Category: News Wire

The government is set to launch its first sale of Royal Bank of Scotland shares, marking the beginning of the bank’s return to private ownership.

Thomas Cook expects its annual profits to take a £25m hit from the terror attack in Tunisia last month and travellers’ fears around trips to Greece.

Lloyds Banking Group has set aside a further £1.4bn to compensate customers who were mis-sold PPI as it reported a 38 per cent rise in half year pre-tax profits.

The International Monetary Fund will refuse to participate in a new bailout for Greece until there is an “explicit and concrete agreement” on debt relief from the country’s eurozone creditors.

RBS made a profit of £293m in the second quarter of the year, up from £230m in the same period of 2014, and up from a loss of £446m in the first quarter of 2015.

Rolls-Royce is to close factories in England and Scotland following a 32 per cent collapse in profits in the first half of the year.

Facebook has enjoyed “another strong quarter” of growth despite quarterly profits falling by 9 per cent.

Oil giant Royal Dutch Shell has announced it is to shed 6,500 jobs as part of cost cutting plans.

Business leaders have called on the prime minister to give a swift green light to Heathrow expansion and to timetable a parliamentary vote on a third runway by next summer.

Red tape and growing employment bureaucracy are taking their toll on micro businesses looking to expand.

The Bank of England was left red-faced last night after admitting it failed to pay the correct tax on some former senior directors’ train travel and hotel costs.

Twitter shares slumped by 11 per cent in after-hours trading after the service confirmed it was still struggling to add users.

Barclays bank has reported a 25 per cent rise in statutory pre-tax profits to £3.14bn for the six months to the end of June.

Average house prices overtake the pre-crash record for the first time, Land Registry figures reveal.