'Power Giant Must Remain Scottish' Top Banker Warns of Brain Drain

Summary

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THE man who saved the Royal Bank of Scotland from a foreign takeover warned last night that the loss of ScottishPower to German control would be "extremely bad" for Scotland and its economy.

Sir Ian Noble's intervention will put fresh pressure on ministers to act to prevent E.ON, the German energy giant, completing its takeover of ScottishPower. Some commentators believe the firms could propose a deal tomorrow, when both publish half-year results.

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'Power Giant Must Remain Scottish' Top Banker Warns of Brain Drain

Sir Ian, the founder of the eponymous merchant bank chain, said the loss of the firm would accelerate the country's brain drain as senior exec...

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