Lloyds half year profits hit by PPI mis-selling charges

Profit at Lloyds Banking Group has fallen by more than 50% in the first six months of the year compared with the same period in 2013. Pre-tax profit fell to £863m after a £1.1bn charge for “legacy issues”. These included £600m set aside for mis-sold Read more…

Bank of England unveils bankers’ bonus clawback plan

The Bank of England has unveiled plans that mean rule-breaking bankers may have to pay back bonuses up to seven years after being awarded them. Bankers that have been found guilty of causing a bank to fail could also be jailed for long periods. Even Read more…

House price growth begins to show signs of slowing

Seven out of ten regions of England and Wales recorded month-on-month falls in house prices in June, according to the Land Registry. The survey suggested that overall across England and Wales, prices were unchanged in June compared with May, however, property prices were still 6.4% Read more…

RBS reports surprise rise in profit

Royal Bank of Scotland (RBS) has said it expects pre-tax profits of £2.65bn for the first half of the year, up from £1.37bn last year. The bank said it had set aside much less money for bad loans than expected – down from £2.15bn to Read more…

EasyJet Profit Outlook Disappoints

The low-cost carrier confirms their profits for the year ending September 2014 are likely to be just under analyst’s consensus of £572m. They are making a £10m-£15m allowance for any conflict repercussions in Israel, Egypt and Russia. Yesterday, its twice daily flights to Tel-Aviv were Read more…