RBS and Santander rapped over PPI failures – business live

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Rolling coverage of economics, business and markets as the competition regulator demands bank changes

Eddie Stobart Logistics has said chief executive Alex Laffey will step down immediately as the company applied to suspend its shares from trading after it failed to publish its half-year results in time. The company, which provides transportation and warehousing facilities, found errors in its previous financial statements in a review a month ago. Eddie Stobart said on Friday it would publish the results in early September and announced a review of its dividend policy.

 

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Surprising flow from the two financial behemoths.

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