Chinese Military's 'Global Hacking HQ Found'

By Mark Stone, China Correspondent An unassuming 12-storey building in a suburb of Shanghai has been identified as the possible headquarters of a global hacking operation allegedly run by the Chinese military. According to Mandiant, an American...

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Lloyds Fined £4.3m For Delayed PPI Payouts

Lloyds Banking Group has been fined £4.3m by the City watchdog for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress. The Financial Services Authority (FSA) fined three firms owned by Lloyds...

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Eurotunnel Ferry Move Could Mean Price Rises

Passengers and freight firms may face higher ticket prices following Eurotunnel's purchase of three ferries from defunct operator SeaFrance, according to the competition watchdog. By adding ferry services to its existing Channel Tunnel business, Eurotunnel...

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RBS Considers 'Hybrid' Branches Sale

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is mulling a hybrid sale of more than 300 branches to private equity firms and institutional investors in an attempt to jump-start the flagging auction. The state-backed lender is drawing...

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Supermarkets 'Now Take 58% Of Retail Spend'

Nearly 60% of all retail spending is now made in supermarkets, according to a new report. The Payments Council study found that 58p in every retail pound is handed to them, up from 46p a decade ago. The changing trend shows that in the last 10 years...

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Energy Bills 'Set To Rise' Ofgem Warns

Will The Lights Go Off For Britain? Updated: 1:05pm UK, Tuesday 19 February 2013 With the head of Ofgem issuing a warning about Britain's future energy reserve capacity, Datamonitor's director of energy and utilities research and analysis, Neil Atkinson,...

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British Airways Enters The 'No Frills' Market

British Airways has launched a new "hand baggage only" fare in an attempt to claw back ground lost to budget carriers. The new type of fare is now available for flights from Gatwick to Amsterdam, Dubrovnik, Jersey, Tunis and Turin for travel from February...

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India: Helicopter Row Overshadows PM's Talks

By Joey Jones, Deputy Political Editor, in India David Cameron's trade talks in India have been overshadowed by corruption allegations relating to the sale of Westland helicopters to the country's air force. India has suspended payments to the...

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Mobile Network EE Yet To Reap Benefit of 4G

Mobile provider EE - the only company offering 4G services in the UK - has confirmed its revenues fell last year despite its rollout of faster broadband. The company posted a drop in revenue from £6.78bn in 2011 to £6.65bn in 2012. It also confirmed...

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Titanic II To Be Constructed In China

By Mark Stone, China Correspondent A full-size working replica of the Titanic is to be built in China following an historic agreement between an Australian entrepreneur and a Chinese shipyard who are poised to sign a deal. Titanic II is due to...

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