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  • Improvements announced for Cardiff Airport

    December 11, 2013 10:01 AM 11

    Cardiff Airport has announced a series of improvement measures after it was confirmed that the Welsh Government has provided it with a multi-million pound loan. The improvements have been planned for completion by next summer and are the first developments. The investment programme is being financed with a £10m repayable loan from the Welsh Government

  • Weaker bank and mining stocks peg back FTSE 100

    December 11, 2013 9:44 AM 14

    LONDON (Reuters) - Britain's benchmark equity index failed to make much headway on Wednesday, as weaker bank and mining stocks pegged back the stock market. Some traders added that lingering uncertainty over when the U.S. Federal Reserve may start to scale back economic stimulus measures would also weigh on equities this month, causing investors to trim equity

  • Lloyds bank fined record £28m for 'serious failings'

    December 11, 2013 9:25 AM 7

    Lloyds Banking Group has been fined £28m for "serious failings" in relation to bonus schemes for sales staff. The Financial Conduct Authority said it was the largest fine that it or the former Financial Services Authority had imposed for retail conduct failings. The bonus scheme put sales staff under pressure to hit targets or risk being demoted, the FCA said. "The findings

  • Stagecoach looks to US for expansion

    December 11, 2013 9:13 AM 5

    Transport firm Stagecoach has reported a small rise in half-year profits and said there was "significant potential" to expand in the US. The company made pre-tax profits of £98.5m to 31 October compared with £96.9m in 2012. The Perth-based group said its megabus services throughout the UK, mainland Europe and the US had "an exciting future ahead"

  • Tesco blast at 'fussy' shoppers: Supermarket boss blames customers for food waste

    December 11, 2013 8:01 AM 6

    The supermarket giant said UK customers ‘always pick the cream of the crop’, forcing it to bin thousands of tons of old or misshapen produce. Its Eastern European customers are, by contrast, more willing to accept less than perfect food. Confusing sell-by dates and promotions have been blamed for much of the growth in waste. But Matt Simister, food sourcing

  • Small growth in retail sales suggests 'cautious' festive spending

    December 11, 2013 7:32 AM 6

    A slight growth in sales last month indicates consumers remain cautious about Christmas spending, retail experts have said. Sales increased 1.6% compared with November last year, driven by a 2.3% boost in food sales. Non-food sales were up 1.1%, with clothing and footwear having their strongest performance since July. The Scottish Retail Consortium (SRC)

  • 'Patent box' encourages GSK to invest $330 mln more in UK

    December 11, 2013 6:02 AM 6

    LONDON (Reuters) - GlaxoSmithKline (GSK.L) is to invest another 200 million pounds ($330 million) on advanced manufacturing in Britain, the company said on Wednesday, underlining the draw of a tax break designed to encourage research and development. Britain's so-called "patent box" scheme, which offers a reduced rate of corporation tax on income derived

  • Fracking support from government climate change adviser

    December 11, 2013 2:41 AM 9

    Britain should push ahead with fracking, the chairman of the government's advisory body on climate change has said. Lord Deben said exploiting Britain's shale gas reserves would provide a secure source of energy for decades without wrecking the environment. Lord Deben - who as John Gummer was environment secretary under John Major - chairs the Committee

  • RSPCA anti badger cull advert banned

    December 11, 2013 1:40 AM 7

    An RSPCA advert suggesting badgers in cull areas would be "exterminated" has been banned following 119 complaints. Most complaints against the advert, which featured an image of a syringe and a bullet with a headline "Vaccinate or exterminate?", claimed it was "inaccurate and alarmist". The Advertising Standards Authority (ASA) said the advert "must

  • Bus service cuts 'at critical levels'

    December 11, 2013 12:05 AM 4

    Cuts to bus services are reaching "critical levels", a report from the Campaign for Better Transport has said. Almost half of local authorities reduced their support for buses in 2013 and some may remove all support next year, the study says. It adds that next year will be "very difficult" as many local authorities have deferred cuts to next year to allow