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Business

  • RBS, Lloyds and Standard Life share prices rise as investors get giddy over Scottish No vote

    September 19, 2014

    What a difference a week makes. Just a few days ago, the likes of RBS, Lloyds and Standard Life were all threatening to move south of the border in the event of a no vote, on the grounds that an independent Scotland would be too shaky to operate properly in. But today, investors showed their [...]

  • Who won where? How Scottish councils voted in the independence referendum. The results map is in

    September 19, 2014

    Scotland has voted to remain in the United Kingdom, with 55 per cent of the record 84.59 per cent turnout voting against independence. All 32 of the country's local authorities have now revealed their results. Glasgow and Edinburgh are the largest regions, with 11.4 per cent and 8.8 per cent of voters respectively, with Fife, [...]

  • Alex Salmond’s Scottish independence defeat: From Yes Scotland to One Scotland on Facebook

    September 19, 2014

    Scottish first minister Alex Salmond has updated his Twitter and Facebook photo in light of his referendum defeat.   Having previously said “Yes Scotland” in support of his independence campaign, an hour ago this was updated to say “One Scotland”.    Yesterday, Scots went to the polling stations to cast their votes on whether they wished [...]

  • David Cameron on Scottish independence results: “There can be no re-runs”

    September 19, 2014

    The people of Scotland have spoken and it is a "clear result", David Cameron said at a press conference after the results of the Scottish independence referendum were announced this morning. The debate is now "settled for a generation. There can be no re-runs".  "Like millions of people I am delighted," he added. The Prime [...]

  • Premier Farnell profit and revenue decline

    September 19, 2014

    BRITISH electronics parts distrib­utor Premier Farnell saw its profits and revenues fall in the first half of the year, but said it was upbeat about hitting full-year targets. Pre-tax profits at the FTSE 250-listed company fell to £36.4m in the six months to 3 August 2014, down 4.5 per cent on £38.1m last year. Revenues [...]

  • Alibaba share price means it will to smash tech float record

    September 18, 2014

    Chinese e-commerce titan Alibaba last night priced its initial public offering at the top end of expectations, lining it up to raise a colossal $21.8bn (£13.3bn) in what will be the biggest tech float in history today. Alibaba will price its shares at $68 on the New York Stock Exchange, giving the firm a historic [...]

  • Scots make history with highest ever turnout

    September 18, 2014

    MILLIONS of people poured into Scotland’s polling stations yesterday to decide whether or not it will stay part of the UK, with figures released in the early hours of this morning revealing historically high turnouts. In Clackmannanshire an incredible 88.6 per cent of eligible voters cast their ballots, while in Orkney the figure was 83.7 [...]

  • Battle not yet over as talks begin after vote

    September 18, 2014

    PRIME Minister David Cameron will be facing some tough questions this morning, following the Scottish referendum vote yesterday. As the ballots were counted over­night, MPs in Westminster began to make their views on further devolution to Scotland clear, even before the result had been announced. Rumblings from the Conservative backbenches have been getting louder over [...]

  • City traders on 24-hour alert over sterling

    September 18, 2014

    TEAMS of staff at the Treasury, Bank of England, as well as sterling traders across a number of London-based banks were drafted in last night to staff 24-hour desks monitoring the fallout from the Scottish referendum. BNP Paribas, Barclays and Rabo­bank were among the institutions who staffed currency desks through the night so that their [...]

  • Monitise tanks by £300m after Visa mulls exit

    September 18, 2014

    FORMER stock-market darling Monitise saw £290m wiped off its market valuation yesterday after its fourth-largest shareholder, Visa International, said it was considering the sale of its stake in the mobile banking firm. The revelation that Visa was “considering its options” for the 5.5 per cent holdings sparked a downwards spiral in the firm’s stock that [...]

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