News archive from 23 August 2014
Customers vote with their feet at Co-op Bank
THE CO-OPERATIVE Bank lost 38,000 current account holders in the first six months of 2014 amid what the chief executive branded a "hurricane of negative publicity" following the group's near-collapse last year. News of the fall came as Co-op...
Strong homes market fuels growth for retail brands
GROWTH in consumer demand for big ticket items fuelled by a strong housing market helped both John Lewis and Aga report buoyant trading yesterday. John Lewis’s home department saw sales leap almost 19 per cent in its latest weekly figures with...
Personal finance: Raiding pension a long-term risk
NEW RULES allowing people to raid their pension pots will offer a popular escape route from financial difficulties for the growing number of people retiring with debts to clear, a report has predicted. Workers retiring with debts spend an average of...
Personal finance: How to claim tax-free child care
1) How much? The UK government has now published details of the new tax-free childcare scheme, announced in the 2013 Budget and set to be introduced during the autumn of 2015. In brief, for every 80p that parents (or grandparents, other family members...
Comment: Replacing North Sea oil | Free banking
THIS week's spat over North Sea oil reserves surely misses the point. Of course the North Sea is a mature field with a limited lifespan. That’s true regardless of Scottish independence. The strategic question is not how long the oil will last – no-one...
Norman Murray steps down from Petrofac helm
NORMAN MURRAY, one of Scotland's best-known business figures, has stepped down as chairman of energy services giant Petrofac for what the group said were compassionate reasons. The former chairman of Edinburgh-based oil and gas explorer Cairn Energy...
Farming: Green doesn’t always mean go
THE 2014 harvest may be stop/start, with showers or longer periods of rain breaking up any combining periods but progress is being made with an estimated 40 per cent of grain in Scotland already having been taken. Unfortunately, as far as NFU Scotland...
Malaysia mourns as MH17 dead are brought home
CARRIED by soldiers and draped in the national flag, coffins carrying Malaysian victims of Flight MH17 returned home yesterday to a country still searching for another doomed jet and a government battling the political fallout from both tragedies. The...
Kiev fury at Russian aid convoy ‘invasion’
RUSSIA has sent more than 130 aid trucks rolling into rebel-held eastern Ukraine without Kiev's approval, saying it had lost patience with the government's stalling tactics. Ukraine called the move a "direct invasion". The action sharply...
BT to put prices up for home phone and broadband customers by 6.49%
BT chief executive John Petter said the company was 'sensitive to the tough economic times'. Photograph: Graeme Robertson BT is to impose a price increase of over 6% on its home phone and broadband customers in a move that has already been dubbed a...
Corals only ‘choose’ reefs with a healthy smell
BABY corals and fish can smell the difference between good and bad reefs, a study based in Fiji has revealed. When offered a choice of two water samples in the lab, the animals turned away from the stench of seaweed that invades depleted reefs but...
Gandhi murder film ban over violence fear
INDIA has stopped the release of a film about the assassination of former prime minister Indira Gandhi, saying it lionises her killers and could trigger violent protests. India’s film certification board said the movie glorified the Sikh bodyguards...
Colombia army, rebels meet face-to-face at peace talks
The government of President Juan Manuel Santos and the Marxist-inspired Revolutionary Armed Forces of Colombia (FARC) have been engaged in peace talks in Cuba for nearly two years, reaching three partial agreements on their five-point agenda. The two...
'Asbos For Extremists' To Tackle UK Jihadists
Home Secretary Theresa May is planning to bring in new laws to tackle the threat of British jihadists - including anti-social behaviour orders for extremists. Mrs May will announce a three-point plan to counter British Muslim extremists, warning that...
Richard Griffiths emerges as investor in Cupid
CITY FINANCIER Richard Griffiths yesterday emerged as a significant shareholder in Edinburgh dating site business Cupid. Griffiths, who founded investment bank Evolution in 2000 before setting up boutique investment firm ORA Capital Partners in 2005,...
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