Co-Op: US Hedge Funds Reassure Watchdog

By Mark Kleinman, City Editor A group of American hedge funds is trying to reassure the Bank of England about their role in the restructuring of the Co-operative's troubled banking arm ahead of a formal deal to be announced on Monday. Sky News...

16.02 | 0 komentar | Read More

RBS Confirms Plan For £38bn 'Bad Bank'

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) has confirmed plans to hive off nearly £40bn of toxic assets into a new division as part of an effort to accelerate its recovery that will be treated with scepticism by advocates of a more...

16.02 | 0 komentar | Read More

Water Bills: Crackdown On Costs Expected

Water bills may be "rolled back" after the Government vowed to get tough on the rising cost of living. David Cameron's spokesman indicated that an announcement on water bills would be made next week. The spokesman said the Department for Environment,...

16.01 | 0 komentar | Read More

HS2: Rail Bill Passed Despite MPs' Rebellion

Seventeen Conservative MPs have rebelled in a House of Commons vote on plans to build a high-speed rail line linking London to the north of England. MPs voted by 350 to 34 in favour of the High Speed Rail (Preparation) Bill, which will allow ministers...

16.01 | 0 komentar | Read More

Sugary Drinks Tax 'Could Raise Treasury £275m'

By Thomas Moore, Health and Science Correspondent A tax on sugary drinks would reduce the number of obese adults in the UK by 180,000 and raise over £275m for the Treasury, according to doctors. Researchers from Reading and Oxford universities...

16.01 | 0 komentar | Read More

RBS Confirms Plan For £38bn 'Bad Bank'

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) has confirmed plans to hive off nearly £40bn of toxic assets into a new division as part of an effort to accelerate its recovery that will be treated with scepticism by advocates of a more...

16.01 | 0 komentar | Read More

House Prices Rise 1% But Are 7% Below Peak

House price growth accelerated in October amid continuing fears of a price bubble but the average cost of a home is still 7% below the record level measured in 2007. The latest Nationwide House Price Index charted a 1% increase over the month following...

16.01 | 0 komentar | Read More

Facebook Shares Plummet Despite Profit Boost

Facebook saw some $18bn (£11.2bn) wiped off its share price in minutes after a top exec admitted the social network had seen a drop in teenage users. The company's stock soared by around 18% to $57.98 (£36.16) in after-hours trading following the announcement...

16.01 | 0 komentar | Read More

Customers To Switch Energy Firms In 24 Hours

By Anushka Asthana, Political Correspondent Consumers should not need to be "stock market analysts" to be able to switch energy firms simply, the Energy Secretary has said. Ed Davey said he was preparing to introduce plans to make it simpler...

16.01 | 0 komentar | Read More

Pensions: 'Rip-Off' Charges Targeted By Govt

Plans to stop "rip-off" pension charges could see people getting an extra £100,000 in their retirement savings pot. The Government is to unveil plans that could include a ban on all charges above 0.75% a year as it rolls out landmark reforms to automatically...

16.01 | 0 komentar | Read More

Barclays In Currency Probe As Profits Dive

Barclays has confirmed a 26% fall in quarterly pre-tax profits and admitted it is cooperating with regulators investigating the possible manipulation of currency trading by major banks. The third quarter brought in £1.39bn, amid higher spending to achieve...

16.01 | 0 komentar | Read More

Supermarkets Announce New Petrol Price Cuts

By David Crabtree, Midlands Correspondent The cost of fuel is being slashed at pumps across the UK in the latest phase of a supermarket petrol price war. It was sparked by Asda, which is cutting prices to its lowest this year. Sainsbury's,Tesco...

16.01 | 0 komentar | Read More

HS2 Alternative 'Will Cause Years Of Gridlock'

By Anushka Asthana, Political Correspondent Railway services between the north and south of England will be crippled by 14 years of weekend closures if HS2 is abandoned for an alternative, ministers will claim this week. The warning will be part...

16.01 | 0 komentar | Read More

Airbus' Airline Appeal For Wider Plane Seats

Relief could be on the way for passengers crammed into narrow seats on planes. Aircraft manufacturer Airbus is calling on the aviation industry to set a minimum seat width of 18 inches for long-haul aircraft. The call comes after London-based research...

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Storm Causes Major Headache For Commuters

Transport services including trains, planes and ferries have been cancelled or are disrupted as a severe storm strikes the southern half of the UK. Network Rail said it was aware of more than 100 trees on the line across the South East and said its...

16.01 | 0 komentar | Read More

JPMorgan To Pay £3.2bn In Mortgage Settlement

JPMorgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash. The deal settles a lawsuit brought by American regulators over the quality of mortgages sold to US loan giants Fannie Mae and Freddie Mac...

16.01 | 0 komentar | Read More

McDonald's To Drop Heinz After CEO Change

McDonald's has announced it will end a 40-year relationship with Heinz as the sauce company is now led by the former chief of rival Burger King. "As a result of recent management changes at Heinz, we have decided to transition our business to other...

16.01 | 0 komentar | Read More

Osborne To Stop Short Of Full RBS Break-Up

By By Mark Kleinman, City Editor George Osborne will stop short of ordering a full break-up of Royal Bank of Scotland (RBS) following a review that will aim to redeploy billions of pounds of capital for lending into the British economy. Sky News...

16.01 | 0 komentar | Read More