City News

End of the nine-to-five work day?

Only 14% of 10,000 adults surveyed wanted to work in an office in the future, a report said

Working in an office is becoming increasingly unpopular, with a growing trend away from the traditional nine-to-five day, according to a new report.

Lloyds fined £218m over Libor

Lloyds Banking Group said the manipulation took place between May 2006 and 2009

State-backed Lloyds Banking Group was today fined £218 million after it admitted "shocking" rate rigging practices, including ripping off the Bank of England over its financial life support scheme.

Trinity allots £4m for hack claims

Reporter Dan Evans was given a suspended prison sentence after he pleaded guilty to two charges of conspiring to hack phones

Publisher Trinity Mirror has set aside £4 million to deal with civil claims over phone-hacking allegations, the group disclosed in its half-year results today.

EU clears Apple's deal for Beats

Apple's deal to buy Beats Electronics has been cleared by the EU's antitrust authority

The European Union's antitrust authority has cleared Apple's 3 billion US dollar deal to buy Beats Electronics, which makes headphones and offers music streaming services.

Reckitt plans pharma demerger

Vanish-maker Reckitt Benckiser is to spin off its drugs division

Cillit Bang-to-Vanish group Reckitt Benckiser is to spin off its drugs division in a move that could be worth at least £1 billion.

West End braced for 'Ramadan Rush'

Selfridges and other West End stores are braced for a rush of Middle Eastern shoppers following the end of Ramadan

London retailers are bracing themselves for another "Ramadan Rush" of wealthy Middle Eastern customers this week as the 29-day Muslim fasting period ends.

Ryanair increases profits forecast

Ryanair chief Michael O'Leary said the budget airline is "overrun with growth offers"

Ryanair raised its full-year profits guidance today after more than doubling first- quarter earnings and setting out aggressive plans for expansion in Europe.

Insolvency numbers 'to remain flat'

The number of personal insolvencies has generally been decreasing for around three years, figures show

The number of people going insolvent in England and Wales is expected to remain steady in new official figures but experts warned that borrowers should start preparing now for potential "shocks" amid the prospect of interest rates rising.

Fall in house buying confidence

Housebuyers face growing concerns over spiralling property prices and the prospect of interest rates rising

Confidence that the coming months will be a good time to buy a home has slipped back to its lowest levels in at least three years amid growing concerns over spiralling property prices and the prospect of interest rates rising, according to a consumer survey.

Consumer worries drag stocks lower

New York Stock Exchange investors were worried about the cautious outlook of retail giant Amazon and credit card processor Visa (AP)

Investors got some bad news about the American shopper yesterday, driving down US stocks and sending the Dow Jones industrial average to a loss for the week.

£3m settles tycoon damages claim

The Serious Fraud Office has apologised to Vincent Tchenguiz after settling his claim for damages

The Serious Fraud Office (SFO) has agreed to pay £3 million to settle civil damages claims brought by property tycoon Vincent Tchenguiz arising from his arrest and the searches of his home and businesses three years ago.

Accountants to face Comet probe

Comet collapsed with the loss of 7,000 jobs

Three Deloitte accountants are to be investigated over the way they handled the collapse of retailer Comet, business secretary Vince Cable said today.

Whiplash case fraud measures urged

A major insurer has suggested offering medical help for whiplash victims rather than compensation in a bid to tackle fraud

Car crash victims with minor whiplash injuries should receive medical care rather than cash in order to help combat fraud and bring down the cost of premiums generally, a major insurer has urged.

Lloyds 'close to deal' over Libor

Lloyds has revealed it is close to a deal over rate-rigging allegations

Lloyds Banking Group has confirmed that it is close to agreeing a settlement over allegations related to the rigging of interest rate benchmarks.

RBS profit surge fuels shares boost

The figures, released a week early, are significantly stronger than expected

A surge in Royal Bank of Scotland shares added £3 billion to the value of the state-backed lender today as it announced a doubling in first-half profits on the back of the resurgent economy.

Cameron hails recovery 'milestone'

Britain is forecast to be the fastest growing major economy in 2014.

David Cameron hailed a "major milestone" in the recovery today as official figures showed Britain had finally emerged from its worst post-war downturn.