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Friday newspaper round-up: JPMorgan, SFO, energy bills

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09/08/2013
JP Morgan to 'admit wrongdoing' over 'London whale' losses; Serious Fraud office admits to another blunder; energy bills up £300 under Cameron.

JPMorgan Chase is set to admit to wrongdoing in a settlement with US and UK authorities over its “London whale” trading losses, the Financial Times reported.

The Serious Fraud Office mistakenly sent 32,000 pages of documents relating to its case against BAE Systems to the wrong place last year, The Times revealed.

Prime Minister David Cameron has mistakenly promised communities near shale gas fracking they will get £1.0m “immediately” – 10 times the amount they are actually set to receive, The Telegraph said.

Bank of England Governor Mark Carney has urged Britain’s high street banks to focus on the economy and help businesses invest and create jobs, The Guardian unveiled.

Aviva‘s shares jumped to their highest level for two years after the insurer reported it had doubled its pre-tax profit in the first half, according to The Independent.

Research has shown UK homes have been hit by annual power bills which have increased more than £300 since David Cameron came to power, The Mirror said.

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