:00:10. > :00:13.The Royal Bank of Scotland lost ?2 billion in the first half of this
:00:14. > :00:16.year and it's warning that economic slowdown is making its
:00:17. > :00:22.The majority of shares in the Edinburgh-based lender
:00:23. > :00:25.are owned by the UK Government and the share price fell today
:00:26. > :00:28.It's now nearly eight years since RBS -
:00:29. > :00:30.and other British banks - had to be bailed out.
:00:31. > :00:37.Here's our business and economy editor, Douglas Fraser.
:00:38. > :00:39.The core bit of the Royal Bank of Scotland is functioning
:00:40. > :00:45.The boss says it's the fastest growing bank in Britain,
:00:46. > :00:52.But - and it's a big but - it's got some big bills to pay.
:00:53. > :01:01.It had to find more than ?1 billion to pay fees
:01:02. > :01:05.It's had to pay ?1.3 billion for mis-selling - including a lot
:01:06. > :01:08.more for payment protection insurance, or PPI -
:01:09. > :01:11.and to cover the likely cost of going to trial with former
:01:12. > :01:16.And that means in the last six months the bank has
:01:17. > :01:25.Investors claim former chief executive Fred Goodwin misled them
:01:26. > :01:28.when he persuaded them to pour ?12 billion into a so-called rights
:01:29. > :01:35.His successor's still clearing up the mess.
:01:36. > :01:39.Each quarter it makes ?1 billion of profit
:01:40. > :01:45.And year-on-year we get hit by legacy issues.
:01:46. > :01:49.For example, this time, 400 million of PPI.
:01:50. > :01:51.We are looking at a 2008 rights issue,
:01:52. > :01:53.of when we issued capital into the market and
:01:54. > :01:54.people are saying it was
:01:55. > :02:03.The aim was to be fully recovered three years from now -
:02:04. > :02:06.but that looks ambitious given the uncertainty about Britain's
:02:07. > :02:11.economic future as it prepares to leave the European Union.
:02:12. > :02:15.RBS says big corporate clients are delaying investment decisions,
:02:16. > :02:29.And if wider economic growth does slow down, as expected,
:02:30. > :02:32.it's going to to be harder for RBS to hit its targets,
:02:33. > :02:39.meaning yet more cost-cutting would be likely.
:02:40. > :02:42.Four candidates have put their name forward to replace Stewart Hosie
:02:43. > :02:46.They include the party's Westminster leader Angus Robertson
:02:47. > :02:52.MP Tommy Sheppard and senior Inverclyde councillor Chris McEleny
:02:53. > :03:00.Party members will vote next month, with the winner announced at the SNP
:03:01. > :03:06.The Olympic Games in Rio start in about an hour and a half,
:03:07. > :03:08.when the opening ceremony gets underway.
:03:09. > :03:10.Scotland's Andy Murray will lead Team GB out as the flag bearer.
:03:11. > :03:12.Our reporter Jane Lewis is outside the stadium.
:03:13. > :03:30.Yes, not long to go. It looks amazing, doesn't it? The famous
:03:31. > :03:33.football stadium, the Maracana already to go behind me to oppose
:03:34. > :03:37.the opening ceremony of these Rio Olympics. Quite a bizarre
:03:38. > :03:45.atmosphere. Plenty of people milling about on the streets behind me but
:03:46. > :03:49.not many cars moving about. We heard about those talks of road test
:03:50. > :03:52.taking place potentially because some people were unhappy about the
:03:53. > :03:54.cost of these Olympics. We understand they have been taking
:03:55. > :03:59.place but away from this vicinity and that is because there is a huge
:04:00. > :04:01.security presence here. Lots of military and police personnel
:04:02. > :04:04.surrounding the streets. A bizarre atmosphere but there is something
:04:05. > :04:08.happening behind me. You can tell that. In terms of the opening
:04:09. > :04:13.ceremony, it is surrounded in secrecy, we do not know what to
:04:14. > :04:17.expect but from the rehearsals we have seen over the past few days we
:04:18. > :04:22.can expect plenty of colour, plenty of reflection of the Rio character,
:04:23. > :04:27.if you bite. Lots of colour and noise. After the show takes centre
:04:28. > :04:32.stage, the athletes will come on and will be introduced to the crowd.
:04:33. > :04:36.What an amazing and huge night for Scotland's Andy Murray, he is the
:04:37. > :04:44.flag bearer for Team GB. He will beat out a team of approximately 70
:04:45. > :04:47.athletes, perhaps a surprise to some, that is because the swimmers
:04:48. > :04:52.and roars are in action tomorrow morning and will be tucked up in
:04:53. > :04:59.bed, so not everyone will be present. Who will like the Olympic
:05:00. > :05:03.flame? Pele has ruled himself out. We will find out later. But at that
:05:04. > :05:05.beautiful stadium behind me, ready to go.
:05:06. > :05:11.You enjoy yourself! Edinburgh's International Festival
:05:12. > :05:13.and Fringe are underway. The two festivals -
:05:14. > :05:15.now in their 69th year - are together staging thousands
:05:16. > :05:18.of shows over the next three weeks. Our arts correspondent
:05:19. > :05:20.Pauline McLean reports. You don't need a theatre,
:05:21. > :05:22.just a corner of Edinburgh Welcome to Venue 91,
:05:23. > :05:30.one of most 300 across the city, where students from Bristol
:05:31. > :05:32.are telling one of the many stories We need to keep the balance
:05:33. > :05:36.of the boat. If those people start moving,
:05:37. > :05:40.or doing something, it can collapse. In my heart, it feels I need
:05:41. > :05:44.to tell the story. Coming to the biggest arts festival,
:05:45. > :05:48.where people are open to engaging with theatre and staff
:05:49. > :05:55.is very important. I thought, if I am going to do it,
:05:56. > :06:01.I might as well go all out. Six eyes, three nose,
:06:02. > :06:04.half a dozen thighs and 30 toes... The open access nature of the Fringe
:06:05. > :06:07.means that anything goes, For most stand-up comics,
:06:08. > :06:11.the year's biggest news - the EU referendum -
:06:12. > :06:12.was I wish I had a passion for cheese
:06:13. > :06:16.because I think it It would be a lot more fun to do
:06:17. > :06:22.an hour of comedy But I write jokes about things
:06:23. > :06:25.that interest me. What interests me,
:06:26. > :06:30.unfortunately, is politics. It's not surprising to find
:06:31. > :06:32.politics being discussed, since both the International
:06:33. > :06:35.Festival and Fringe began in 1947, as a way of uniting Europe
:06:36. > :06:41.after the Second World War. After the summer we've had, people
:06:42. > :06:44.are talking about our relationship Where better to have that
:06:45. > :06:50.conversation than in a city where you will have people
:06:51. > :06:52.from every nation looking at shows which provoke discussion, and just
:06:53. > :06:57.having fun together as well? So the initial intention of
:06:58. > :07:02.the festival was to reunite Europe at the end of the Second World War,
:07:03. > :07:05.and so, to a degree, not in such tragic circumstances, I
:07:06. > :07:11.think we are revisiting those ideas. For the next three weeks,
:07:12. > :07:19.everyone is talking and singing and dancing in any available space
:07:20. > :07:32.across the city. Rangers want an urgent meeting
:07:33. > :07:35.with the Scottish FA and the author of a report into the crowd disorder
:07:36. > :07:38.at last season's Scottish Cup Rangers claim there are inaccuracies
:07:39. > :07:41.in the independent review on the sequence of events,
:07:42. > :07:43.but aren't saying what they are. The report's recommendations include
:07:44. > :07:46.making it a statutory offence to go onto the pitch
:07:47. > :07:54.without lawful authority. Let's get the weekend weather
:07:55. > :08:05.forecast now with Kawser. Thank you, Sally, good evening to
:08:06. > :08:09.all of you. We ended today with some sunny spells scattered showers. They
:08:10. > :08:15.are around at the moment but as they go through the night, they will ease
:08:16. > :08:18.and it becomes dry. Some lovely pictures of sunsets. Overnight
:08:19. > :08:22.tonight some long clear spells developing. It will turn chilly,
:08:23. > :08:26.especially for rural and sheltered spots, perhaps down to three or 4
:08:27. > :08:31.degrees. Tomorrow morning, there will be plenty of sunshine. Largely
:08:32. > :08:37.dry as well, one or two showers for the North weather will be more in
:08:38. > :08:40.the way cloud around. At nine o'clock tomorrow morning, a good
:08:41. > :08:46.deal of sunshine around the South of Scotland and the central Belt. 15,
:08:47. > :08:54.16 degrees. Driver the Edinburgh Festival and also for the festival
:08:55. > :08:58.in Glasgow. Inverness begins dry, it should be dry for the belladonna
:08:59. > :09:03.festival, rain later in the day. Sunshine for much of the country.
:09:04. > :09:07.Across the UK, plenty of sun. More card for the North West in the
:09:08. > :09:12.afternoon. Outbreaks of rain will arrive courtesy of low pressure.
:09:13. > :09:17.Temperature-wise we are into the low 20s across Southern parts of
:09:18. > :09:22.England. For Scotland, looking at 21 degrees. This area of low pressure
:09:23. > :09:24.will arrive later on tomorrow evening and with that, some
:09:25. > :09:28.strengthening southerly winds. The Met Office are concerned, they are
:09:29. > :09:37.unseasonable and we could expect gusts of 50 mph or 60 mph,
:09:38. > :09:40.especially overnight on Saturday and on Sunday morning. This could cause
:09:41. > :09:42.some restrictions on the bridges and some travel disruption as well.
:09:43. > :09:47.These black symbols represent the gusts, strong winds up to 40 or 50
:09:48. > :09:49.mph widely. It looks like the bulk of the mine will be to the South.
:09:50. > :09:54.Driver the South. Our next update is at ten past
:09:55. > :09:58.six tomorrow evening. But, from everyone on the late team
:09:59. > :10:02.here in Glasgow and around