After wrong-footing her doubters with a £2.7bn swoop on rival TSB, meet the most powerful woman in British banking
Last week, she entered British banking's big league after orchestrating a £2.7billion deal to buy high street bank TSB from fellow Spanish group Sabadell.
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Reuters
18 minutes ago
- Reuters
Samsung Elec to buy healthcare services company Xealth
SEOUL, July 8 (Reuters) - Samsung Electronics ( opens new tab said on Tuesday it had signed an agreement to acquire Xealth, a U.S.-based healthcare platform, as part of its efforts to expand its mobile healthcare services business. The South Korean company did not disclose the value of the transaction.
The Herald Scotland
21 minutes ago
- The Herald Scotland
Tuesday's briefing: Chelsea a Samba step away from Club World Cup final spot
Maresca relishing selection dilemma Levi Colwill is suspended for Chelsea's Club World Cup semi-final (Bradley Collyer/PA) Chelsea coach Enzo Maresca is confident he will find the right answers to the selection problems he is facing for their Club World Cup semi-final. The Blues take on Brazilian side Fluminense in New York on Tuesday for a place in Sunday's final. Striker Liam Delap and defender Levi Colwill are both suspended after receiving their second bookings of the tournament in the quarter-final win against Palmeiras. Midfielder Romeo Lavia has not recovered from a muscular problem and the fitness of captain Reece James continues to be monitored after a knock. Speaking at his pre-match press conference at the MetLife Stadium, Maresca said: 'I think in the last game we had Romeo out, Moi (Caicedo) out, Reece out and we found a solution with Andrey (Santos) playing in midfield. Now with Levi and Liam out, we will find different solutions.' Spain close in on quarter-finals Spain thrashed Belgium at the European Championships in Switzerland (Til BuergyAP) World champions Spain closed in on the quarter-finals of Euro 2025 with a convincing 6-2 win over Belgium in Thun. Alexia Putellas had put Spain in front in the 22nd minute, only for Justine Vanhaevermaet to swiftly equalise when she nodded in from a corner. Defender Irene Paredes powered in a header of her own to restore Spain's lead just before half-time, but Hannah Eurlings had Belgium level again shortly after the restart. Esther Gonzalez's angled drive then quickly restored Spain's lead in the 52nd minute and Arsenal midfielder Mariona Caldentey added a fourth on the hour from close range after a corner. Claudia Pina curled in a fine 20-yard strike and Putellas then clipped home her second with four minutes left. Musiala undergoes 'successful' surgery Jamal Musiala has undergone 'successful' surgery on a broken leg (Andrew Milligan/PA) Jamal Musiala has undergone successful surgery on the serious injury he sustained during Bayern Munich's Club World Cup quarter-final defeat to Paris St Germain. The 22-year-old fractured his fibula and broke and dislocated his ankle after a collision with PSG goalkeeper Gianluigi Donnarumma during the 2-0 win for the French side in New Jersey. Despite fears Musiala could miss the majority of next season, Bayern issued a statement intimating they were optimistic for a speedier return. Bayern's statement read: 'He (Musiala) will begin his first rehabilitation sessions tomorrow, Tuesday and will be unavailable to the German record champions for the next few months.' What's on today Chelsea face Fluminense in New Jersey with a place in the final of the inaugural Club World Cup at stake. Germany face Denmark and Poland meet Sweden in the women's European Championship, while Champions League qualifying gets under way with Welsh champions The New Saints taking on Shkendija of North Macedonia.
Times
22 minutes ago
- Times
SNP transition fund spends £43m on just 110 jobs for oil workers
A fund designed to protect North Sea oil and gas workers from the SNP's net zero drive created just 110 new jobs despite spending £43 million, a new report has found. An analysis of the first two years of the Scottish government's Just Transition Fund, which is set to cost taxpayers half a billion pounds over a decade, found that it had 'safeguarded' only another 120 further existing roles. The policy, announced by Nicola Sturgeon in 2021, was intended to ensure that new green jobs are created for workers whose livelihoods depend on fossil fuel industries. A report commissioned by the Scottish government found the scheme, which backed 24 projects such as a 'sustainable' whisky distillery, an eco-tourism firm and new tidal energy research projects, could be 'a successful catalyst for economic and environmental change'. However, critics claimed that it had delivered only a 'paltry return' after the SNP repeatedly vowed that it would ensure that North Sea workers do not end up on the scrapheap as part of its plans to wind down the oil and gas industry and replace it with clean energy industries. The North Sea oil and gas industry is estimated to directly employ around 30,000 people and supports a further 100,000 indirectly. The Scottish government has said it wants to hit net zero by 2045 — five years ahead of the rest of the UK — and is sticking to the target despite repeatedly failing to hit, and then scrapping, interim targets. The analysis, carried out by the research firm Blake Stevenson Ltd, found that 47 jobs had been created through the Social Enterprise Just Transition Fund, which include positions in 'green skills training'. A handful of others were created through a nature restoration project based around the River Findhorn and an 'adventure tourism' firm. However, the report warned that many of the roles were 'temporary, project-based, or contingent on further investment' and 'may not transition into lasting opportunities'. Douglas Lumsden, the Scottish Tory net zero spokesman, said: 'This paltry return will do nothing to allay the fears of tens of thousands of highly skilled workers in Scotland's oil and gas sector. 'They know the SNP and Labour are taking a wrecking ball to their industry and this report confirms they have not got a clue how to properly protect jobs for the future. 'Taxpayers will be rightly thinking their money has typically been squandered by the SNP who must urgently shift from their current reckless approach if we are to achieve an affordable transition.' The fund was created as a counter to claims that the SNP's net zero policies, which were enthusiastically championed under Sturgeon, would cost thousands of jobs and cause devastation to the north east economy. The SNP has repeatedly claimed that it will ensure the push to net zero does not mean that communities suffer in the same way as others did under deindustrialisation under Margaret Thatcher in the 1980s. When the just transition fund was announced, ministers said they would target investment to help create 'good, green jobs' to replace those that would be lost in the North East and Moray. According to the report, the fund has also helped to leverage £30 million in private sector investment and £4.7 million from the public sector or charities. It claimed that initiatives funded by the scheme were also responsible for the training of 750 people. The report said that while the fund 'has been a successful catalyst for economic and environmental change' in the area, 'several administrative and logistical challenges have emerged'. These include uncertainty over long-term funding, confusion over the application process and a lack of clarity over funding criteria. The report said: 'Many projects remain in early stages, making it difficult to fully assess employment outcomes, carbon savings, and long-term economic benefits.' Gillian Martin, the climate action secretary, said: 'This independent report demonstrates our Just Transition Fund is a catalyst for economic growth. With £75 million allocated to the fund since 2022, the expert report makes clear it has supported job creation and re-skilling, empowered communities, catalysed private investment and initiated innovation in green technologies. 'Thanks to the Just Transition Fund, more than 230 jobs have been created and safeguarded, 750 training places opened up and over £34 million in additional investment secured in its first two years. These are the initial impacts of the fund and we are confident that job numbers, investment leveraged and other key outputs will increase as projects continue. 'This is just one example of how this government is supporting Scotland's valued and highly skilled oil and gas workers, who are at the very heart of the just transition to net zero — despite the fact that decisions on offshore oil and gas licensing, consenting and the associated fiscal regime, are all matters that are currently reserved to the UK government.'
