Watchdog Urges Faster Energy Tariff Reform

The energy watchdog's proposals for a "simpler and fairer" energy market have drawn a mixed response from consumer groups, as the regulator called on suppliers to adopt them "as quickly as possible". Regulator Ofgem has told suppliers to limit themselves...

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Diesel Drivers 'Get Worse Deal' In Fuel War

The cost of filling up at the pumps has edged up over the last month, with diesel drivers getting a worse deal than those using petrol, according to new figures from the AA. The average price of petrol in the UK has risen from 133.35p a litre in mid-May...

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Viagra 'Price Drop' As Drug Patent Expires

The cost of Viagra could drop dramatically from today as the UK patent for the drug expires. The male erectile dysfunction drug, manufactured by American firm Pfizer in Ireland, must now compete against dozens of generic competitors. There are some...

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Shares Fall As Fed Plans To Slow Bond-Buying

World stock markets have lost more ground after the US Federal Reserve signalled it was moving closer to slowing its bond-buying programme. The Fed offered a more optimistic outlook for the US economy and job market but said it would maintain the pace...

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Clashes In Brazil As One Million March

The Brazilian government will hold an emergency meeting later amid spiralling protests over alleged corruption and high prices which have seen one million people take to the streets. The demonstrations, which have spread to more than 80 cities across...

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Watchdog Urges Faster Energy Tariff Reform

The energy watchdog's proposals for a "simpler and fairer" energy market have drawn a mixed response from consumer groups, as the regulator called on suppliers to adopt them "as quickly as possible". Regulator Ofgem has told suppliers to limit themselves...

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Billing Errors Cost Families Up To £400 A Year

Millions of families are being left up to £400 out of pocket due to errors in calculating their household bills. A new report claims 70% of consumers have been overcharged in the past year, with a third more than once. Billing mistakes by firms responsible...

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Chancellor Unveils Plan For State-Owned Banks

George Osborne has unveiled Government plans for the future of state-owned banks during his annual speech on the state of the UK economy. In his remarks at Mansion House in London, the Chancellor said the Treasury was considering steps to return Lloyds...

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Regulator Reveals £27.1bn UK Bank Shortfall

A City regulator has revealed the capital holes at UK banks total £27.1bn - with Royal Bank of Scotland (RBS) facing the biggest shortfall. The Prudential Regulation Authority (PRA) said that while the collective 'black hole' was more than the £25bn...

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City Investors Vow Fight Over RBS Break-Up

By Mark Kleinman, City Editor Some of the City's most prominent institutional investors are vowing to oppose any attempt to break up Royal Bank of Scotland (RBS), claiming it would undermine attempts to recover the taxpayer's £45.5bn of rescue funding....

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Bankers Should Face Jail Terms, Report Says

By Mark Kleinman, City Editor A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary...

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UK Auditor Agrees 'Fine And Ban' In New York

A division of one of the UK's biggest auditors, Deloitte, has been fined $10m (£6.4m) by New York state for its actions in advising Standard Chartered Bank over money laundering. In addition to the fine, Deloitte's Financial Advisory Services arm was...

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