Lloyds Banking Group has done �absolutely the right thing� to ensure that its customers get compensation for mis-sold payment protection insurance, its chief executive told MPs yesterday.

Bill Grimsey, the former chief executive of the DIY chain Wickes and Iceland stores, has attacked the retail expert Mary Portas for giving "false hope" to Britain's high streets.

Federal Reserve officials both expect and want inflation to be higher than it is. So far, that isn't happening. Consumer price data released Tuesday showed inflation rose a mere 1.4% in May from a year earlier.

Mark Carney has made his first big appointment as incoming Bank of England Governor, hiring a senior executive from Santander to oversee day-to-day operations.

A call centre made famous by a BBC reality TV series has been fined �225,000 for harassing families with nuisance calls. The BBC has portrayed the company's millionaire boss 'Big Nev' Wilshire as a lovable rogue, a consumer champion and even a hero.