FabSwingers.com forum: Peston

By *ibandit OP Man
over a year ago

Liverpool

Robert Peston - journalistic genius, or incompetent hack..?

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

I've been enjoying his series on shopping. He is on a bit too much for me. I like Stephanie Flanders.

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By *ibandit OP Man
over a year ago

Liverpool

Love Stephanie.

Peston for me can make the potentially interesting tediously dull. His live reports are cringe-making viewing - stilted delivery and ill-thought out reporting.

He gets away with it when pre-recorded. I'm surprised he's made it so high up in BBC News.

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By *nnyMan
over a year ago

Glasgow

His latest .........

"If Scotland were to vote for independence, both Royal Bank of Scotland and Lloyds may be forced to move their registered offices or legal homes to London under European Union law, I have learned.

A senior banker has told me that his organisation is taking legal advice on the impact of the relevant directive, Council Directive 95/26/EC of 29 June 1995, because it has never been tested in the courts and there is no case law around it.

Regulators are also busy assessing its significance. Bankers and regulators both tell me it is likely to mean that RBS and Lloyds would be obliged to move their homes south of the border, if Scotland were to go it alone.

The directive says that banks must have their head offices "in the same member state as its registered office".

It also implies that those registered and head offices should be located where a group has the bulk of its activities - which, as you know, is England for Lloyds and RBS."

The rest at http://www.bbc.co.uk/news/business-26455655

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By (user no longer on site)
over a year ago

Bit of a love/hate thing when it comes to him.

not keen on him as a presenter but he seems to be skilled on the research side with loads of contacts.

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By *unky monkeyMan
over a year ago

in the night garden

An amazingly vast and tasteless tie collection but he knows his shit yo.

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By (user no longer on site)
over a year ago

"His latest .........

"If Scotland were to vote for independence, both Royal Bank of Scotland and Lloyds may be forced to move their registered offices or legal homes to London under European Union law, I have learned.

The directive says that banks must have their head offices "in the same member state as its registered office".

It also implies that those registered and head offices should be located where a group has the bulk of its activities - which, as you know, is England for Lloyds and RBS."

The rest at http://www.bbc.co.uk/news/business-26455655"

or they could look at doing something similar to standard life and register subsiduary companies in case they end up dealing with different regulstors.

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By *nnyMan
over a year ago

Glasgow

Looks like Shell are worried too.

"Royal Dutch Shell, Lloyds Banking Group and Barclays have warned of the economic risks of the Scottish people voting in favour of independence.

In moves which are likely to intensify the debate north of the border, the three FTSE 100 companies have spoken for the first time of the potential problems should Scotland leave the UK."

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By (user no longer on site)
over a year ago

Good journalist, poor broadcaster. Invariably scoops pretty big stories that are correct but should let others present them.

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By (user no longer on site)
over a year ago

In a word odious.

I will never forget the sight of him gleefully reporting from outside a branch of Bradfirdb&Bingley as the fearful qued to try and get their savings at the height of the banking crisis.

His nightly reporting of 'insider 'briefings from Government officials was borderline criminal.

Still he made a name for himself.

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By *nnyMan
over a year ago

Glasgow

"In a word odious.

I will never forget the sight of him gleefully reporting from outside a branch of Bradfirdb&Bingley as the fearful qued to try and get their savings at the height of the banking crisis.

His nightly reporting of 'insider 'briefings from Government officials was borderline criminal.

Still he made a name for himself.

You'd rather we hadn't been told the economy was going to hell in a handcart?

Don't shoot the messenger.

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By (user no longer on site)
over a year ago

"Looks like Shell are worried too.

"Royal Dutch Shell, Lloyds Banking Group and Barclays have warned of the economic risks of the Scottish people voting in favour of independence.

In moves which are likely to intensify the debate north of the border, the three FTSE 100 companies have spoken for the first time of the potential problems should Scotland leave the UK.""

The chief executive of Barclays has said his bank "can make it work" if Scotland votes for independence.Ahead of the referendum, Antony Jenkins also told the BBC he had no view on whether a "Yes" vote would be good or bad for Barclays.

Royal Dutch Shell is not planning for the prospect of Scotland gaining independence, according to the company's finance chief who said any Government that controls the North Sea has to get the tax regime right or risk frightening off investors.

Lloyds Banking Group has said that Scottish independence poses "no immediate issues" to its business, after warning that separation could present a"risk" to its operations.A spokesman for the group said: "Lloyds Banking Group believes that questions about Scotland’s future constitutional position are a matter for the people of Scotland and the UK and Scottish Parliaments.

A single quote for each business named in these reports which seem to tell a different story.

as usual the media try to make headlines by misrepresentation.

The reality is that there are risk factors to all business interests no matter who is in government or where they are governing from.

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By (user no longer on site)
over a year ago

I'd rather he didnt cause a run on the banks deposits and shares which ensured its demise.

His inside man in the Treasury was an ex journalist who worked with him at the FT.

Still whats a few employees jobs and investors (many the same employees) savings count for when you are building a reputation.

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By (user no longer on site)
over a year ago

"I'd rather he didnt cause a run on the banks deposits and shares which ensured its demise.

His inside man in the Treasury was an ex journalist who worked with him at the FT.

Still whats a few employees jobs and investors (many the same employees) savings count for when you are building a reputation.

Do i take it that you will NOT like Gordon Brown then?

Back to Peston, his recent written articles for the BBC have been decidedly poor and an insult to one's intelligence, really.

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By *nnyMan
over a year ago

Glasgow

"I'd rather he didnt cause a run on the banks deposits and shares which ensured its demise.

His inside man in the Treasury was an ex journalist who worked with him at the FT.

Still whats a few employees jobs and investors (many the same employees) savings count for when you are building a reputation.

Do i take it that you will NOT like Gordon Brown then?

Back to Peston, his recent written articles for the BBC have been decidedly poor and an insult to one's intelligence, really. "

You may not find the content palatable but Auntie doesn't employ poor journalists.

Peston, for what armchair commentators may see as his many faults, is almost invariably right - and ahead of the others.

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By *nnyMan
over a year ago

Glasgow

The chief executive of the oil company Shell has said he would like Scotland to "remain part of the UK".

Addressing the company's annual reception in London on Wednesday, Ben van Beurden said he valued the "continuity and stability" of the UK.

He said the company had reached this view for the same reasons it supported the UK staying "inside the EU".

In his speech, Mr van Beurden said "That's the chief reason we're in favour of the UK maintaining its long-established place at the heart of the European Union: it provides greater investment stability and certainty.

"But, as a global business with feet planted firmly on both sides of the Channel, we also believe that the UK's national interests are best served by a close relationship with Europe.

"The continent faces medium-term challenges - not least relating to its economic competitiveness. But we believe those challenges are best tackled - to the benefit of all - with the UK's voice loudly expressed and loudly heard inside the EU.

"It's for similar reasons that we'd like to see Scotland remain part of the United Kingdom."

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By (user no longer on site)
over a year ago

"I'd rather he didnt cause a run on the banks deposits and shares which ensured its demise.

His inside man in the Treasury was an ex journalist who worked with him at the FT.

Still whats a few employees jobs and investors (many the same employees) savings count for when you are building a reputation.

Do i take it that you will NOT like Gordon Brown then?

Back to Peston, his recent written articles for the BBC have been decidedly poor and an insult to one's intelligence, really.

You may not find the content palatable but Auntie doesn't employ poor journalists.

Peston, for what armchair commentators may see as his many faults, is almost invariably right - and ahead of the others."

It's not that the content is unpalatable, far from it, just severely lacking any depth on most occasions, certainly when compared to prior years.

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By (user no longer on site)
over a year ago

"The chief executive of the oil company Shell has said he would like Scotland to "remain part of the UK".

Addressing the company's annual reception in London on Wednesday, Ben van Beurden said he valued the "continuity and stability" of the UK.

He said the company had reached this view for the same reasons it supported the UK staying "inside the EU".

"But, as a global business with feet planted firmly on both sides of the Channel, we also believe that the UK's national interests are best served by a close relationship with Europe.

"It's for similar reasons that we'd like to see Scotland remain part of the United Kingdom.""

Selective as always _nny, i notice you dont include the following part of mr Van Beurdens speech:

"Shell is a company which already operates in more than 40 independent countries around the globe, and an independent Scotland with full control of its economy and huge resources will offer an attractive and stable environment for businesses in the offshore and other sectors."

lets leave the thread to its purpose of discussing mr Peston now.

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By *nnyMan
over a year ago

Glasgow

Robert Peston reports "The governor of the Bank of England said there was "a distinct possibility" RBS would have to relocate if Scotland votes for independence.

Mark Carney's comment was made with reference to EU rules requiring banks to have head offices in the state where the majority of their customers live.

He said the rules would apply to RBS if an independent Scotland joined the EU."

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By *nnyMan
over a year ago

Glasgow

Robert Peston reports

"BAE Systems has said continued union between Scotland and the rest of the UK offers "greater certainty and stability" for its business.

The defence firm offered its opinion in its annual report.

BAE employs about 3,000 workers on the Clyde and is helping to construct two new Royal Navy aircraft carriers.

BAE chief executive Ian King said "BAE Systems has significant interests and employees in Scotland, and it is clear that continued union offers greater certainty and stability for our business.

"In the event that Scotland voted to become independent, we would need to discuss the way forward with the Ministry of Defence and UK government, and work with them to deliver the best solution in those circumstances."

The company recently agreed to begin advance work on three new Royal Navy offshore patrol vessels (OPVs) after the Ministry of Defence signed a £20m parts contract."

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By (user no longer on site)
over a year ago

I think he's had elocution to address some of the nasal tone but I still find him hard to listen to because of his voice I personally don't think he's an incompetent hack and as far as his genre goes (as my German friend said about Angela Merkl) his shit stinks the least.

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By (user no longer on site)
over a year ago

"Robert Peston reports

"BAE Systems has said continued union between Scotland and the rest of the UK offers "greater certainty and stability" for its business.

The defence firm offered its opinion in its annual report.

BAE employs about 3,000 workers on the Clyde and is helping to construct two new Royal Navy aircraft carriers.

BAE chief executive Ian King said "BAE Systems has significant interests and employees in Scotland, and it is clear that continued union offers greater certainty and stability for our business.

The company recently agreed to begin advance work on three new Royal Navy offshore patrol vessels (OPVs) after the Ministry of Defence signed a £20m parts contract.""

does mr Peston only report on the independence issue _nny.

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By *nnyMan
over a year ago

Glasgow

does mr Peston only report on the independence issue _nny.

I'm sure he reports on other potential business disasters.

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By (user no longer on site)
over a year ago

does mr Peston only report on the independence issue _nny.

I'm sure he reports on other potential business disasters."
do you mean potential disasters like this

The UK Government yesterday announced a change to the basis for taxation on drilling rigs and accommodation vessels which use bareboat chartering arrangements – which experts suggest will increase costs and deter further exploration.This latest tax raid on the North Sea flies in the face of David Cameron’s alleged commitment to ensure fiscal stability for the industry and has been described by Chief Executive of Oil & Gas UK, Malcolm Webb, as “perplexing”. Mr Webb also suggested that “this move will drive drilling rigs, already in short supply, out of the UKCS [United Kingdom Continental Shelf]”.The move has also faced criticism from Taf Powell, Executive Vice President, International Association of Drilling Contractors who expressed concern at the hypocrisy of the UK Government’s claim that it is seeking to stimulate activity in the North Sea – and pointed out that this is the “latest example of fiscal instability that undermines claims that the UK is open for business.”

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By *heBirminghamWeekendMan
over a year ago

here

"I've been enjoying his series on shopping. He is on a bit too much for me. I like Stephanie Flanders."

Stephanie Flanders ... Mmmmmmm ! nice

A woman who knows about the markets and how to make money ... Mmmmmmmm ! nice

Ticks my boxes

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By *nnyMan
over a year ago

Glasgow

does mr Peston only report on the independence issue _nny.

I'm sure he reports on other potential business disasters.do you mean potential disasters like this

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

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By (user no longer on site)
over a year ago

does mr Peston only report on the independence issue _nny.

I'm sure he reports on other potential business disasters.do you mean potential disasters like this

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece."

wrong again

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By *nnyMan
over a year ago

Glasgow

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?

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By (user no longer on site)
over a year ago

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?"

straight from the labour for independance member who wrote it

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By (user no longer on site)
over a year ago

It's

The

Really errrrrrm really

Strange way that

Pestons

Errrrrm

Voice rises and then

Falls

And then goes

Very very slowly

Thenacceleratesparticularlyquicklytothepointoftotalincompeehension

And his very

Errrrrrrrm

Bizarre

Speeeeeeeeeech

Patternsthatreallygrateonmyear

Every

Errrrrrrrm

Time

Thatpestonisonthe tvorradio

Errrrrrrm

That really you know

Irritates

So very

Errrrrrrrrrrrrrrrrrrrrrrrrm

Much

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By *nnyMan
over a year ago

Glasgow

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?

straight from the labour for independance member who wrote it

That's a whom, not a where.

Onnyway, does this "labour for independance (sic)member" have a name?

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By (user no longer on site)
over a year ago

"It's

The

Really errrrrrm really

Strange way that

Pestons

Errrrrm

Voice rises and then

Falls

And then goes

Very very slowly

Thenacceleratesparticularlyquicklytothepointoftotalincompeehension

And his very

Errrrrrrrm

Bizarre

Speeeeeeeeeech

Patternsthatreallygrateonmyear

Every

Errrrrrrrm

Time

Thatpestonisonthe tvorradio

Errrrrrrm

That really you know

Irritates

So very

Errrrrrrrrrrrrrrrrrrrrrrrrm

Much

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By (user no longer on site)
over a year ago

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?

straight from the labour for independance member who wrote it

That's a whom, not a where.

Onnyway, does this "labour for independance (sic)member" have a name?"

yes im pretty sure his parents did give him one, and there was no need to tell you where but as your asking he's sitting beside me

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By *nnyMan
over a year ago

Glasgow

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?

straight from the labour for independance member who wrote it

That's a whom, not a where.

Onnyway, does this "labour for independance (sic)member" have a name?

yes im pretty sure his parents did give him one, and there was no need to tell you where but as your asking he's sitting beside me

I see.

People will question why someone wouldn't wish their name to be attributed to this.

Cowardice springs to mind.

BTW. The piece is, as some folk will already have discovered, lifted from the Separatists website and reposted on newsnetscotland.

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By (user no longer on site)
over a year ago

.......... claims that the UK is open for business.”

Lifted straight from newsnetscotland - the SNP propaganda mouthpiece.

wrong again

So where do you claim you stole it from?

straight from the labour for independance member who wrote it

That's a whom, not a where.

Onnyway, does this "labour for independance (sic)member" have a name?

yes im pretty sure his parents did give him one, and there was no need to tell you where but as your asking he's sitting beside me

I see.

People will question why someone wouldn't wish their name to be attributed to this.

Cowardice springs to mind.

BTW. The piece is, as some folk will already have discovered, lifted from the Separatists website and reposted on newsnetscotland."

oh i see, its cowardice to not post the name of someone who has nothing to do with the site.

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By *nnyMan
over a year ago

Glasgow

More from Peston.

"A tax break for two oil and gas fields in the North Sea is expected to lead to the creation of more than 700 jobs.

The Culzean and Jackdaw fields are the first to benefit from a new allowance announced in this week's Budget.

It is aimed at reserves with the expensive challenge of extraction at very high pressure and temperature.

Maersk Oil and BG Group are the lead operators on the new fields, and would receive a fifth of the investment cost as tax relief, if the schemes go ahead.

The two fields would cost about £6bn to develop, creating more than 700 jobs, and supporting as many as 8,000 more in the supply chain - roughly half of them in Scotland.

The Culzean and Jackdaw fields were discovered in the past 10 years in the central North Sea, off Aberdeen.

'Security of supply'

Andy Samuel, managing director of BG Group's European upstream business, said: "BG Group welcomes the new proposals which improve the prospect of the Jackdaw gas discovery being developed........"

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By (user no longer on site)
over a year ago

"More from Peston.

"A tax break for two oil and gas fields in the North Sea is expected to lead to the creation of more than 700 jobs.

The Culzean and Jackdaw fields are the first to benefit from a new allowance announced in this week's Budget.

It is aimed at reserves with the expensive challenge of extraction at very high pressure and temperature.

Maersk Oil and BG Group are the lead operators on the new fields, and would receive a fifth of the investment cost as tax relief, if the schemes go ahead.

The two fields would cost about £6bn to develop, creating more than 700 jobs, and supporting as many as 8,000 more in the supply chain - roughly half of them in Scotland.

The Culzean and Jackdaw fields were discovered in the past 10 years in the central North Sea, off Aberdeen.

'Security of supply'

Andy Samuel, managing director of BG Group's European upstream business, said: "BG Group welcomes the new proposals which improve the prospect of the Jackdaw gas discovery being developed........""

was that Robert Peston ? Saw that story in the Scotland business section dont remember seeing his name anywhere

http://bbc.co.uk/news/uk-scotland-scotland-business-26676647

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By (user no longer on site)
over a year ago

"Robert Peston reports

"BAE Systems has said continued union between Scotland and the rest of the UK offers "greater certainty and stability" for its business.

The defence firm offered its opinion in its annual report.

BAE employs about 3,000 workers on the Clyde and is helping to construct two new Royal Navy aircraft carriers.

BAE chief executive Ian King said "BAE Systems has significant interests and employees in Scotland, and it is clear that continued union offers greater certainty and stability for our business.

The company recently agreed to begin advance work on three new Royal Navy offshore patrol vessels (OPVs) after the Ministry of Defence signed a £20m parts contract.""

strangely this one doesnt have any reference to Robert Peston either, starting to see a pattern

http://bbc.co.uk/news/uk-scotland-scotland-politics-26668611

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By (user no longer on site)
over a year ago

"Robert Peston reports "The governor of the Bank of England said there was "a distinct possibility" RBS would have to relocate if Scotland votes for independence.

Mark Carney's comment was made with reference to EU rules requiring banks to have head offices in the state where the majority of their customers live.

He said the rules would apply to RBS if an independent Scotland joined the EU.""

this one does actually mention Mr Peston but appears to be from a website completely unconnected to him

http://www.commercehousewirral.co.uk/7-news/20265-carney-says-rbs-move-a-possibility.html

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By *nnyMan
over a year ago

Glasgow

Yet more.

Blackrock warns of post-Yes risks for UK and Scotland.

The world's biggest investment fund manager has said Scottish independence would bring "major uncertainties, costs and risks".

Blackrock's assessment was that those risks would be "mostly for Scotland, but also for the remaining UK".

Blackrock, which is based in New York and manages trillions in financial assets, will be sending out its 12-page assessment to clients next week.

It said a currency union between an independent Scotland and the rest of the UK "looks infeasible" and would "bring risks to both countries".

The asset managers believed the "best of the few choices" Scotland had would be to launch its own currency.

The company said oil and gas were critical to Scotland's finances but fiscal spending based on specific oil revenue projections was "uncertain and probably unwise".

It reported that banks and insurers would face pressure to move headquarters to a "stronger fiscal state with a more certain regulatory backdrop".

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By (user no longer on site)
over a year ago

"Yet more.

Blackrock warns of post-Yes risks for UK and Scotland.

The world's biggest investment fund manager has said Scottish independence would bring "major uncertainties, costs and risks".

Blackrock's assessment was that those risks would be "mostly for Scotland, but also for the remaining UK".

Blackrock, which is based in New York and manages trillions in financial assets, will be sending out its 12-page assessment to clients next week.

It said a currency union between an independent Scotland and the rest of the UK "looks infeasible" and would "bring risks to both countries".

The asset managers believed the "best of the few choices" Scotland had would be to launch its own currency.

The company said oil and gas were critical to Scotland's finances but fiscal spending based on specific oil revenue projections was "uncertain and probably unwise".

It reported that banks and insurers would face pressure to move headquarters to a "stronger fiscal state with a more certain regulatory backdrop".

i note you chose to ignore this part _nny :

However, the report added: "A wholesale exodus of staff and operations would be unlikely, given Scotland's cost advantage over London and other locations."Blackrock also said that fears an independent Scotland would become a "bastion of anti-business sentiment are unfounded, in our view"

And that you once again chose to post a story in a Robert Peston thread with no apparent connection to Robert Peston

http://bbc.co.uk/news/uk-scotland-scotland-politics-26705466

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By *nnyMan
over a year ago

Glasgow

I also missed the bit where it states:

“Kilt-edged securities would sell at higher yields. Scotland would have to pay more to borrow than the UK and accept shorter maturities.

“The country’s likely high debt, fiscal deficit, weak economic growth, lack of institutional frameworks and low foreign exchange reserves suggest a higher-than-normal debut sovereign yield spread. This would add to Scotland’s fiscal stress.

“Oil and gas are critical to Scotland’s finances. North Sea revenues are volatile as they depend on energy prices, production volumes, costs and tax incentives."

Thanks for encouraging me to revisit the statement.

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By (user no longer on site)
over a year ago

"I also missed the bit where it states:

“Kilt-edged securities would sell at higher yields. Scotland would have to pay more to borrow than the UK and accept shorter maturities.

“Oil and gas are critical to Scotland’s finances. North Sea revenues are volatile as they depend on energy prices, production volumes, costs and tax incentives."

Thanks for encouraging me to revisit the statement.

you still dont grasp how pathetic you are being trying to hijack a thread and making false claims that these quotes are by Robert Peston, fantastic way to make a fool of yourself

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