Petrofac has warned investors that a �difficult period� compounded by the lower oil price environment is likely to reduce its net profits to $500m next year, nearly 10 per cent lower than previously guided.
Royal Bank of Scotland has apologised for misleading a parliamentary committee over its treatment of small businesses. Sir Philip Hampton, chairman of RBS, admitted evidence given by two executives was wrong - but insisted they made an 'honest mistake' ...
Plymouth has been named as Britain's most affordable city in which to rent a home, followed by Cardiff and Leeds. The average rents in Plymouth took up just over a quarter of a tenant's take-home income.
The National Employment Savings Trust (Nest) has launched a wide-ranging consultation on the future of workplace pensions and retirement in the UK following the changes announced in the Budget.
Friends Life has suspended a �317m share buyback programme as it negotiates the finer points of a proposed �5bn tie-up with rival Aviva.