Royal Bank of Scotland suffered yet another setback last night in the form of $100 million fine in the United States, after a day struggling to allay investors' concerns about the surprise resignation of its finance director after only ten weeks in the job.
Royal Mail, the newly-privatised postal service, will be joining the FTSE 100 index of blue-chip companies. The company's share price has surged more than 80% since its first day of public trading on 15 October, giving it a market capitalisation of nearly �6bn.
The Bank of England's policy of forward guidance has not been effective in stimulating the pace of recovery, one of its interest rate setters said on Wednesday in the first breach of the central bank's advocacy of its new monetary policy strategy.
Monarch is buying the new short-haul planes as part of a turnaround programme it began two years ago to help it compete with no-frills carriers.
Six years after one of the largest leveraged buyouts ever, private equity group Blackstone is set to return Hilton Worldwide , the world's biggest hotel chain by number of rooms, to the US market after raising $2.35bn in an initial public offering.