Lloyds Banking Group vows to review cases of customers caught up in HBOS fraud, after two ex-bankers jailed February 7, 2017 Lloyds Banking Group today pledged to review the cases of customers who could have been caught up in a fraudulent scheme linked to two former HBOS employees. Last week, two ex-HBOS bankers were among six people jailed for their roles in a ruse to drive small businesses into the ground for their own personal gain, running up [...]
Bellway boosted by strong affordable housing demand in London February 7, 2017 Bellway's share price has climbed three per cent this morning after the company reported a boost in sales due to a "significant" requirement for affordable housing in London. The figures Bellway increased its housing completions by 6.5 per cent for the six months ending 31 January; volumes reached 4,462, up from 4,188 during the same [...]
Deutsche Boerse board expresses “full confidence” in chief executive Carsten Kengeter amid insider trading probe February 7, 2017 Deutsche Boerse chief executive Carsten Kengeter has the “full confidence” of his board amid an insider trading probe relating to the company’s merger with the London Stock Exchange. The company’s supervisory board met yesterday to discuss the allegations against Kengeter “thoroughly and intensely”, Deutsche Boerse said. Read more: Spotlight falls on LSE-Deutsche Boerse merger: Who knew [...]
DCC shares spike after it announces a new energy acquisition with ExxonMobil’s Norwegian unit February 7, 2017 Shares in DCC have surged after the company's energy arm said it will buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge, for 2.43bn Norwegian krone (£235m). The company rose to the top of the FTSE 100 index this morning, and its shares were up 6.67 per cent at 6,800p in early trading. Dublin-based DCC, which [...]
Forget contactless, train tickets could soon use fingerprints and facial recognition February 7, 2017 Ambitious plans to bring train travel into the 21st Century could replace paper tickets and even forward-thinking contactless payments with fingerprints and iris scanning. “Britain’s railway exists to drive our economic prosperity. A 21st century railway offers opportunities for businesses to grow by bringing more technology to the railway more quickly. Everyone in the railway [...]
Severe delays on District line due to signal failure at East Putney February 7, 2017 There are severe delays on the District Line this morning due to an earlier signal failure at East Putney station. There is currently no service between Parsons Green and Wimbledon and there are severe delays between Earl's Court and Parsons Green, with minor delays between Edgware Road and Earl's Court. https://twitter.com/districtline/status/828907813774700544 https://twitter.com/districtline/status/828897346708725760 Transport for [...]
Tax set to rise to highest share of UK income in over 30 years as austerity continues to bite according to Institute for Fiscal Studies February 7, 2017 The amount of tax we pay will rise to the highest proportion of the UK’s national income in over 30 years, according to an analysis by an influential group of economists. The government plans to raise taxes by £17bn over the course of this Parliament relative to 2015-16, according to the Institute for Fiscal Studies [...]
Short-term Greek bond yields have jumped after the IMF’s board fell out over its rescue February 7, 2017 Yields on two-year Greek debt jumped to almost 9.7 per cent this morning, the highest since last summer, after the International Monetary Fund (IMF) admitted its executive board was divided over the issue of the country's bailout. The IMF has been at loggerheads with other members of the so-called troika of creditors involved in Greece's bailout for [...]
Ofgem’s price cap on prepayment meters will save Brits £80 per year February 7, 2017 Britain's energy regulator has announced a price cap that could save more than 4m households around £80 per year. Ofgem's temporary cap on prepayment meters is one of the results of the Competition and Markets Authority (CMA)'s two-year investigation of the energy market. The levels of the cap vary for electricity and gas, by meter type and region, [...]
This is how far house prices fell in January February 7, 2017 House prices fell month-on-month in January, reversing the strong house price growth recorded at the end of last year. According to Halifax's house price index, house prices fell 0.9 per cent last month. Year-on-year growth was 5.7 per cent, down from an annual growth of 6.5 per cent in December. Read more: This is how [...]