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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Investments and investor services

In the papers – Watchdog tells banks to work harder

Here we take our daily flick through the business pages

The Financial Times reports that the retail banks have been told, by the competition watchdog, to work harder in order to offer customers a better deal.

It also reports that East London has potentially more scope for new housing, as a planning chief claimed there was capacity for 200,000 new homes over the next twenty years.

Security firm G4S (LON:GFS) will seek a US sales boost, the FT says.

Credit Suisse will let go of some 2,000 employees, says Times.

Ailing mining group Lonmin (LON:LMI) is set to launch a rights issue to rescue its finances, the paper also reports.

The Independent reports that property tycoon Jon Hunt, the founder of Foxtons (LON:FOXT), is now set to prosper from being a landlord to wealthy businesses.

Elsewhere, the Daily Telegraph carries the story that Britain’s first new nuclear plant, at Hinkley Point, could see the start of construction in a matter of weeks.

It also highlights a new report that the UK’s independent shops are declining at “a disastrous” rate.

The Guardian reports that tax revenues from the North Sea oil industry have turned negative for the first time, following the impacts of the oil price decline.

In the Daily Mail, it is reported that the UK’s financial regulator, the FCA, is less stable following the sudden departure of former chief executive Martin Wheatley.

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