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EDINBURGH based bank plan to axe more jobs despite raking in over £800m in profit for the first quarter of 2013.
Royal Bank of Scotland bosses faced the wrath of shareholders over £607 million of bonuses awarded to executives in a year when it lost £5.2 billion – as it warned more jobs could be under threat.
Royal Bank of Scotland has offered Chancellor George Osborne a pre-election boost by predicting that the Government should be able to start selling off its stake within a year.
But anxiety over the challenges facing taxpayer-backed Royal Bank of Scotland kept its shares under pressure on Friday despite its best quarterly profits haul since 2011. Shares in the group were more than 4% lower, despite …
Other top flight risers included Royal Bank of Scotland, which lifted 8.5p to 302.5p on the back of the positive update from Lloyds. Meanwhile, Whitbread shares were 12p higher at 2623p after it announced an 11% rise in …