Energy regulator Ofgem is confusing consumers by publishing inaccurately high estimates of company profits, Centrica has claimed, as it said British Gas earnings had slumped by a quarter in the warm first half of the year.
Lloyds' bill for compensating payment protection insurance customers smashed through the �10 billion barrier today, taking the shine off City forecast-beating first-half results.
Shell has committed itself to spending over $30bn (�17.7bn) buying back its shares and handing out higher dividends over two years.
The Bank of England claims the tendency among funds to invest according to economic cycles was exacerbating financial crises. Photograph: Stockcam/Getty Images.
Just days after a �3bn merger between Balfour Beatty and Carillion was made public, the deal has fallen apart. But analysts say it may not be the end of the story, with the prospect of Carillion going hostile.