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Scottish Tourism boost

Scotland’s tourism industry is continuing to grow as the number of overnight visitors to Scotland rose by 9 per cent in 2011 according to the latest figures.

Figures from the Office of National Statistics publication “Overseas travel and tourism: Quarter …

Bob Diamond quits as Barclays chief

Barclays chief executive Bob Diamond has resigned with immediate effect.

His resignation comes less than a week after Barclays was fined £290 million for trying to manipulate LIBOR rates.

Diamond became CEO of Barclays on Jan. 1, 2011 after joining …

What is a company’s credit rating?

A company’s credit rating is an assessment of the credit worthiness of the company. Essentially, credit ratings are forward-looking opinions about the risk attached to giving credit (lending money) to a company.

There are several ‘credit rating agencies’ who publish …

What is LIBOR?

LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …

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  • Bank of England cuts interest rates to 4%

    LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

    Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …

  • Bank of England holds interest rates at 4.25%

    LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

    Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …

  • Bank of England cuts interest rates to 4.25%

    LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

    Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …

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LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …

LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.

Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …