New IT fiasco at RBS

ROYAL Bank of Scotland encountered a new IT failure this morning, leaving customers unable to access their accounts using the mobile banking app.

The state-backed bank’s shares were down almost three per cent today.  

Allister Heath

It’s time for Britain to embrace the global shale gas bonanza

by Allister Heath
TO say that Britain is slow on the uptake is an understatement of enormous proportions, especially when it comes to our ridiculous energy policy. We were good at tapping into North Sea oil and gas, all those decades ago, but we have been utterly...
BRITAIN may be as much as three quarters of the way through rebalancing the country’s high debt levels, according to a Bank of England policy maker.Paul Fisher, the Bank’s executive...
European commissioner Michel Barnier said the rules could be bought in as soon as summer
EUROPE’S biggest firms, starting with banks, will have to publish detailed breakdowns of tax payments as soon as this summer, European commissioner Michel Barnier indicated yesterday. Barnier, who...
Tim Steiner, chief executive of Ocado
Ocado feels it’s time to spread its wings OCADO’S tie-up with supermarket chain Morrisons last week has thrust the online grocer’s co-founder and chief executive Tim Steiner very firmly into the...
Tony Hayward
MINING and commodities trading giant Glencore Xstrata yesterday announced the launch of a huge $5bn (£3.3bn) bond, its debut as a merged company. The firm sold five separate tranches of debt,...
Bank director Andy Haldane wants markets to remember interest rates will go up eventually
HOLDING interest rates at rock bottom is building risks in the economy as investors, households and firms may forget that rates can rise, Bank of England director Andy Haldane warned yesterday. As...
Bernard Kantor
BANK and investment group Investec saw profits recover strongly in the last year, the lender announced yesterday, as it shook off much of the legacy of the financial crisis. The UK and South...
Will Ethridge
PEARSON has announced a shakeup of its management in a restructuring operation that will see one of its longest-serving executives depart. The FTSE 100 education and media company, which owns the...
Matt Davies, Halfords
HALFORDS yesterday warned that profits would be held back over the next two years as the bicycle-to-car parts retailer unveiled a three-year turnaround plan to reach £1bn sales by 2016. Shares in...