A test case involving a challenge to the 2010 Bribery Act has been considered inside government after complaints about confusion and the damage to exports.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Small firms still struggle to grow amid lack of finance
Investment intentions among small companies are continuing to fall despite an improvement in business confidence, as difficulties in accessing finance continue to put the brakes on growth.
US economy ready for take-off, while UK lies grounded
With America creating jobs fast, some are starting to worry about inflation taking hold. Stagnating Britain can only wish it had such a problem
Capital rules for banks ‘still need to be tougher’
Banks face having to increase the amount of capital they hold against their loan book after a commission of MPs and peers said the current arrangements were still too risky.
Great Western franchise: Rail firms start legal action
Four train companies have started legal proceedings against the government after it cancelled the bidding process for a rail franchise and then refused to pay compensation.
John Lewis staff celebrate bonus of nine weeks’ pay
Retailer says staff will all receive bonus worth 17% of salary, higher than last year
Barclays could cut up to 40,000 jobs
Barclays chief executive Antony Jenkins has suggested that up to 40,000 jobs could be cut at the bank as customers switch to automated banking, according to reports.
Accounting change could cost banks billions
Banks could be hit with billions of pounds in new losses under changes to the way they are required to account for assets, in a move intended to make the financial system less prone to a crisis.
Split RBS into good and bad banks, says Bank of England governor
Mervyn King says current situation ‘nonsense’ as he lays bare his disagreement with George Osborne over RBS’s future
Economy is turning the corner, says Cameron
David Cameron will say on Thursday that there are finally signs “we can turn our economy round” – warning that the Government will not change strategy in the forthcoming Budget.
Stricter rules expected for payday lenders
The government is expected to announce stricter rules for high cost, short-term lenders.
FSA report clears staff of negligence in failing to spot Libor rigging
FSA chairman Lord Turner says regulator was ‘too narrowly focused’ on banking crisis to notice that traders were fixing rates
Apple value falls below $400bn, as Warren Buffett says ‘ignore critics’
Tech company’s stock price hit all-time high in September with $705.07 per share, but stocks now at 52-week low
Banks withdraw £1.88bn from economy, offsets rise in lending
Britain’s banks and building societies drew £13.8bn from the state-backed Funding for Lending cheap credit scheme (FLS) in its first five months of operation, but cut loans to households and businesses by almost £2bn.
Lloyds boss to pocket £1.5m bonus as government prepares to sell off stake
António Horta-Osório gets bonus even if third of taxpayer’s shares are sold for considerably less than was paid for them – while £1.5bn PPI provision drags bank to £570m loss
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