RBS Admits Mis-Selling Taxpayer-Backed Scheme

Royal Bank of Scotland (RBS) is contacting 1,800 small business customers who are believed to have suffered under the latest mis-selling scandal to hit the bank. RBS said the issue came to light following a review of customer files following complaints...

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BP Cuts North Sea Jobs As Oil Costs Dive

BP has cut 300 North Sea oil jobs as its looks to save costs amid the plunging cost of oil. Of those to be laid off, 200 are BP workers with the others affected in contractor roles. BP briefed workers in Aberdeen today on its plans, which it had...

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Inflation At Joint Lowest Level On Record

The annual rate of inflation has hit a 15-year low as oil costs continue to fall and supermarkets engage in a price war. The Office for National Statistics (ONS) measured consumer price inflation (CPI) at 0.5% in December - its joint lowest level...

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Osborne: No Need To Fear Low Inflation Rate

Britain should celebrate the low inflation rate and not be frightened by it, Chancellor George Osborne is to insist. He will say the slump in the headline rate to just 0.5% is due to external factors - and the benefits for consumers should be welcomed....

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Petrol At £1 A Litre But Not At Supermarkets

The owner of three petrol stations in the West Midlands has cut the price of unleaded petrol below £1 a litre, as supermarkets announce further reductions. The decision to sell petrol at 99.7p by Harvest Energy garages in Birmingham, Redditch and...

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Morrisons Chief On Brink After Sales Fall

By Mark Kleinman, City Editor The chief executive of Wm Morrison, the UK's fourth-largest supermarket chain, was said to be on the brink of resigning on Monday amid expectations that it would be the sector's worst performer during the Christmas sales...

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City Heavyweights To Join Quindell Revamp

By Mark Kleinman, City Editor A former finance director of Royal Mail and one-time boss of Prudential in the UK will this week join an attempt to rehabilitate the reputation of the controversial insurance claims outsourcer Quindell. Sky News has...

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Big Six Energy Groups To Defy Price Cut Call

By Mark Kleinman, City Editor Some of Britain's biggest energy retailers are expected to rule out price cuts ahead of the General Election amid an intensifying political row over Labour's vow to impose a 20-month price freeze. Sky News has learnt...

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RBS In Talks With UKFI Over £2bn Debt Sale

By Mark Kleinman, City Editor The agency which represents taxpayers' stakes in Britain's bailed-out lenders is in talks with Royal Bank of Scotland (RBS) about a £2bn capital-raising which could eventually dilute the Government's shareholding. Sky...

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Big Six Energy Groups To Defy Price Cut Call

By Mark Kleinman, City Editor Some of Britain's biggest energy retailers are expected to rule out price cuts ahead of the General Election amid an intensifying political row over Labour's vow to impose a 20-month price freeze. Sky News has learnt...

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