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The irony at the heart of the RBS Brexit plan

ByNathan BissittAugust 4, 2017

It’s a decade since RBS bought the Dutch bank ABN-Amro in one of the most overpriced, ego-driven and misguided takeovers in history. A deal so wretched that it hobbled RBS’ balance sheet and dragged it down, like an anchor pulling down a drowning man. The

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Bidders for LEO offices balk at £700m price

ByNathan BissittAugust 4, 2017

Bidders for an upmarket portfolio of serviced offices in London have balked at the £700m‎ asking price, sounding a potential alarm bell about the level of demand from wealthy international investors. Sky News has learnt that the owners of London Executive Offices

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RBS returns to profit in first half of 2017

ByNathan BissittAugust 4, 2017

RBS has returned to profit in the first-half of the year, despite a big one-off charge due to a US legal case.It made a profit of £939m in the first six months of the year, a big turnaround from the £2bn loss in the same period of 2016.The bank incurred legal costs of

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Ben Broadbent: Rate rise may be higher than market expects

ByNathan BissittAugust 4, 2017

UK interest rates may have to go up by more than the market expects in the future, Bank of England deputy governor Ben Broadbent has told the BBC.He said the drop in sterling following the Brexit vote had fuelled inflation.Mr Broadbent said there was a “trade

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New car sales fall with 20% diesel decline

ByNathan BissittAugust 4, 2017

[unable to retrieve full-text content]The fourth consecutive fall in new car sales is being blamed on uncertainty over Brexit and the Government’s plans to boost air quality. Source: Sky

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Safety concerns over recalled Uber cars in Singapore

ByNathan BissittAugust 4, 2017

Uber has said it could have done more to pull unsafe cars off the road in Singapore, amid allegations it rented out faulty vehicles to drivers.The Wall Street Journal reported on Thursday that Uber was aware of a Honda Vezel recall when it purchased more than 1,000

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RBS reports first half-year profit in three years

ByNathan BissittAugust 4, 2017

Royal Bank of Scotland (RBS) has announced its first half-year profit for three years, declaring it as “proof of the investment case for this bank”. The lender, which remains more than 70% owned by the taxpayer following its 2008 bailout, reported pre-tax

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Small firms seek delay to Living Wage target

ByNathan BissittAugust 4, 2017

The Federation of Small Businesses (FSB) has urged the Government to delay the National Living Wage (NLW) target for 2020, arguing employers are already paying a high price at its current level. The lobby group said it was clear – even at this stage – that

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Device could make washing machines lighter and greener

ByNathan BissittAugust 4, 2017

A simple device to cut the weight of washing machines could save fuel, cut carbon emissions, and reduce back injuries, according to researchers. A typical budget washing machine is weighted by 25kg of concrete to stop it moving while on a spin cycle.The new invention

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Business group urges cabinet to agree on Brexit transition

ByNathan BissittAugust 4, 2017

One of the UK’s biggest business lobby groups has urged the cabinet to stop “dancing around the edges” of Brexit.The Institute of Directors (IoD) called on the cabinet to come up with a “transitional agreement” to smooth the move to