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Banks give Premier Foods breathing space
News Struggling food manufacturer Premier Foods has been given a bit of breathing space by its bankers, who have agreed to defer the company's end-of-year loan covenant tests by three months.
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RBS rises despite weak profits
News Perhaps the most closely watched stock on the FTSE 100, Royal Bank of Scotland, has made a profit before tax of £2,004m in the third quarter of 2011. This compares to a £1,560m loss at the same point in 2010.
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Old Mutual life sales up 8% in Q3
News Savings, investments and insurance group Old Mutual saw life sales grow by 8% in the three months to 30 September, helped by strong growth in emerging markets.
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Standard Chartered avoids Europe melt down
News Standard Chartered, the number two UK bank by market value, has seen revenues for the first nine months of 2011 grow by "a high single digit percentage".
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