(MENAFN- ProactiveInvestors) The Times
Thousands due compensation still waiting for Wonga: Eighteen thousand customers sent “fake” legal letters by Wonga demanding repayment of loans have yet to be contacted five months after the payday lender was told to compensate them.
BNP Paribas Bosses under investigation: Prosecutors in France have launched an investigation into potential insider trading by senior executives and directors of the country’s largest bank who sold hundreds of thousands of shares in the year before the announcement of a record $9 billion fine on the bank for breaching U.S. sanctions.
Iron ore plumbs new depths as miners flood the market: The price of iron ore slipped to a new five-year low as China’s once-insatiable appetite for steel showed further signs of waning.
Shell wins $3 bn tax case in India: An Indian court has ruled in favour of in a tax dispute dealing the latest blow to the state’s authorities after a string of disagreements with foreign companies.
hardest hit as food market shrinks: The grocery market has shrunk for the first time in two decades laid low by falling prices fickle shopping habits savvy consumers and vigorous competition.
The Daily Telegraph
ECB entering ‘very dangerous territory’ warns S&P: The European Central Bank’s plans for €1 trn of monetary stimulus is fraught with risk and is likely to fail without full-blown bond purchases Standard & Poor’s has warned.
begins investigation into Quindell’s share price fall: The is in the early stages of investigating the circumstances surrounding Monday’s 19% price fall in insurance outsourcer Quindell.
Pub landlords tied to big breweries win ‘historic victory’ in Commons Bill: Pub landlords have won a “historic victory” over changes to their relationship with the big breweries which could set them free from the controversial “beer tie” system business groups have claimed.
Eurozone woes lift to record highs: The looming crisis in the Eurozone has been a boon for attracting assets from southern Europe in to M&G its fund management arm.
Bank policymaker: Interest rate rise to have greater consequences in post-crisis world: Mortgages and savings are potentially more vulnerable to changes in interest rates than at any point in the last three decades due to British banks’ declining positions on the world stage a Bank of England policymaker has said.
Shinzo Abe to unleash stimulus and delay tax rise as Japanese recovery flags: Shinzo Abe has made a string of announcements designed to calm worries that the Japanese economy could slip back into stagnation.
The Independent
board fury at PwC denials over profit scandal: could be on the verge of dumping its auditor of 31 years over its apparent failure to identify the accounting problems that led to one of the largest scandals ever to hit the supermarket.
Wonga Chief admits reforms are only ‘halfway there’: A senior Wonga.com Executive admitted before MPs that the company was only “half way” to reforming a culture that resulted in it spending hundreds of millions of pounds to refund customers it shouldn’t have lent to and landed it with heavy fines.
Ofcom mulls forcing Premier League to broadcast more live matches on pay TV: Ofcom the media regulator has launched an investigation into the £1 bn-a-year Premier League TV rights deal because it suspects the shortage of live games is distorting competition and driving up prices unfairly.
The Guardian
Christmas computer game releases help inflation edge higher: Inflation edged higher last month pushed up by more expensive computer game releases in the run-up to Christmas but overall price pressures remained low.
UK houses slip from record highs adding to signs of a cooling market: U.K. house prices slipped back from their record highs in September according to official figures that add to evidence the property market is coming off the boil.
Some reasons why Pfizer won’t bid for again: Neil Woodford the fund Manager sees a 50/50 likelihood that Pfizer will take another pop at once the six-month “hands off” period expires in a week’s time.
Almost 10000 Lloyds staff to receive back pay over denied pay rises: Almost 10000 current and former employees of – the vast majority of whom are women – are each to receive hundreds of pounds in back pay after the bank denied them pay rises.
UK grocery sales in decline for first time in 20 years: U.K. grocery sales have gone into decline for the first time in at least 20 years as a raging price war and the falling cost of food commodities hit Britain’s supermarkets.
Daily Mail
Asda set to invest up to £500 million bringing down more prices in its 590 stores on top of £1 billion it has already earmarked: Asda is set to invest up to £500 million bringing down more prices in its 590 stores on top of the £1 billion it had already earmarked.
City AM
John Lewis crashes through £100 million weekly sales barrier: Department store John Lewis said sales in the week ending 15 November rose 7.2% compared to the same time last year.
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