News archive from 30 October 2014

National Australia Bank planning UK exit, FY net drops

Thorburn said on Thursday the bank needed "urgency" in dealing with its low-returning assets, including its wealth management arm. He did not specify measures that the bank could take to unlock value. NAB's UK business, which includes...

Reuters, 00:02 in Business
 
Creative Scotland funding budget reaches £100m

Creative Scotland funding budget reaches £100m

SCOTLAND's main arts funding body has raided £10 million from its budget to meet the demand for long-term funding from groups across the country after an initial cash pot was dramatically over-subscribed. The extra National Lottery funding is to be...

 

Samsung Electronics quarter three operating profit down 60.1 percent on year

Profit for the mobile division, which drove Samsung's earnings growth in 2012 and 2013, shrank to 1.75 trillion won from 6.70 trillion won a year earlier. This was the weakest since the second quarter of 2011. (Reporting by Se Young Lee; Editing by...

 

Verizon reasserts no plans for Internet 'fast lanes'

Verizon on Wednesday wrote back, calling paid prioritisation a "phantasm." "As we have said before, and affirm again here, Verizon has no plans to engage in paid prioritisation of Internet traffic," Verizon's general counsel Randal...

 
Four children among seven taken to hospital after two-car crash

Four children among seven taken to hospital after two-car crash

SEVEN people were involved in a two-car crash earlier this evening (Wednesday, October 29). The incident happened at around 8.45pm and involved a people carrier and a second vehicle, at a location in Belton. Humberside Fire and Rescue Service said two...

 
Bill Jamieson: Who really won the referendum?

Bill Jamieson: Who really won the referendum?

THE Scottish referendum result is proving irrelevant and the proposed vote on EU membership is a farce, says Bill Jamieson. Who still thinks referendums are a good idea? In a divisive intervention yesterday, Scotland’s First Minister-in-Waiting Nicola...

Scotsman, 00:08 in Politics
 
Consumer confidence falls at fastest rate for four years

Consumer confidence falls at fastest rate for four years

Consumer confidence slumped in October as optimism about the general economic backdrop as well as personal finances waned. The YouGov/Cebr confidence index fell by 4.6 points over the month to 109.5. It was the largest monthly fall since July 2010 and...

Guardian, 00:09 in Business
 

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State education sector needs more effective oversight, says audit office

State education sector needs more effective oversight, says audit office

After 20 years of being told by successive governments that innovation – academies, beefed-up inspection, floor standards, free schools – would root out England’s troubled schools, parents would be entitled to look on the National Audit Office report...

Guardian, 00:11 in Politics
 
Hacker jailed after stealing £6m from RBS

Hacker jailed after stealing £6m from RBS

IT was an elaborate sting executed with military precision, robbing Royal Bank of Scotland customers of more than £6 million in just 12 hours. But the man behind the heist which crossed international borders has finally been jailed for more than 11...

 
Tennent’s export sales jump

Tennent’s export sales jump

IRISH drinks group C&C

Scotsman, 00:11 in Business
 
Next sees £25m fall in profits

Next sees £25m fall in profits

Britain's Indian summer will knock £25 million off profits at Next after the sustained period of mild weather saw its sales

Scotsman, 00:11 in Business
 
Standard Life takes hit amid pensions turmoil

Standard Life takes hit amid pensions turmoil

STANDARD Life posted strong net inflows for the first nine months of 2014, but gave warning yesterday that the outlook was muddied by

Scotsman, 00:11 in Business
 
Comment: Serious Fraud Office Tesco probe

Comment: Serious Fraud Office Tesco probe

THE crisis deepens at Tesco, with Britain's biggest but troubled supermarket group now put under criminal investigation by the Serious Fraud Office. The separate investigation by the Financial Conduct Authority into the £263 million accounting scandal...

Scotsman, 00:11 in Business
 
Strong start for Peoples as its Ford sales double

Strong start for Peoples as its Ford sales double

Ford dealership Peoples is off to a storming start in the

Scotsman, 00:11 in Business
 


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