RBS Grows Profit But Sets Aside Further £780m

Royal Bank of Scotland (RBS) has set aside a further £780m to cover the costs of conduct issues, including the PPI mis-selling scandal. The news was released alongside its third-quarter results which demonstrated that the bank's recovery was continuing...

16.02 | 0 komentar | Read More

Energy Bills: UK Gas Prices Hit Record Low

UK wholesale gas prices have hit a record low, piling more pressure on energy firms to explain why household bills have not been slashed. The latest fall in raw costs - for November and December delivery - has resulted in a 23% fall over the year...

16.02 | 0 komentar | Read More

BBA: New Oversight Will Hurt Smaller Banks

By Mark Kleinman, City Editor Smaller lenders would be hit by new rules heralding the world's toughest oversight regime for senior bankers, according to the industry's main City-based lobbying groups. The warning is contained in a confidential paper...

16.02 | 0 komentar | Read More

Energy Crunch: Plan To Keep The Lights On

National Grid has warned the UK may be forced to resort to emergency measures to keep the lights on if bad weather strikes this winter, with households picking up the bill. Its annual Winter Outlook report looking at the capacity margin - the gap...

16.02 | 0 komentar | Read More

Facebook Shares Slip On Cost Growth Warning

A leap in mobile advertising revenue helped Facebook almost double profits in its third quarter but shares fell 10% after it warned about higher costs ahead. The social network's figures, which confirmed profits at $801m (£496m) and a 59% jump...

16.02 | 0 komentar | Read More

Clothing Retailers Take Warm Weather Hit

Shares in the UK's biggest clothing retailers have been hit after Next reduced its full-year profits guidance by £25m blaming unseasonably warm weather. The UK's second-largest clothing retailer, which had warned one month ago that a lack of typically...

16.02 | 0 komentar | Read More

Lloyds Bank: More Than 200 Branches To Close

By Mark Kleinman, City Editor Britain's biggest retail bank will set out plans next week to close more than 200 branches under a blueprint that will also see 9,000 jobs disappear. Sky News understands that Lloyds Banking Group will say that a significant...

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Merkel Set To Sink Cameron's EU Migrants Plan

Plans by David Cameron to get more control over how many EU migrants can enter the UK look set to be blocked by the leader of the German government Angela Merkel. The German Chancellor said she is against changing one of the fundamental principles...

16.02 | 0 komentar | Read More

Over Five Million Britons In Low-Paid Jobs

A record five million UK workers are now in low-paid jobs, according to a new report. The Resolution Foundation think-tank said the number of people earning less than £7.69 an hour increased by 250,000 last year to reach 5.2 million. The increase...

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