05/08/2016 Reporting Scotland


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The Royal Bank of Scotland lost ?2 billion in the first half of this


year and it's warning that economic slowdown is making its


The majority of shares in the Edinburgh-based lender


are owned by the UK Government and the share price fell today


It's now nearly eight years since RBS -


and other British banks - had to be bailed out.


Here's our business and economy editor, Douglas Fraser.


The core bit of the Royal Bank of Scotland is functioning


The boss says it's the fastest growing bank in Britain,


But - and it's a big but - it's got some big bills to pay.


It had to find more than ?1 billion to pay fees


It's had to pay ?1.3 billion for mis-selling - including a lot


more for payment protection insurance, or PPI -


and to cover the likely cost of going to trial with former


And that means in the last six months the bank has


Investors claim former chief executive Fred Goodwin misled them


when he persuaded them to pour ?12 billion into a so-called rights


His successor's still clearing up the mess.


Each quarter it makes ?1 billion of profit


And year-on-year we get hit by legacy issues.


For example, this time, 400 million of PPI.


We are looking at a 2008 rights issue,


of when we issued capital into the market and


people are saying it was


The aim was to be fully recovered three years from now -


but that looks ambitious given the uncertainty about Britain's


economic future as it prepares to leave the European Union.


RBS says big corporate clients are delaying investment decisions,


And if wider economic growth does slow down, as expected,


it's going to to be harder for RBS to hit its targets,


meaning yet more cost-cutting would be likely.


Four candidates have put their name forward to replace Stewart Hosie


They include the party's Westminster leader Angus Robertson


MP Tommy Sheppard and senior Inverclyde councillor Chris McEleny


Party members will vote next month, with the winner announced at the SNP


The Olympic Games in Rio start in about an hour and a half,


when the opening ceremony gets underway.


Scotland's Andy Murray will lead Team GB out as the flag bearer.


Our reporter Jane Lewis is outside the stadium.


Yes, not long to go. It looks amazing, doesn't it? The famous


football stadium, the Maracana already to go behind me to oppose


the opening ceremony of these Rio Olympics. Quite a bizarre


atmosphere. Plenty of people milling about on the streets behind me but


not many cars moving about. We heard about those talks of road test


taking place potentially because some people were unhappy about the


cost of these Olympics. We understand they have been taking


place but away from this vicinity and that is because there is a huge


security presence here. Lots of military and police personnel


surrounding the streets. A bizarre atmosphere but there is something


happening behind me. You can tell that. In terms of the opening


ceremony, it is surrounded in secrecy, we do not know what to


expect but from the rehearsals we have seen over the past few days we


can expect plenty of colour, plenty of reflection of the Rio character,


if you bite. Lots of colour and noise. After the show takes centre


stage, the athletes will come on and will be introduced to the crowd.


What an amazing and huge night for Scotland's Andy Murray, he is the


flag bearer for Team GB. He will beat out a team of approximately 70


athletes, perhaps a surprise to some, that is because the swimmers


and roars are in action tomorrow morning and will be tucked up in


bed, so not everyone will be present. Who will like the Olympic


flame? Pele has ruled himself out. We will find out later. But at that


beautiful stadium behind me, ready to go.


You enjoy yourself! Edinburgh's International Festival


and Fringe are underway. The two festivals -


now in their 69th year - are together staging thousands


of shows over the next three weeks. Our arts correspondent


Pauline McLean reports. You don't need a theatre,


just a corner of Edinburgh Welcome to Venue 91,


one of most 300 across the city, where students from Bristol


are telling one of the many stories We need to keep the balance


of the boat. If those people start moving,


or doing something, it can collapse. In my heart, it feels I need


to tell the story. Coming to the biggest arts festival,


where people are open to engaging with theatre and staff


is very important. I thought, if I am going to do it,


I might as well go all out. Six eyes, three nose,


half a dozen thighs and 30 toes... The open access nature of the Fringe


means that anything goes, For most stand-up comics,


the year's biggest news - the EU referendum -


was I wish I had a passion for cheese


because I think it It would be a lot more fun to do


an hour of comedy But I write jokes about things


that interest me. What interests me,


unfortunately, is politics. It's not surprising to find


politics being discussed, since both the International


Festival and Fringe began in 1947, as a way of uniting Europe


after the Second World War. After the summer we've had, people


are talking about our relationship Where better to have that


conversation than in a city where you will have people


from every nation looking at shows which provoke discussion, and just


having fun together as well? So the initial intention of


the festival was to reunite Europe at the end of the Second World War,


and so, to a degree, not in such tragic circumstances, I


think we are revisiting those ideas. For the next three weeks,


everyone is talking and singing and dancing in any available space


across the city. Rangers want an urgent meeting


with the Scottish FA and the author of a report into the crowd disorder


at last season's Scottish Cup Rangers claim there are inaccuracies


in the independent review on the sequence of events,


but aren't saying what they are. The report's recommendations include


making it a statutory offence to go onto the pitch


without lawful authority. Let's get the weekend weather


forecast now with Kawser. Thank you, Sally, good evening to


all of you. We ended today with some sunny spells scattered showers. They


are around at the moment but as they go through the night, they will ease


and it becomes dry. Some lovely pictures of sunsets. Overnight


tonight some long clear spells developing. It will turn chilly,


especially for rural and sheltered spots, perhaps down to three or 4


degrees. Tomorrow morning, there will be plenty of sunshine. Largely


dry as well, one or two showers for the North weather will be more in


the way cloud around. At nine o'clock tomorrow morning, a good


deal of sunshine around the South of Scotland and the central Belt. 15,


16 degrees. Driver the Edinburgh Festival and also for the festival


in Glasgow. Inverness begins dry, it should be dry for the belladonna


festival, rain later in the day. Sunshine for much of the country.


Across the UK, plenty of sun. More card for the North West in the


afternoon. Outbreaks of rain will arrive courtesy of low pressure.


Temperature-wise we are into the low 20s across Southern parts of


England. For Scotland, looking at 21 degrees. This area of low pressure


will arrive later on tomorrow evening and with that, some


strengthening southerly winds. The Met Office are concerned, they are


unseasonable and we could expect gusts of 50 mph or 60 mph,


especially overnight on Saturday and on Sunday morning. This could cause


some restrictions on the bridges and some travel disruption as well.


These black symbols represent the gusts, strong winds up to 40 or 50


mph widely. It looks like the bulk of the mine will be to the South.


Driver the South. Our next update is at ten past


six tomorrow evening. But, from everyone on the late team


here in Glasgow and around


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