National Business News from nebusiness, The Journal and Evening Gazette

Lloyds denies Co-op deal pressure Jun 19 2013

LLOYDS Banking Group bosses denied political pressure to accept the Co-operative Bank’s ill-fated £700m bid for its branches, insisting they acted in shareholders’ interests.Read

Charlotte Hogg heads for new role at BoE Jun 19 2013

THE Bank of England has continued its shake-up by appointing a senior female banker to the new role of chief operating officer.Read

UK property asking prices hit new record Jun 18 2013

HOUSE sellers’ average asking prices have broken through the quarter of a million pounds milestone for the first time amid signs of a “widespread” upturn in the housing market.Read

UK inflation to remain high as fuel and air fares rise Jun 18 2013

CONSUMERS face continued financial pressures as the rising cost of fuel and increasing air fares keep inflation stubbornly high.Read

Majestic toasts 'good progress' Jun 18 2013

WINE merchant Majestic posted a small rise in profits after a year in which it said sales of English sparkling wine showed a significant increase.Read

Bruce Dickinson's firm's £5m investment Jun 18 2013

A FLEDGLING aerospace firm headed by heavy metal legend Bruce Dickinson has announced a key £5 million investment.Read

'10 years' for RBS to repay taxpayer Jun 17 2013

OUSTED boss Stephen Hester today warned it could take up to a decade for the taxpayer to be repaid its £45bn stake in bailed-out Royal Bank of Scotland.Read

£1bn rescue plan for ailing Co-op bank Jun 17 2013

A £1bn rescue plan for the Co-operative’s troubled banking arm is set to be unveiled this week in a move likely to hit up to 5,000 small investors.Read

Real-life Thunderbirds that never got off the ground Jun 17 2013

INVENTIONS designed by British engineers in the 1960s have been brought to life in a display more in keeping with an episode of Thunderbirds.Read

Lloyds admits PPI complaints 'issues' Jun 12 2013

LLOYDS customers who have had their payment protection insurance claims rejected are being urged to fight on for compensation after an undercover investigation into the bank found evidence of failures in processing complaints.Read

Worldwide gloom drags FTSE 100 down Jun 12 2013

A WORLDWIDE share plunge saw the FTSE 100 Index fall more than 100 points as a run of pessimism on the markets pulled leading stocks further down from near-record heights seen just a few weeks ago.Read

UK manufacturing output drops in April Jun 12 2013

HOPES that the beleaguered manufacturing sector was on the road to recovery veered off course as output dropped in April.Read

UK letting agent fees 'out of control' Jun 12 2013

LETTING agents’ fees are now “truly out of control” and tenants are having to go without food or turn off their heating to cover the costs, a housing and homelessness charity has warned. Read

Mulberry creative director Emma Hill set to leave firm Jun 11 2013

MULBERRY creative director Emma Hill is to leave the luxury handbag-maker, the company announced, as it prepares to unveil a slump in annual profits.Read

Balfour Beatty warns over closures Jun 11 2013

CONSTRUCTION firm Balfour Beatty warned it expects to close three offices as part of moves putting at least 150 jobs at risk.Read

No tax for Thames Water Jun 11 2013

THE UK's biggest water company paid no corporation tax and received £5m credit from the Treasury during a year in which revenues rose to £1.8bn. Read

UK chief executive pay growth is 'outrageous' Jun 11 2013

A NEW study revealing that chief executives’ pay has soared by 10% over the past year has sparked outrage. Read

George Osborne readies to action Lloyds group sell-off Jun 10 2013

CHANCELLOR George Osborne is preparing to use a keynote speech to the City to signal a sale in shares of taxpayer- backed Lloyds Banking Group.Read

UK manufacturing prospects bright Jun 10 2013

PROSPECTS for Britain’s manufacturers have improved over the past three months amid signs of optimism in the sector, according to a new report.Read

Sainsbury's winning ways set to continue Jun 10 2013

SUPERMARKET Sainsbury’s takes the corporate spotlight this week to report on recent trading, with figures also due from Argos and Homebase parent Home Retail Group.Read

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