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British government sells RBS shares at loss of £1bn to taxpayer

Digital Desk -
The British Treasury has sold the first tranche of shares in Royal Bank of Scotland for £2.1 billion, but the taxpayer has made a...
BUSINESS

RBS blames banking failure on cyber attack

Digital Desk -
RBS has blamed a cyber attack for the IT failure that left many customers unable to access their online banking yesterday morning. Frustrated customers in...
BUSINESS

Galaxy S6 fails to save Samsung’s quarterly earnings

Digital Desk -
Electronics giant Samsung has reported a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in the...
BUSINESS

Lloyds profits rise despite PPI bill

Digital Desk -
Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI). But Lloyds, which is backed by the British...
BUSINESS

Shell to cut 6,500 jobs

Digital Desk -
Oil giant Royal Dutch Shell has said it plans to cut 6,500 jobs this year. The firm said it was taking action amid a slump...
BUSINESS

Barclays chief signals more job losses despite profit rise

Digital Desk -
Barclays boss John McFarlane has signalled more job cuts to come at the bank as he set out plans to ramp up earnings growth...
BUSINESS

Twitter revenue grows sharply, but user growth stays low

Digital Desk -
Twitter has failed to add users at a quick enough pace for investors in the second quarter, even as revenue grew sharply, feeding concerns...
BUSINESS

18% rise in Sky profits as customer numbers surge

Digital Desk -
Sky has posted an 18% rise in profits, and seen the best customer growth in 11 years. The broadcaster made £1.4bn in the year to...
BUSINESS

BP announces $4.2bn loss as oil prices continue to fall

Digital Desk -
Oil giant BP swung to a US$4.2bn loss in the first six months of the year after taking another €9.8bn hit from its Deepwater...
BUSINESS

Vodafone revenue up almost 1%

Digital Desk -
Mobile phone giant Vodafone said its service revenue grew 0.8% in the first quarter of the year to end of June, compared to a...
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