Scotland

Scotland News

• U.K. Stocks Advance as FTSE 100 Closes at 12-Year High

  Updated 1 hour, 12 minutes ago

  U.K. stocks advanced for a second day as the benchmark FTSE 100 Index closed at its highest level since September 2000.

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  FirstGroup Falls as Dividend Delayed by Share Sale: London Mover

  Updated 1 hour, 13 minutes ago

  FirstGroup Plc, the company stripped of Britain’s premier U.K. rail route in 2012, fell the most in 18 years after halting its dividend to focus on a 615 million- pound ($936 million) rights offer and avert a credit downgrade.

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  U.K. Treasury Says Independent Scotland Couldn’t Aid Banks

  Updated 1 hour, 12 minutes ago

  An independent Scotland would have a banking system too big to save in a crisis and may lack the resources to compensate depositors, the Treasury said in a study into the economic implications of a U.K. breakup.

• U.K. Pension Funds Cut Equity Allocations as Stocks Rally

  Pension funds in the U.K. cut their allocations to stocks even as the benchmark FTSE 100 Index rallied to the highest level in more than five years, according to data compiled by Mercer.

• Slovenian Bonds Extend Rally as Investors Shrug Off Fitch Cut

  Updated 1 hour, 42 minutes ago

  Slovenia’s benchmark bonds rallied, pushing the yield to the lowest in almost two weeks, as investors disregarded a credit rating cut by Fitch Ratings amid government efforts to pull the nation out of a recession.

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  Thai Growth Missing Estimates Raises Pressure for Rate Cut

  Updated 1 hour, 52 minutes ago

  Thailand’s government lowered its full-year growth forecast after the economy expanded less than analysts estimated last quarter, boosting the case for the central bank to cut interest rates.

• Thai Swaps Fall to One-Week Low as GDP Data Boosts Rate-Cut Odds

  Thailand’s onshore interest-rate swaps fell to a one-week low after first-quarter economic growth missed analysts’ estimates, fueling speculation the central bank will cut borrowing costs next week.

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  RBA’s Cuts Shrink Yield Gap as Fed Taper Looms: Australia Credit

  Australia’s benchmark bond yield is offering the smallest premium over U.S. notes in 11 months as the sharpest predicted growth slowdown in four years spurs bets on further interest rate cuts.

• U.K. Treasury Says Independent Scotland Would Fail to Aid Banks

  An independent Scotland would have a banking system too big to save in the event of a crisis and may lack enough resources to compensate depositors, the U.K. Treasury said, in a study into the economic implications of the nation breaking away from the rest of the country.

• McDowell Beats Defending Champion Colsaerts in Match Play Golf

  Northern Ireland’s Graeme McDowell beat defending champion Nicolas Colsaerts of Belgium in the quarterfinals of golf’s World Match Play Championship.

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