Pleased to see the Club recognised for CelticLive, the stadium WiFi and content imitative by the European Club Association. Anything which builds our profile at the ECA is welcome.
Today’s Telegraph assures us Newco Rangers chief executive, Graham Wallace, is set to leave the club with his plans to raise £4m at a pending share issue still in the balance. The newspaper further asserts the club is a “toxic brand” and is trying to secure an emergency loan from Newcastle United owner, Mike Ashley.
The club, which informed the Court of Session on Friday that it had only £1.2m cash left, and last night informed the Telegraph it was losing £1m per month, requires vastly more money than the £4m they are struggling to raise in order to finish the season.
Some credit is due to the Daily Record for their splash with photo and leader, “Rangers director Sandy Easdale and a criminal wanted by Interpol tried to negotiate an Ibrox bailout yesterday”. They are reporting two years after Paul McConville’s blog initially broke the news of said Interpol-interested character, Rafat Rizvi.
Rizvi, who can take refuge in the UK as we don’t have an extradition treaty with Indonesia, is allegedly wanted for corruption, money laundering and banking crime, denies the charges, which he has already been convicted of. He should fit in quite well.
As we said at the weekend, irrespective of short-term events, the long-term fundamentals remain unchanged. The only thing to be decided is which of the characters hovering around the carcase will get to pick on the bones.
All credit to Sir David Murray.
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Obama speaks on foreign policy.
Bush followed by Obama.
Whatever happened to political excellence in U.S.A.?
An alarming descent.
setting free the bears for Res. 12 & Oscar Knox but saying no to CQN racists
23:59 on
10 September, 2014
To vote despite being told you are going to lose your job on the 19th September as all major financial institutions are going to flee to London(they were/are going already) is IMO a brave political decision
To be derided about losing your job and then berated because someone else will pick up that brave individuals unemployment tab was the post of a political coward
The Independent:
BP and Standard Life claim breakaway will harm business
The campaign against independence received a major boost today when the boss of BP warned that the North Sea oil industry would be harmed by a vote to leave the United Kingdom.
The pensions giant Standard Life, which employs more than 5,000 people in Scotland, also disclosed it was drawing up contingency plans to move some operations to England in the event of a Yes vote next week.
Danny Alexander, the Chief Secretary to the Treasury, claimed the declarations from business amounted to a “Black Wednesday” for the Nationalist cause.
But the SNP countered that the oil industry would have a “bright future” in an independent Scotland and dismissed as “scaremongering” fears that Standard Life was about to move south.
Bob Dudley, the chief executive of BP, argued that long-term investment in North Sea drilling operations required “fiscal stability and certainty”.
He said: “As a major investor in Scotland, now and into the future, BP believes the future prospects for the North Sea are best served by maintaining the existing capacity and integrity of the United Kingdom.”
Standard Life’s financial warning followed a 2.6 per cent drop in its share value since Friday as investors’ concerns over the currency and financial regulation of a post-independence Scotland have grown.
It said: “In view of the uncertainty around Scotland’s constitutional future we have put in place precautionary measures which would help enable us to provide customers with continuity.”
The plans could mean the transfer of pensions, investments, and other savings held by UK customers of Standard Life to new companies south of the border.
Other companies with large Scottish investments are understood to be preparing to raise the alarm about the impact of independence in the new few days.
Meanwhile, Mark Carney, the Governor of the Bank of England, cautioned that an independent Scotland could need to hold up to £165bn of foreign exchange to be able to guarantee domestic financial stability.
Mr Alexander said: “This is the day the economic case for separation died and reality that independence will cost jobs, investment, and growth dawned. Today is Alex Salmond’s Black Wednesday.”
But the SNP said research predicted that 99 commercially viable oil discoveries would be made over the next 30 years, as well as others that could be made viable through technological advances.
Its energy spokesman Fergus Ewing said there was “a bright future for Scotland’s oil and gas sector for decades to come”.
Mr Salmond dismissed fears that Standard Life is preparing to quit an independent Scotland as “nonsense” and pointed to a £90m building project by the company in Edinburgh.
“That doesn’t look like the actions of a company that has any intentions whatsoever of pulling out of Scotland,” he told a rally in the city.
“I think we are at a stage in Scotland where people are going to look at scaremongering, shake their heads and say: ‘Have these people got nothing else to say but this negative doom-mongering?’”
The BBC
Royal Bank of Scotland has confirmed it has made contingency plans to move its headquarters from Scotland to London if there is a Yes vote in the referendum.
A Treasury source told the BBC that it had discussed the plans with RBS.
Lloyds Banking Group also said it could shift some of its business from Scotland, after customers contacted it for clarification on their finances.
However, the banking group said it was just a legal procedure and “there would be no immediate changes or issues”.
Angus Grossart, chairman of merchant bank Noble Grossart, said that people should “not panic” following the decisions made by the two banks. He told the Financial Times that the impact of a Yes vote was “severely overstated”.
The statement from Lloyds said: “Lloyds Banking Group has seen an increased level of enquiries from our customers, colleagues and other stakeholders about our plans post the Scottish referendum.
“While the scale of potential change is currently unclear, we have contingency plans in place which include the establishment of new legal entities in England. This is a legal procedure and there would be no immediate changes or issues which could affect our business or our customers.
“There will be a period between the referendum and the implementation of separation, should a Yes vote be successful, that we believe is sufficient to take any necessary action.”
Lloyds, in which the UK government has a 25% stake, owns Bank of Scotland and Halifax.
Jobs
The move of what Lloyds describes as “legal entities” indicates that the banking group is not suggesting there will be a mass relocation of its 16,000 Scottish-based staff. The move would simply mean that the bank would remain protected and regulated by the Bank of England.
RBS, which employs 11,500 people in Scotland, has not yet issued a statement – although there are widespread reports that the bank will clarify the details later in the day.
On Wednesday, insurance giant and pensions giant Standard Life said it was “planning for new regulated companies in England to which we could transfer parts of our business if there was a need to do so”.
BBC economics editor Robert Peston said that that if RBS, 81%-owned by the UK government, moved its head office and registered office to London it “would involve some jobs moving south”.
However, he said the situation with Lloyds was different: “Lloyds would move its legal home to its head office, which is already in London – and that’s unlikely to have much impact on Scottish employment.”
‘Overreaction’
Treasury Chief Secretary Danny Alexander told BBC2’s Newsnight: “When a company like Standard Life says that it would, unfortunately, sadly, have to relocate its business to London that is not some sort of decision that they make lightly.
“They make it on the basis that they regard that as the best way to protect their customers under the new circumstances.
“When we hear Lloyds and other banks making clear that they would have to do the same, again that is not something that they say lightly. They say it having thought about it, having talked to their board and to the senior people in those companies.”
First Minister Alex Salmond has described reports of banks moving out of Scotland as “nonsense” and “scaremongering”.
And Mr Grossart, one of the most senior figures in Scotland’s financial establishment, said people were “overreacting” to the threats of exodus of firms.
“I think it is getting out of hand,” he told the Financial Times. “To hear some of the comments you almost expect people to be predicting a plague of locusts or mice next.”
The Guardian:
BP, one of the North Sea’s biggest investors, has urged Scotland to vote against independence next week, arguing that oil wealth would best be protected by remaining inside the UK.
Bob Dudley, the chief executive, spoke out after another key local oil industrialist, Sir Ian Wood, accused the Scottish Nationalist party of exaggerating the amount of oil and gas available for extraction.
“As a major investor in Scotland – now and into the future – BP believes that the future prospects for the North Sea are best served by maintaining the existing capacity and integrity of the United Kingdom,” said Dudley, who had spoken publicly about the issue only once before.
He added on Wednesday: “The opportunities today are smaller and more challenging to develop than in the past. We also face the challenges of extending the productive life of existing assets and managing the future costs of decommissioning. Much of this activity requires fiscal support to be economic, and future long-term investments require fiscal stability and certainty.”
If Scotland goes independent I predict a plague of locusts or mice.
Ian Fraser @Ian_Fraser · Aug 23
Martin Wolf: #Shredded “a gripping account”. RBS “a rogue business, in a rogue industry, with the connivance of government.Read it and weep”
“Woefuly melodramatic … completely disigenuous”: What @maitlis accused George Robertson of being on @BBCNewsnight
er, but Lloyds has been HQ’d in London since 18th century. Headquarters at 25 Gresham St since 2002 http://www.cms-cmck.com/newsmedia/news/newsdetail/pages/default.aspx?PublicationGuid=336db084-1391-401d-b397-60a44bcf9a90 …
Glad to hear that Sir Angus Grossart & Martin Gilbert will tomorrow make clear that #indyref scaremongering is over the top.
#Lloyds’ “HQ” in Scotland is no more than a brass plate. Actual HQ is 25 Gresham St. Few if any jobs would move
Sun Politics @Sun_Politics
EXCL: Lloyds: We’ll move HQ if Scots vote Yes: http://bit.ly/WVC2IN #indyref
The Guardian:
Billions of pounds wiped off value of Scottish-linked firms in market fright
Investors dump companies and sterling as analysts warn clients to ‘be afraid, be very afraid’ after poll lead for yes camp
Billions of pounds were wiped off the value of companies with Scottish links and the pound was pummelled as markets took fright at the increasing prospect of Scotland voting next week to break away from the United Kingdom.
Investors on Monday dumped companies with exposure to Scotland, including the Royal Bank of Scotland and Lloyds Banking Group, which owns Bank of Scotland.
They also ditched sterling, which at one point fell to its lowest level against the dollar for 10 months.
“Be afraid, be very afraid,” Deutsche Bank analysts warned its clients after the Sunday Times YouGov poll had showed a small lead for the yes campaign.
The Guardian:
A new opinion poll on Scottish independence has found the no vote back in the lead at 53% of voters, suggesting the sudden surge in backing for independence has subsided.
The Survation poll was carried out from 5 to 9 September, the five day period after the YouGov polling for the Sunday Times that gave yes its first shock lead.
Significantly for Ed Miliband and the Labour party, after YouGov found that a third of their supporters would back independence, Survation finds that only a quarter of Labour voters, at 26%, were planning to vote yes next week.
By comparison, 18.5% of SNP voters were expecting to vote no to independence. Survation’s sample suggests that the yes campaign will win comfortably in the west of Scotland, centred on Glasgow, and in central Scotland, but are behind in every other region.
Sky News
RBS Plans London HQ If Scotland Leaves Union
The Spectator
Those in doubt need only look at what has happened to sterling since the market started to notice the momentum behind ‘yes’. It has fallen over 6 per cent since July. It is down 2.5 per cent in the last week alone. This partly reflects economic uncertainty. There is a possibility of a run on the Scottish banks — we have already heard lots of reports of individuals and companies moving their money out of Scottish banks to avoid any post-vote problems and that is a trickle that could turn into a flood after a ‘yes’ vote. The Bank of England — still Scotland’s lender of the last resort — would have to step in and that would have a nasty impact on the pound. Worse, for those who don’t get their money out in time, there is a possibility of that run on the banks ending in capital controls: if the Bank balks at a long-term bail out, it might insist on preventing depositors from withdrawing their money at all. This isn’t probable but it is possible. If you haven’t already, best move any cash you have in Scottish banks out now. There’s no downside.
Good morning friends.
Jobo Baldie at 07:14 on 10 September, 2014
Good morning friends. Sorry for the repetitive report but it’s yet another fine, dry, cloudless morning in ole EK. Just wonderful.
What he said…
YES
So, vote ‘no’ or you’ll upset the bankers, orange order and the establishment parties. Even heard suggestion that her Maj would be upset; no brainer then, eh…
Wife having a duvet day, had to walk to station and missed train. Not a big deal just means I don’t have to load the van.
Funny how you get to know who sits where on your normal train, I’m sitting here comparing occupants and wondering if they always sit in that seat. On my normal train we all have our usual seats and it’s annoying when some one journey wonder sits on yours.
Got to admit though, the women on this train our much better looking and there are some great cleavages.
eddieinkirhmichael –
bloomin’ spellchecker, you meant carriages there obviously ;-)
‘Scottish’ banks….
Clydesdale Bank is a commercial bank in Scotland. Formed in Glasgow in 1838, it is the smallest of the three Scottish banks. Independent until it was purchased by the Midland Bank in 1920, it was sold to its present owners, the National Australia Bank (NAB) in 1987.
The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank in the United Kingdom (the Bank of England having been established one year before), and is the only commercial institution created by the Parliament of Scotland to remain in existence…
Bank of Scotland has been a subsidiary of Lloyds Banking Group since 19 January 2009, when HBOS was acquired by Lloyds TSB.
Royal Bank of Scotland…Before the 2008 collapse and the general financial crisis, RBS Group was very briefly the largest bank in the world and for some time was the second largest bank in the UK and Europe and the fifth largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings. It received significant support from the UK government, which, as of September 2013, holds and manages an 81% stake…
© wiki (!)
Seems ‘Headquartered’ and ‘ownership’ and ‘beholding to’ are quite different things.
EddieinKirkmichael
Bloody pay attention, you’re the train driver!!!
Bobo
Of course I did mate ;))
Rbs and Lloyds have harmed the economy far more than independence ever could – old boy network posturing.
Get them telt!
SFTB
But being an intelligent man you know these bendy bananas HAVE already broken Purdah electoral rules.
It’s just that they have now got to appease 2 populations with differing wants in 2 countries or at least the majority of 2 countries.
It’s a hard battle that.
Ask Andy Burnham who’s worried about English NHS and his BT Labour counterparts. All juggling a hot potato of spin to tell and cover the same truths.
It’s a larf though.
MWD says AYE
Just a week to go Yessers and Naesayers. Looking forward to seeing how this wee country goes.
Hopefully she falls on my side. Come 1 week tomorrow I’ll either have a wee short gloat or greet and then it’s business as usual back to moaning about Peter Perfect.
I WILL STILL BE A FACETIOUS B THOUGH!
MWD says AYE
As for RBS we should not be surprised in any way of any threats and scaremongering which originates for it’s largest shareholder.
Interesting to see Australians who’ve boasted of being out of this country for decades telling us how to vote and shoring up the nightshift by plastering the blogs with London-based NO propaganda and scare stories.
The sky didn’t fall down when the Scottish Parliament was approved in 1997 or first sat in 1999.
We weren’t plagued by locusts and rats nor did the sky fall down when the SNP formed a Scottish Government in 2007
Neither of which I voted for.
Some of us actually live here and have an understanding of how we are actually governed at present and what the choices are.
Can the Australians treat us with some respect and stop preaching at us how to vote and, while I’m at it, stop telling us to how to support Celtic.
squire danaher
07:41 on 11 September, 2014
Interesting to see Australians who’ve boasted of being out of this country for decades telling us how to vote and shoring up the nightshift by plastering the blogs with London-based NO propaganda and scare stories.
The sky didn’t fall down when the Scottish Parliament was approved in 1997 or first sat in 1999.
We weren’t plagued by locusts and rats nor did the sky fall down when the SNP formed a Scottish Government in 2007
Neither of which I voted for.
Some of us actually live here and have an understanding of how we are actually governed at present and what the choices are.
Can the Australians treat us with some respect and stop preaching at us how to vote and, while I’m at it, stop telling us to how to support Celtic
——————-
Here, here. Down with the Van Diemens and their spider harbouring ways.
squire danaher:
Which dastardly boasting Australians are those mate telling you how to vote?
Rummybhoy
00:33 on
11 September, 2014
Natknow
Maybe the dept you work in is not affected, but tell my wife it is not a fact. Tell my children who hardly see their mother that it is not a fact.
————————————–
As I said – I work with departments throughout the business and I’m in and out of all the buildings in Edinburgh every week. There are very clear policies on additional hours worked and these are enforced. There is still a strong union presence in that business and I have very good friends who are heavily involved. If you are telling me your wife is working 12 hour days and not being paid for the overtime I suggest she contact her union rep today. It will be sorted out. But as I said – in all of the business areas I work that is behaviour I’ve never seen. If you want the details of a union rep get my email address from Paul67 or another CQNer and I’d be happy to put her in touch with the right people.
Kitalba
The tone and counter of your posts across the latter half of the prev page would suggest you are pushing the NO agenda from 12000 miles away
If you are holding the scaremongering up for ridicule then the irony doesn’t come through your posts
Must go
squire danaher:
Very selective of you mate, and a couple of wee body-swerves too. Strange I don’t see anybody on here digging at the overseas supporters of the YES campaign. That in itself speaks volumes both about individuals and demographics on here.
Just for your information I am not 12000 miles away. I was in Scotland just two weeks ago, I’ll be in Scotland again in less than two weeks time. I don’t have an Australian passport and I am not an Australian citizen. I am as Scottish as you are and I don’t ridicule anybody from the YES side of the fence for harbouring that opinion and I don’t, and have not, told anybody how they should vote.
I have voiced my concerns and having been asked by some rather aggressive supporters of the Yes movement to put some meat on the bones of my concerns, I have obliged as is my right. If you don’t like what is contained in those articles which I believe more than supports my points of a few weeks ago, then I am sorry for you, I thought you were made of sterner stuff.
And remember who it was who resorted to insults to deny another their rights.
@bbcquestiontime: To clear up any confusion, there is no Question Time tonight, and no one banned from the panel. Mistaken identity. #BBQT back on 25th Sept
Kitalba
Need to go but I think it’s semantics to say that highlighting concerns is not attempting to influence voters.
You like anyone else are entitled to your opinion.
Enjoy your trip home.
Morning all. The mist is rising and it looks like a beautiful day in prospect.
Is there a beautiful day in prospect for CQN?
squire danaher:
Thank you for the courtesy of allowing me to voice my opinion and thank you for the sentiment regards my trip(s) home.
I’m sure all the other posters on here will take note of your courtesy regards entitlement.
BP.
Lloyds Bank.
RBS.
Standard Life.
Deutsch Bank.
A brave few grand cartels and institutions of righteousness and virtue are “concerned”,are they?
Well that’s good to hear,in fact that has just made my day, reading that those bastions of greed, corruption and exploitation are “concerned”.
They won’t ever be as “concerned” as the poor people that they have bleed dry throughout their shameful history.
Mores the pity.
I’m not reading this anymore.
HH.
Have all the players returned fit after the Internationals ?
ohits
08:32 on 11 September, 2014
Have all the players returned fit after the Internationals ?
——————
Yes, or No. We find out on the 19th
Parkheadcumsalford @ 08:25….yes, but the sun setting down Govan way..
Davidopoulos
Sorry I forgot where I was there , hopefully RD has a full squad to pick from on Saturday .
As a daily lurker and very infrequent poster, I thought I’d join the others of my ilk and put my thoughts on the independence debate out there..
If I was still living in Paisley I would be voting Yes in a heartbeat! I was home last year and the whole town center was closed? The publicity around food banks is heartbreaking and how we as a developed nation have come to be in this scenario is absolutely disgusting. I have listened to many people, not just on here, talk of stability and it just confuses me! There is no stability at the moment, unless you feel a downward spiral is stable. The report in France yesterday that outlined how their top economists forecast that Scotland will be the 14th richest nation in the world, as well as the George Monbiot article in the guardian, tell me that most people outside of debate see it as a none issue, independence is the only way to go!
I am not Alex Salmonds biggest fan, nor the SNP’s for that matter, however this is not an election, this is a referendum to determine who governs Scotland!! I lived in London for four great years, I moved to Winchester for a few more, have loads of English friends and have no animosity to English people. What I do not agree with is a government that is very London centric controlling Scotland policy and Scottish lives. My friends and family back home have told me constantly for the last eight years taht things are getting worse and worse, how anyone could want to continue with this is beyond me??
Although having said all that I would love to come on here tomorrow and see all you usual posters back to commenting on Celtic and football in general. Too many division seem to be being created between good Celtic bhoys and no one wants to see that! Ain’t nobody got time for that :-)
Looking forward to seeing the new bhoys get a run out on Sat, and as it’s an early game I can watch it on saturday night with a few beers, good times ahead :-)
HH YNWA COYBIG