Energy Debts: Amount Families Owe Mounts

The number of families in debt to their energy supplier is rising, with around one in five households owing money, a study suggests. Collectively, Britons are estimated to owe £637m to energy firms, which is £159m more than last year's projections,...

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Hi-Tech Firms Join Forces Against Google

A group of companies led by Microsoft has asked European officials to investigate Google over alleged unfair practices in the mobile smartphone market. "FairSearch" - which consists of 17 hi-tech firms including Microsoft, Nokia, Expedia, TripAdvisor...

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Baby Formula Rationed In UK Over China Demand

Supermarkets in the UK are rationing infant formula due to rising demand in China for foreign-made baby milk. Danone, the maker of the Aptamil and Cow & Gate brands, said a limit of two packs per transaction had been adopted by retailers "as a precautionary...

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Cold Weather Affects Retail Sales Figures

The coldest March in 50 years saw sales of clothing and footwear freeze but it boosted demand for food and drink, according to new figures. The British Retail Consortium (BRC) said sales grew by 1.9% in March on a like-for-like basis, weaker than February's...

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UK Manufacturing Output Gets February Boost

UK manufacturing output rose 0.8% in February as it rebounded from a snowy January, according to official figures. The increase was almost double economists' forecasts and comes after a 1.9% drop in the previous month. The Office for National Statistics...

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Diesel Fuel Price War Gives Motorists Hope

A new diesel fuel war is being unleashed on supermarket forecourts, just weeks after a squeeze was put on petrol prices. Morrisons said its diesel would be reduced by up to 2p a litre from Wednesday morning. The announcement was followed by Sainsbury's...

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Insurer RSA Braced For Revolt Over CEO Lee

By Mark Kleinman, City Editor The FTSE-100 insurer RSA is moving to head off an investor revolt against its chief executive at next month's annual annual meeting following a swingeing cut to the company's dividend. I have learnt that RSA board...

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RBS Investigated By New Watchdog Over IT Woes

The newly-formed Financial Conduct Authority has started an investigation into the Royal Bank of Scotland group's computer failure last year. The FCA, which has recently replaced the Financial Services Authority as the City watchdog, launched the "enforcement"...

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Network Rail Directors Get £600k Bonus

Four top Network Rail bosses have been awarded bonuses totalling more than £600,000 despite concerns over the company's performance. The long-term incentive plan payments, including £168,000 to finance director Patrick Butcher, come at a time when rail...

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Sir James Crosby: Ex-HBOS Chief Forgoes Title

Former HBOS chief executive Sir James Crosby will ask for his knighthood to be removed and give up 30% of his pension after last week's damning report into the bank's collapse. The 57-year-old said he was "deeply sorry" for what happened at HBOS and...

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