July 27 The Times
LLOYDS TAKES ANOTHER MIS-SELLING HIT
A thousand employees are tied up rejecting bogus
compensation claims for mis-sold insurance, Lloyds Banking Group
said on Thursday as it admitted that it had been wrong
footed about the size of the final bill.
CENTRICA DEFENDS 23 PERCENT LEAP IN BRITISH GAS
Centrica defended a 23 percent surge in profits at
its British Gas household division, insisting the jump was due
to the comparison with a "weak" 2011.
MARKETS BUOYED AS ECB HINTS AT SPAIN SUPPORT
The European Central Bank has opened the door to emergency
support for the Spanish and Italian bond markets, setting off a
blistering rally on bourses across the world.
LLOYDS SETS ASIDE EXTRA CASH FOR PPI MIS-SELLING
Banks need to undergo a "cultural change" after the recent
spate of scandals that have hit the industry, Antonio
Horta-Osorio, the chief executive of Lloyds Banking Group
, has warned.
JJB SPORTS CHIEF EXECUTIVE TO GO
JJB Sports chief executive Keith Jones is to step
down from the troubled retailer just weeks after a new chairman
was parachuted in to revive the company's ailing fortunes.
REPUBLICANS MERGE AS 'NEW IRA' TO OPPOSE STORMONT
Three of the four main dissident republican terror groups in
Northern Ireland are to merge and reclaim the banner of the IRA,
in an escalation of attempts to de-stabilise power sharing.
FACEBOOK SHARES HIT RECORD LOW
Facebook shares slumped to a new record low on Thursday,
after it admitted it could not forecast when it will start to
make the big profits investors have been hoping for.