Business News Articles

RBS reports annual loss of 1.12bn
Royal Bank of Scotland (RBS) has reported a loss of £1.13bn for the year 2010, a bigger loss than analysts forecast. However, this is an improvement on the £3.6bn loss the bank made in 2009, and the £24.3bn loss it made in 2008. Money set aside for bad loans fell by 33% compared the previous year, to £9.3bn. The government still owns an 84% stake in RBS after bailing the bank out duri... more

Net purchase concerns
Two thirds of shoppers are concerned about returning items they have bought online, with young adults the most likely to demand a hassle-free experience, new research by Royal Mail has revealed. ... more

Libya turmoil unnerves markets
International Oil Companies remove staff from Libya,responsible for 2% of world Oil Production... more

Recession - Recovery in Capital stalling?
New research from Business Link in London shows that the impact of the recession is levelling out... more

Essential Tax Information - Act now
An update on tax developments from Simon Massey, tax partner, Menzies LLP ... more

Halifax to pay £500m to mortgage customers
The Halifax is to make payments to 300,000 mortgage customers that will amount to a sum of £500m.... more

G20 Paris Meeting- Summary.
G20 meeting concludes in Paris, some agreement reached ... more

Cyber crime costing UK £27bn per annum
Cyber crime costs the UK economy approximately £27 billion a year according to the government.... more

Retail profits rise 1.9% in January
High street spending bounced back strongly in January following December's snow chaos, with retail sales growing at nearly three times the forecast rate last month. Sales volumes jumped 1.9% at the start of the year from December, the biggest monthly gain since February last year, the Office for National Statistics said this morning. At the same time, December's drop was revised sharply lower to ... more

BAA airport sell-off still on
Airport operator BAA has lost its latest challenge against a ruling that it must sell Stansted and either Glasgow or Edinburgh airports.... more