PRESS DIGEST- British Business - November 26

Reuters

November 26 - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Telegraph

RBS MAKES 50 MLN STG 'TOXIC' PROFIT SINCE BAILOUT

Analysis of bank's global restructuring group shows RoyalBank of Scotland's controversial West Register arm hasmade nearly £300m from distressed customers.

SURPRISE REVERSAL AS OSBORNE PUTS CAP ON PAYDAY LOANS

The Government is to impose a cap on the cost of paydayloans in an attempt to reduce borrowing costs, despite rulingout such a measure less than six months ago.

The Guardian

ENERGY FIRMS' PROFIT FROM CUSTOMERS HAS RISEN 77 PCT IN AYEAR, SAYS OFGEM

The big six energy firms have been exposed to furtheraccusations of profiteering after the industry regulatorrevealed that profits per customer last year rose by 77%.

RBS APPOINTS LAW FIRM CLIFFORD CHANCE TO EXAMINE SMALLBUSINESS ALLEGATIONS

Royal Bank of Scotland has appointed the law firmClifford Chance to examine damaging allegations that thebailed-out bank is deliberately wrecking viable small businessesto make a profit.

The Times

"ASSET-STRIPPING" RBS FACES FRESH DEMANDS FOR BREAK-UP

Royal Bank of Scotland faced renewed calls for itsbreak-up yesterday after an adviser to the Department forBusiness suggested that it and Lloyds should be split into sixretail banks.

FORMER BANK OF ENGLAND GOVERNOR ROBIN LEIGH-PEMBERTON DIES

Robin Leigh-Pemberton, the former Governor of the Bank ofEngland, died on Sunday night. He was 86.

Sky News

BIG SIX ENERGY FIRMS FACE NEW PROFITS STORM

The big six energy companies made 23 pounds more in averageprofit from each UK household on aggregate last year - a rise of75 percent on 2011 - and profits are still rising, according tothe industry's regulator.

PAYDAY LOANS TO BE CAPPED BY GOVERNMENT

The under-fire industry will be forced to limit the cost ofits loans amid claims it is trapping vulnerable people in debt.The cost of payday loans will be capped under new laws by early2015, the Government has announced.

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