Complaints about Payment Protection Insurance (PPI) are continuing to rise, the city regulator has said. The Financial Conduct Authority (FCA) said the number of complaints rose by 24% in the first half of the year, compared with the previous six months.
The City watchdog has fined US bank Merrill Lynch �34.5m for breaking a reporting rule put in place to boost transparency after the financial crisis.
The City analysts who track Pendragon have been pulling some screeching handbrake turns since its profits warning came out. Berenberg have lowered their recommendation for the stock to hold, from buy, and cut the price target from 46p to 26p.
Investors cashed in more than �23bn in dividends during the third quarter of the year - an all-time record for the period, new data reveals.
Arqiva Group, a UK communications infrastructure company, confirmed its plan for an initial public offering on the London Main Market in November.