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1 day ago · Former Royal Bank of Scotland chief executive Ross McEwan has been named chairman of mining giant BHP. He succeeds Ken MacKenzie, who will retire at the end of March after eight years in the role. Mr McEwan, who has served as independent non-executive director since April of last year, has more than ...

2 days ago · BP is to reset its strategy as it comes under pressure from an activist shareholder and has seen profits weaken. The oil and gas major posted its lowest earnings in four years with fourth-quarter profit falling to $1.17 billion from $2.99bn in the corresponding period last year on weak margins in ...

Jan 24, 2025 · Chasing the money in Davos is one thing, but the Chancellor is leaving the real economy starved of cash, says TERRY MURDEN Chancellor Rachel Reeves and the Business Secretary Jonathan Reynolds have been breathing in the fresh Swiss air at the World Economic Forum in Davos, with a message for international business leaders and investors […]

6 days ago · Scotland’s technology sector is now a political battleground and must emerge stronger, writes TERRY MURDEN The rescue and transformation of the capital’s former Royal Infirmary into the Edinburgh Futures Institute is a fine example of how thousands of demolished old buildings could have been put to good use in the modern world. A glorious nineteenth […]

2 days ago · A slower rate of decline in output in Scotland’s private sector has offered a hint of optimism for the year ahead. The softer contraction from 46.9 in December to 49.6 in January was driven by a renewed uplift in services activity which partly offset a …

3 days ago · Companies cut jobs or slowed their hiring plans last month at the highest rate in a decade in a worrying trend ahead of April’s increase in staff costs. Data compiled by ­accountancy and advisory firm BDO showed private sector employment dipped to its lowest since November 2012, while business ...

3 days ago · With the FTSE 350 banks index up by almost 50% in the past year, shareholders will be looking for further growth as the big high street players deliver year-end results this week. Ahead of Barclays announcing figures on Thursday, Rachel Reeves, the chancellor, will meet bank bosses on Wednesday for ...

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Feb 6, 2025 · Stocks edged higher as a more positive mood re-emerged after “Manic Monday” which saw markets react negatively to Donald Trump’s tariffs. However, business surveys tend to be, at best, cautious, with most pointing to a weaker outlook. All of which has encouraged belief that the Bank of England ...