, the Home Grown Cereals Authority (HGCA) has advised growers to...

Scotsman, 00:05 in Business
 

Buisness in brief: Rolls-Royce | RBS | Horse vets

ROLLS-Royce has won a contract to supply engines and maintenance to 12 of Scandinavian airline SAS's Airbus planes in a deal worth $1 billion (£650 million) at list prices. Rolls, the world’s second-largest maker of aircraft engines behind US group...

Scotsman, 00:05 in Business
 

Cancer drug trial triggers $5m Astra cash for Chi-Med

DRUGS giant AstraZeneca is to pay Hutchison China MediTech (Chi-Med) $5 million (£3m) after the Aim-quoted medicine development firm began clinical trials of a cancer treatment, Volitinib, in China. The FTSE 100 constituent signed a global licensing,...

Scotsman, 00:05 in Business
 
Comment: Central bankers a misunderstood breed

Comment: Central bankers a misunderstood breed

IT IS fair to say Sir Mervyn King, like most central bankers, has probably been misunderstood by financial markets at various times in his tenure as governor of the Bank of England. Misunderstanding goes with the territory, and probably has much to do...

Scotsman, 00:05 in Business
 
Maths Higher dumbed down, says ex-chief examiner

Maths Higher dumbed down, says ex-chief examiner

PRESSURE is growing on education secretary Mike Russell to investigate concerns over this year's Higher mathematics exam, amid claims the paper was dumbed down. The criticism from Clive Chamber, a former principal examiner of maths for the Scottish...

Scotsman, 00:06 in Learning
 
Scots ‘leaving school with more qualifications’

Scots ‘leaving school with more qualifications’

RECENT statistics released by the Scottish Government indicate that pupils are leaving school with more qualifications and better prospects. Figures show that 89.5 per cent of those who left school in the 2011-12 academic year went on to what was...

Scotsman, 00:06 in Learning
 
Qatar emir’s son takes power in peaceful transition

Qatar emir’s son takes power in peaceful transition

QATAR'S ruler has formally handed power to his 33-year-old son, capping a carefully crafted transition that puts a new generation in charge of the Gulf nation's vast energy wealth and rising political influence after the upheavals of the Arab Spring....

 


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