View more on these topics

Jet blast

While the rest of us are cutting down and swapping our triple quilted toilet tissue for the supermarket’s budget range, it was good to see Royal Bank of Scotland trimming some of its spending.

Newspaper reports last week claimed RBS had ordered a corporate jet from French executive jet-maker Dassault Aviation several years ago, but cancelled the order last autumn as the financial crisis escalated.

The plane, a Falcon 7X business jet, was reported as being a state-of-the-art luxury model which costs up to £35m and can fly almost 6,000 nautical miles without having to refuel.

Mole wonders if Sir Fred Goodwin, the former chief executive of RBS, will be sending his pension back along with the corporate jet. Fingers crossed.

Recommended

Days of the broker are not numbered

Some people are suggesting the rise of the internet comparison site could spell the beginning of the end for brokers. But advisors do far more for customers than just find the best deal

Warning not to ignore internet benefits

Evaluate Technologies claims that brokers who fail to harness the opportunities presented by the internet could be hampered in the future.

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]

Newsletter

News and expert analysis straight to your inbox

Sign up