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Lloyds hit by £600m PPI bill

Lloyds hit by £600m PPI bill

Lloyds Banking Group continued to count the cost of past misdemeanours today after taking a further £1.1 billion hit from "legacy issues" in the year to date.

Average house price hits new record

Average house price hits new record

House prices increased to another new all-time high of £188,949 on average in July but the pace of growth is slowing, Nationwide has reported.

£1.5m damages for tycoon over probe

£1.5m damages for tycoon over probe

Tycoon Robert Tchenquiz is to receive £1.5 million in damages after he settled his claims against the Serious Fraud Office (SFO) following a botched investigation.

Rolls-Royce targets profit revival

Rolls-Royce targets profit revival

Rolls-Royce has promised a significant improvement in its performance after "growing pains" caused half-year profits to drop by a fifth.

Carillion mulls Balfour options

Carillion mulls Balfour options

Carillion is weighing up its next move after potential merger partner Balfour Beatty walked away from talks to create a new FTSE 100 construction giant.
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Thomas Cook benefits from late rush

Thomas Cook benefits from late rush

Tour operator Thomas Cook boosted quarterly profits today after benefiting from a surge in late summer bookings in the UK.
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Swinney Yes vote message for firms

Swinney Yes vote message for firms

Scottish companies will be able to boost their presence on the world stage with a Yes vote, according to the Finance Secretary.
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Bonus clawback for reckless bankers

Bonus clawback for reckless bankers

Reckless bankers could be stripped of bonuses up to 10 years after they are awarded under plans set out by the Bank of England.
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Barclays reveals 7% profits slide

Barclays reveals 7% profits slide

Barclays took a fresh £900 million hit to cover payment protection insurance (PPI) claims as it revealed a 7% slide in first-half profits today.
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Home power bills to be cut by £12

Home power bills to be cut by £12

Households are set to see £12 a year cut from bills after the energy regulator announced plans to curb the spending of power network operators.
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