The latest news and weather from around 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