Royal Bank of Scotland Chairman Philip Hampton said the bank's latest fines for attempting to fix the benchmark rates Euribor and Libor are a "sobering reminder" of past failures for which the state-owned institution is now paying.
HP will axe more than 1,100 jobs in the UK next year as part of international cost-cutting designed to address its waning power. The American technology giant said more than 600 jobs will be cut from its offices in the south of England.
Irish airline Aer Lingus today reported a dip in passenger numbers for November as it came under pressure from price-cutting rivals.
Eurotunnel is to be allowed to continue to offer ferry services from Dover after a ban by the UK Competition Commission was overturned on appeal.
Problems in South Korea and weaker global markets have forced Standard Chartered to warn that its ten-year growth spurt will end this year.