News archive from 28 June 2014

Lawyers call for criminal probe into Wonga

Lawyers call for criminal probe into Wonga

THE Law Society has stepped up pressure for a criminal investigation to be held into Newcastle United's shirt sponsor Wonga over fake legal letters the payday lender sent to its customers. The Society, which represents around 160,000 solicitors across...

 
RBS to invest £1bn after IT failures hit customers

RBS to invest £1bn after IT failures hit customers

ROYAL Bank of Scotland is to spend £1 billion on a three-year plan to improve its online and mobile banking services after a succession of high profile IT failures. The “digital first” investment in personal and small business banking between now and...

Scotsman, 00:06 in Business
 
Tesco bosses plea to sharholders

Tesco bosses plea to sharholders

TESCO directors pleaded with shareholders yesterday to give the struggling supermarket giant time for its £1 billion transformation programme to kick in amid cut-throat competition from discounters. Sir Richard Broadbent, Tesco’s chairman, told the...

Scotsman, 00:06 in Business
 
‘Pension freedoms are a timebomb’

‘Pension freedoms are a timebomb’

SAVERS have been warned of the "disastrous" consequences of taking advantage of new pension freedoms coming into force next year if they fail to understand the implications. Fresh concerns have been raised over the consequences of the...

 
Ed Miliband warns of independence border posts

Ed Miliband warns of independence border posts

A FUTURE Labour government would consider building border posts between an independent Scotland and the rest of the UK, Ed Miliband has warned. The prospect of higher immigration in Scotland after a Yes vote, a key SNP government policy, means that a...

Scotsman, 00:11 in Politics
 

GMB members back July 10 strike

The prospect of a huge strike on July 10 has come closer after members of a leading union backed industrial action over pay. The GMB said its members in councils and schools in Wales, England and Northern Ireland supported strikes by 3-1 in protest at...

 
Yvette Cooper warns of a public services crisis if the Tories win in 2015

Yvette Cooper warns of a public services crisis if the Tories win in 2015

Yvette Cooper will tell the Fabian Society that public services should mean empowerment and opportunities. Photograph: Antonio Zazueta Olmos The NHS, police, education system and social care are at risk of an "existential crisis" within the...

Guardian, 00:19 in Health
 
Jerry Hall's got the moves like Jagger in her performance at Glastonbury

Jerry Hall's got the moves like Jagger in her performance at Glastonbury

And, according to festival-goers who saw it, she wasn't half bad. Leggy Texan supermodel Jerry, now 57, teamed up with old friend Jeanne Marine, 49-year-old French partner of Bob Geldof in a band called Paris Texas & The Uke. Jerry proved she can...

 
MARKET REPORT: Traders thirst for mega brew deal

MARKET REPORT: Traders thirst for mega brew deal

Grolsch and Peroni group SAB, up 11p to 3366p, has long been seen as a target for Budweiser and Stella Artois maker Anheuser-Busch InBev. But according to Barclays, Guinness and Johnnie Walker giant Diageo, 14½p stronger at 1847½p, could gatecrash any...

 
Collectables group Stanley Gibbons get boost from Asia

Collectables group Stanley Gibbons get boost from Asia

The UK makes up half of Gibbons' revenues, which climbed to £51.8million during the 15 months to March compared with £35.6million in the year to December 2012. Trading profit was £6.9million. Chief executive Michael Hall said there was increasing...

 
TUI Travel in £4.5bn merge

TUI Travel in £4.5bn merge

Thomson and First Choice owner TUI Travel will merge with TUI AG - which owns 55 per cent of the British company - in a deal set to save £36million a year. The companies said TUI AG's hotel and cruise operations would fit naturally with TUI Travel's...

 
Honeymoon period is over for Bank of England boss

Honeymoon period is over for Bank of England boss

The square-jawed Canadian will on Tuesday celebrate his first anniversary in the job. He has been widely praised for swift action but has been criticised for sending out conflicting messages about interest rates. Canada's Mounted Police are famous for...

 
C2C staying on track for Essex with 15 year rail deal

C2C staying on track for Essex with 15 year rail deal

National Express has agreed to spend £160million on extra train services and station improvements. Its shares rose 9p to 257p. It is the third failure in a row for FirstGroup, which has lost bids for the new Thameslink and Scottish sleeper services....

 
LATEST: Car hits wall of house in Louth

LATEST: Car hits wall of house in Louth

Six people have been injured following a serious collision in Louth this evening, Friday June 27. A red Seat collided with the wall of a house at the junction of Gospelgate, Crowtree Lane and Breakneck Lane. Five ambulances attended and two people...

 
Powers to tackle legal highs following 73 deaths

Powers to tackle legal highs following 73 deaths

POWERS to restrict the sale of so-called legal highs are to be considered by experts appointed by the Scottish Government. The group will consider the devolved and reserved powers currently available to authorities such as Police Scotland, trading...

Scotsman, 00:30 in Health
 


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