RBS Seeks To Shut Down Payday Loan Brokers

Royal Bank of Scotland (RBS) has told Sky News it is actively working to close payday loan brokers. The group, which includes the Natwest and Ulster Bank brands in its stable, said that between July and August alone it was receiving 650 complaints...

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Yorkshire Building Society Fined £4.1m

The City watchdog has fined Yorkshire Building Society (YBS) more than £4.1m for failures in its dealings with thousands of mortgage customers. The Financial Conduct Authority said that between October 2011 and  July 2012, short-comings by call...

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Energy Crunch: Don't Expect Return To 1970s

Are you ready for winter? This question is at the heart of today's National Grid Winter Outlook report. The weather is predicted to reach around 20 degrees in some parts of the UK on the final day of October this year so it's no wonder consumers...

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Lloyds Cuts 9,000 Jobs And 200 Branches

Lloyds Banking Group has confirmed 9,000 job losses and 200 branch closures as it moves to bolster its digital banking offering through a £1bn investment over three years. The bank - 25%-owned by the taxpayer - said the job and branch cuts would take...

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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...

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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...

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Nintendo Makes Surprise Return To Profit

Nintendo achieved a surprise return to profit in its second quarter following four years of annual losses. The struggling Japanese video game maker made an operating profit of 215m yen (£1.2m) for the period between July and September, compared...

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Bankruptcies At Lowest Level Since 1999

The number of bankruptcies has fallen to its lowest level since 1999, according to official figures. The Insolvency Service charted steep drops in both company and personal insolvencies in the third quarter of the year compared to the same period...

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Warm Weather Deals Blow To Clothing Retailers

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 country's second-largest clothing retailer, which had warned one month ago that a lack of...

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Tesco Faces Criminal Probe Over Profits Crisis

The Serious Fraud Office (SFO) has launched a formal criminal probe into Tesco's accounting crisis that led the UK's biggest retailer to overstate profits by £263m. The news was confirmed by both the supermarket chain and SFO, hours after Sky News...

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