Scotland

Govt. blocks RBS from paying huge bonuses

The British Government has blocked the Royal Bank of Scotland (RBS) from paying huge bonuses to its employees until the ongoing process of restructuring is complete.

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Independent Scotland’s banking system risks Iceland-style collapse

Banking system of an independent Scotland risks Iceland-style meltdown, leading credit rating agency Standard & Poor's (S&P) has warned.

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Lack of suitable candidates affected employers’ ability to fill vacancies in March

Lack of suitable candidates is affecting employers' ability to fill vacancies in Scotland, according to a fresh report by the Bank of Scotland.

The jobs market kept on growing in March, albeit at a slower rate than the previous month. The Labour Market Barometer (LMB) also revealed that the number of people getting permanent jobs increased.

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Ten Scottish firms win Queen’s Awards for Enterprise

A total of ten Scottish firms, including an Isle of Bute fabric maker and an Argyll seafood processor, are among the 162 U. K. businesses that have been recognized for their outstanding achievements.

Seafood processor Loch Fyne Oysters bagged Queen's Award for Enterprise for its outstanding overseas sales growth over the period of last three years.

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RSA’s Revival May Come from Sell-Offs

Stephen Hester, new chief executive of Royal Bank of Scotland announced the sale of three businesses in the Baltic and one business in Poland to PZU the Polish group for an amount of £300million. Hester indicated that more sales could be expected in future as RSA decides to maintain its focus on the key markets.

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