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.
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.
Pendragon's profit warning is also fuelling fears that stocks of unsold cars in the UK are building up to dangerous levels. Accountancy firm UHY Hacker Young warned earlier this month that car dealers are sitting on 16% more unsold stock than they were ...
EEF, the UK manufacturing industry trade body, carried out the survey. Photograph: Ben Birchall/PA. Manufacturing sector. Brexit fears are holding back manufacturing investment, study finds.
Spire Healthcare said on Monday it had rejected a takeover offer from Mediclinic International, its largest shareholder, as it “significantly undervalues” the UK private hospital operator.