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THE WIRE

BUSINESS NEWS HEADLINES

Ogden rate review falls short of insurers' hopes
Ogden rate review falls short of insurers' hopes

Think of the name Ogden and you might think of the American poet Ogden Nash, Coronation Street's busybody Hilda Ogden and her layabout husband, Stan, or even the famous Ogden's Nut Brown Flake tobacco brand, later parodied by 60s rockers The Small Faces.

Nomura to pay $26.5m settlement to SEC
Nomura to pay $26.5m settlement to SEC

Nomura will pay $26.5m (£21m) to settle charges in the US that it failed to properly supervise five former traders who lied to customers about mortgage bond prices.

Money Shop plans £18m customer payout pot
Money Shop plans £18m customer payout pot

One of Britain's biggest short-term consumer lenders is to ring-fence an £18m compensation pot for creditors as it prepares to wind itself up following a surge in customer complaints.

May in bid to electrify embattled car industry
May in bid to electrify embattled car industry

Theresa May will pledge to offer new financial support for Britain's embattled automotive sector in one of her final efforts to cement an economic legacy before she leaves Downing Street.

Government sets deadline for final British Steel bids
Government sets deadline for final British Steel bids

Bidders for British Steel have been told to submit their final offers for the company by midnight on Monday as advisers to the government draw up detailed contingency plans for the potential closure of its vast Scunthorpe steelworks.

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