Royal Bank of Scotland is edging towards a £200m deal to avert an embarrassing and expensive High Court battle over its 2008 rights issue after making a last minute offer to aggrieved investors.
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
RBS in 11th-hour bid to avert court case brought by thousands of investors
Bank doubles offer to private investors and City institutions seeking damages over cash-call months before government bailout.
Sterling near eight-month high but caution dominates
Sterling cracked through the psychologically important $1.30 mark for the first time since late September last week.
Workers ‘suffer £200 pay cut’ to fund pension deficits
Workers may be suffering from lower pay as a result of their employers spending millions of pounds to keep their pension schemes afloat.
Ford chief executive Mark Fields to leave in management shake-up
The chief executive of Ford is expected to stand down from the car giant.
Cineworld bosses to meet union over living wage dispute
Meeting agreed after Picturehouse staff approached chairman at AGM following recent strike action by cinema workers.
BMW and Toyota among four carmakers to pay $553m Takata settlement
Four carmakers, including Toyota and BMW, have agreed to pay $553m (£425m) to settle class-action lawsuits covering owners of recalled vehicles, fitted with potentially faulty Takata airbags.
British shoppers are braced for an expensive post-Brexit future
Nearly 50 per cent of British consumers believe that Britain’s decision to leave the EU will have a negative impact on the cost of living in the UK.
Just Eat and Hungryhouse merger faces competition probe
Just Eat’s £200m plan to take over rival food delivery service Hungryhouse faces a hurdle.
Facebook fined £95m for ‘misleading’ WhatsApp takeover information
EU regulators say the social network gave “incorrect or misleading” information relating to its WhatsApp takeover in 2014.
EU insists trade deals must meet its labour and competition standards
Competition commissioner sees agreement with Canada as model but says deal with Brexit UK would be different
Greggs sales boosted by £2 breakfast menu
The popularity of breakfast deals has boosted sales at Greggs so far this year.
McDonald’s pulls controversial ‘dad’ ad
The TV ad, in which a boy finds out he and his late father shared a love of a fish burger, attracted criticism.
Foxtons revenues fall by a quarter after tough start to the year
Revenues at London-based estate agency Foxtons declined by 25 per cent in the first quarter of the year.
London is still a global draw despite Brexit
Profits at UK’s second-biggest property company boosted by sale of ‘Cheesegrater’ skyscraper.
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