Royal Bank of Scotland (RBS) prospects
Royal Bank of Scotland (RBS) prospects
The Royal Bank of Scotland was one of the worst hit UK banks, following the collapse of 2007/8. It has surprised some people that they have already repaid over a third of their bail out from the government, and confidence is slowly returning. Hopefully, so slowly that they don’t forget the useful lessons of the last three years. In 2007 their shares were worth over £5 on the London Stock Exchange, and are currently £0.55. What is a reasonable value of their shares if they pay off all their debts to the government?
today’s RBS news
morrisons profits; high-speed rail proposal
New rail network from North to South of UK
On this morning’s news plans for a new high-speed rail network will be announced by the government. If their strategy is to entice car drivers …
Alternatives to homo sapiens (sic) sapiens (sic)
An unmanned Nasa mission to search the sky for Earth-like planets with the potential to host life has launched from Cape Canaveral in Florida.
Ar you (sic) of sapiens? Feel free to tell us why …
optimum excercise for middle age
Excercise increases arthritis in excess
A US study of more than 200 people aged 45 to 55 and of “normal” weight found those doing the most exercise were the most likely to suffer knee …
How much faith in bankers?
How much faith in bankers?
FT report
My, my, what a difference a few weeks make.
Earlier this month — when all still seemed relatively well in the UAE emirate of Dubai — Barclays Capital was among those …
Stock market jitters November 2009
Worries over Dubai’s debt problems have driven down Europe’s share markets for the second day running.
The biggest underlying fear is that Dubai’s problems could reignite the financial turmoil of the credit crisis. That would lower …
CO2 cuts, plutonium chaos, plasmas defeat superbugs
Chinese CO2 cuts promised
http://news.bbc.co.uk/1/hi/world/asia-pacific/8380106.stm
Beijing said it will aim to reduce its “carbon intensity” by 40-45% by the year 2020, compared with 2005 levels.
Carbon intensity, a measurement unique to China, is the amount of carbon …
End of bankers immunity and monopoly?
End of B(w)ankers?
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article6930428.ece
A long, long time ago — two years ago to be precise — there lived some baddies with names like Adam Applegarth and Fred Goodwin, who almost destroyed the country. But that’s all …
UK banking chaos continues
Devaluation fears for Lloyds shareholders
Lloyd’s Bank are issuing shares to their existing shareholders at well below the current trading price of such shares.
The 37p price is a discount of 38.6% on the so-called theoretical ex-rights …
more facebook agravation
more facebook agravation
Facebook has been targeted by malicious hackers seeking to steal valuable data from members.
The social network site has been hit by five separate security problems in the last seven days, say security …
banks still swindling customers
Which magazine has published a report that claims banks are still finding “sneaky” ways to add chrges to customers accounts.
It claims the rate on authorised overdrafts is at its highest level since records began in …
RBS scandal
RBS, the royal bank of Scotland, has just announced the biggest ever corporate annual loss in UK history (Radio 3 news, this morning). £24,000,000,000 was he reported loss, and the ex-chief exec currently has a …
who owns personal data on Facebook
Facebook scare about users’ data and who owns it.
Quote:Facebook would retain personal data even if someone deleted their account. this caused the rumpus. It might seem easy to ’succeed’ with an idea like Facebook, but …
japanese stocks 26 year lowest
Japanese stocks traded close to 26-year lows in Tuesday trading as investor concerns about the health of the financial system persisted.
on BBC news this morning.
Is anywhere exempt from this madness? a tiny country somewhere? an …
US unemployed at record level:
US unemployed at record level:
On the BBC news today, and with a full story here
It has just exceeded the level of 1992, and the speed of increase is alarming.
open source UK government
UK government backs open source
Good news (at last) from the Uk government. The BBC has this story, and my favourite quote:
According to some in the open source industry, the shift …
largest quarterly loss in US corporate history.
Sheesh. The Uk stock exchange has reached its lowest value for 6 years after news like this from USA:
the largest quarterly loss in US corporate history.
The full story is on the Beeb, and considering …
Inequality tax overdue
And about time too. The nonsense about “trickle down wealth” is shown by facts to be a complete sham. In recent decades things have got even worse, as the power of immense wealth is used …
Quantitative easing eases itself !
“
The Bank of England’s rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme.
They also kept interest rates unchanged at 0.5% for an eighth month.”
The BBC economics editor …
barclays share price falls again
the barclays yoyo continues to surprise
There’s lots of mostly good news about Barclays Bank, as their share price continues to fall. does this make sense? Apparently not. most analysts recommend ‘Strong buy’ for their shares, …
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