Sir Philip Hampton set to leave RBS next year

RBS confirms that Sir Philip Hampton, who has been its chairman since 2009, is to leave the bank next year to take up the same role at GlaxoSmithKline.

RBS confirms that Sir Philip Hampton, who has been its chairman since 2009, is to leave the bank next year to take up the same role at GlaxoSmithKline. Picture: TSPL

Cairn Energy agreed to sell a 10% stake in the Catcher development in the North Sea to Dyas for up to $182m (£111.8m).

Fife-based shopfitter Havelock Europa posts flat first-half losses of £2m and says it is on track to generate 10% of sales overseas.