Co-Op: US Hedge Funds Reassure Watchdog

By Mark Kleinman, City Editor A group of American hedge funds is trying to reassure the Bank of England about their role in the restructuring of the Co-operative's troubled banking arm ahead of a formal deal to be announced on Monday. Sky News...

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RBS Confirms Plan For £38bn 'Bad Bank'

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) has confirmed plans to hive off nearly £40bn of toxic assets into a new division as part of an effort to accelerate its recovery that will be treated with scepticism by advocates of a more...

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RBS Eyes Dividend As It Seeks New Cost Cuts

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to begin talks with ministers about moves to reinstate dividend payments as it prepares to embark on a "substantial" new round of cost-cutting that could lead to thousands more jobs being...

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Sugary Drinks Tax 'Could Raise Treasury £275m'

By Thomas Moore, Health and Science Correspondent A tax on sugary drinks would reduce the number of obese adults in the UK by 180,000 - and raise over £275m for the Treasury, according to doctors. Researchers from Reading and Oxford universities...

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Big Six To Be Forced To Make Switching Easier

By Anushka Asthana, Political Correspondent The 'big six' energy companies will be forced to be more transparent about their profits and make it simpler for customers to switch providers, under plans for an annual competition check on the industry....

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Facebook Shares Plummet Despite Profit Boost

Facebook saw some $18bn (£11.2bn) wiped off its share price in minutes after a top exec admitted the social network had seen a drop in teenage users. The company's stock soared by around 18% to $57.98 (£36.16) in after-hours trading following the announcement...

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Energy Crisis: MPs Turn Spotlight On Big Six

Energy companies have insisted controversial rises in bills were partly down to green taxes but were accused of charging customers "the maximum price they feel they can get away with". Senior executives from the "Big Six" -  E.ON, British Gas,...

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Supermarkets Announce New Petrol Price Cuts

By David Crabtree, Midlands Correspondent The cost of fuel is being slashed at pumps across the UK in the latest phase of a supermarket petrol price war. It was sparked by Asda which is cutting prices to its lowest this year. Then, Sainsbury's,Tesco...

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Apple Earnings Drop For Third Quarter In Row

Apple's fourth-quarter earnings have fallen 9% as more people opt for the company's lower-priced iPhones and iPads. It is the third consecutive quarter that its earnings have dropped compared with the previous year. Apple said it had sold 33.8 million...

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Energy Prices: MPs To Turn Up Heat On 'Big Six'

By Poppy Trowbridge, Business and Economics Correspondent Executives from Britain's biggest power companies will appear before a panel of MPs today to justify their most recent round of price hikes. British Gas, SSE, Scottish Power and Npower have...

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HS2 Alternative 'Will Cause Years Of Gridlock'

By Anushka Asthana, Political Correspondent Railway services between the north and south of England will be crippled by 14 years of weekend closures if HS2 is abandoned for an alternative, ministers will claim this week. The warning will be part...

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Airbus' Airline Appeal For Wider Plane Seats

Relief could be on the way for passengers crammed into narrow seats on planes. Aircraft manufacturer Airbus is calling on the aviation industry to set a minimum seat width of 18 inches for long-haul aircraft. The call comes after London-based research...

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McDonald's To Drop Heinz After CEO Change

McDonald's has announced it will end a 40-year relationship with Heinz as the sauce company is now led by the former chief of rival Burger King. "As a result of recent management changes at Heinz, we have decided to transition our business to other...

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Osborne To Stop Short Of Full RBS Break-Up

By By Mark Kleinman, City Editor George Osborne will stop short of ordering a full break-up of Royal Bank of Scotland (RBS) following a review that will aim to redeploy billions of pounds of capital for lending into the British economy. Sky News...

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