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Thursday newspaper round-up: US Fed, BP, O2

Your Money
Written By:
Your Money
Posted:
Updated:
01/08/2013

Fed eases back on tapering talk; BP changes tack by keeping US wind farms; O2 Confirms 4G launch date.

The US Federal Reserve said it would keep its monetary stimulus programme in tact on Wednesday night as it seeks to nurture signs of revival in the world’s biggest economy, the Financial Times said.

Royal Bank of Scotland (RBS) is expected to appoint Ross McEwan as its new chief executive as soon as Thursday, The Telegraph reported. McEwan, a New Zealander who heads the taxpayer-backed lender’s retail operations in the UK, is considered the leading candidate to take over from Stephen Hester, who announced his resignation in June.

Centrica boss Sam Laidlaw says he would love to spare customers a price rise this year for the first time since 2009 after the energy group saw its first-half profits rise 9.0%, The Times unveiled.

BP has gone back on plans to sell its US wind farm assets, which had been seen as part of the oil and gas group’s wider retreat from alternative energy, the Financial Times revealed.

Facebook’s shares have returned to their flotation price briefly for the first time since its disastrous initial public offering last year after reporting a surge in mobile advertising revenue last week, according to The Guardian.

A High Court has ruled that General Electric ‘conspired’ to acquire airline’s planes on the cheap, The Independent reported.

Mobile phone company O2 has announced it will launch its superfast 4G network which will go live on August 29th, with bosses pledging a rapid roll-out, according to The Mirror.