LONDON: Royal Bank of Scotland said on Friday that it wrongly calculated its core capital for a test of its financial health by European regulators and only marginally passed a test it initially appeared to have passed comfortably.
The pay-TV giant Sky has been hit by a revolt over pay as 55 per cent of independent shareholders failed to back the remuneration report.
AUSTERITY Chancellor George Osborne's bragging about supposed Tory �economic responsibility� was exposed as hot air yesterday after official figures confirmed he is firmly on course to miss government debt and borrowing targets.
Mario Draghi said that the ECB must move quickly to increase inflation in the euro zone. Photograph: AP Photo/Michael Probst. Colm Keena.
The board of Salamander Energy is set to recommend a takeover of the oil explorer for about �100 million less than it was offered in a rival bid that was withdrawn this week.