Rolling coverage of business news as markets reopen after the Christmas break
9.48am GMTAs Britains spacious banks carry on with long task of patching up their reputations,they have novel report cards to pore over from the body set up to improve standards in the wake of the Libor-rigging crisis.
Related: UK banks receive first report cards from Banking Standards Board 9.14am GMTIt looks like it was a very merry Christmas for Fitbit, the US-listed maker of wearable health monitors. Reports that its app topped download charts on 25 December propose plenty of people were unwrapping novel gadgets from the firm on Christmas day and that helped lift its shares on Monday. They closed up 3.3%. 8.43am GMTAfter its minute Christmas break the FTSE 100 has re-opened this morning and struggling to find some direction. The bluechip index of London-listed shares is up around 8 points, and that’s just 0.1%,at 6263.
8.06am GMTGood morning and welcome back to our live blog covering financial markets and business and economics news from around the UK and the world.
As the north of England and Scotland brace for the arrival of yet another storm later, towns, or households and businesses are counting the cost of the flood damage so far. Related: PM defends government spending as cost of floods set to top £5bn MIRROR: Dam you,Cam #tomorrowspaperstoday #bbcpapers pic.twitter.com/h5XkjCveyATHE I PAPER: Flood victims facing ruin turn on the PM #tomorrowspaperstoday #bbcpapers pic.twitter.com/vAFZhLr5s1Continue reading...
Source: theguardian.com