RBS has agreed to pay the government £1.5bn before it gives shareholders a dividend, the lender announced yesterday.
It has struck a deal to buy back the dividend access share, which was put in place as part of its bailout.
LABOUR and Liberal Democrat proposals for a mansion tax would fall almost entirely on homeowners in London, with three boroughs in the capital footing over two thirds of the bill, research out yesterday by Zoopla showed.
WHO’D be a car insurer? With regulators lining up to tell the sector what to do and technology busily disrupting established business models, firms like Direct Line, Admiral and Esure are enjoying a rough ride.
THREE of the biggest motor insurers in the UK saw their share prices fall yesterday after Confused.com and Towers Watson reported a significant drop in premiums, greater than had previously been expected.
Egypt-focused gold miner Centamin’s share price slid over three per cent yesterday, after it posted a 19 per cent decline in production in the first quarter of 2014, compared to the last quarter of 2013.
Aerospace and defence giant Rolls Royce has been awarded a $100m (£59.7m) contract by the US Department of Defence. The FTSE 100 company will provide support for the F405 (Adour) engines that power the US Navy’s T-45 training aircraft.
BT’s shares have been cooling for the past month, falling around 10 per cent, and now broker Bernstein has downgraded BT to “market-perform” on fears it may overspend on upcoming Premier League auction.
The Greek government looks set to return to bond markets this week, after a four-year absence - its last issue for seven-year bonds was in the first quarter of 2010, a couple of months ahead of the bailout that locked it out of markets.