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Monday, February 8th, 2016

 

Markets plummet on fresh worries

Clydesdale note 2

Mon close: Shares in London took another battering with the FTSE 100 plummeting by 158.7 points to 5,689.36 at the close as global weakness once again spooked traders. Only seven stocks were in positive territory and the blue chip index is now at its lowest since since December 2012, as fresh data showed that confidence among UK business had fallen to a three-year low. CYBG (Clydesdale and Yorkshire banks) today began trading unconditionally – available to all investors – and after an initial fall they recovered to trade slightly up, but were tradingRead More


BT has confirmed that it has begun a search to replace Tony Chanmugam, group finance director


Oil price likely to settle at around $50

Oil prices will remain in a low band for up to 10 years, according to one of the world’s biggest independent oil-trading houses. Slowing Chinese growth slows and activity in the US shale industry will keep a lid on the price of Brent crude which is likely to settle at around $50 a barrel. Vitol Group BV chief executive Ian Taylor told Bloomberg in an interview that “it’s hard to see a dramatic price increase. He added: “We really do imagine a band, and that band would probably naturally see a $40 toRead More


Three new forecasts

Uncertain outlook for Scottish economy

Wireline industry

Three forecasts published this morning reflect a degree of uncertainty about the Scottish economy’s direction. READ MORE


Converge Challenge 2016

Start-up scheme unveils new deals

Converge Challenge Richard Walker Rebecca Pick

Start-up and development competition, the Converge Challenge, has launched its 2016 programme with new partnerships and a record sum in prize money. READ MORE