Household Bills
Wednesday newspaper round-up: Barclays, BoE, UK water
Barclays hit with record penalty; quantitative easing programme may have been manipulated by gilt edged markets; PM asked to look into UK water companies…
Barclays has been hit with a record $470m penalty from US Federal Energy Regulatory Commission for manipulating power prices, the Financial Times revealed.
The Bank of England’s executive director for markets, Paul Fisher has told MPs that a quantitative easing programme may have been manipulated by gilt edged market makers, prompting an investigation of traders, The Telegraph reported.
Prime Minister David Cameron will be asked on Wednesday to deal with claims that water companies are handing out huge profits to shareholders at the expense of consumers, according to The Times.
Greeks have taken to the streets again to protest controversial plans to slash 25,000 public sector jobs, The Guardian said.
A top executive of GlaxoSmithKline has been filmed “confessing” to bribery claims at Britain’s biggest drugmaker on Chinese state TV, The Independent unveiled.
