Royal Bank of Scotland has reported a half-year loss after setting aside more money for repaying customers and potential legal settlements.
LONDON Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts, responding to an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits.
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Warren East, the new chief executive of Rolls-Royce, has pledged to update investors on his priorities for the UK engine-maker by the end of the year.
John Allan CBE is chair of London First and a founding signatory of the airport expansion campaign group Let Britain Fly. www.letbritainfly.