Big Six energy supplier EDF has been ordered to pay �3 million to �vulnerable customers� after the industry watchdog ruled it had mishandled complaints.
The pound is on course to suffer its worst losing streak against the dollar in six years, as more investors pushed back their expectations of a UK interest rate hike into 2015.
... * LSE to raise $1.6 bln in 3 for 11 rights issue. * Shares offered at 1,295 pence, 30.1 percent discount. * LSE Q1 operating profits up 36 percent (Adds bullets, CFO David Warren comments, share price, details).
One of the biggest drivers of the US equity bull run has retreated as the S&P 500 ventures further into record territory. Ultra low interest rates and a paucity of investment choices in recent years have unleashed a tidal wave of share buybacks by S&P 500 ...
Activist investor Edward Bramson has ramped up the pressure on listed private equity firm Electra by demanding a shareholder meeting to shake up the board.