Wednesday, 30 May 2012 11:56 'Fuel prices are set to rise after it was announced yesterday that a refinery providing 20 per cent of the South East’s petrol is to be closed down, leading to the loss of up to 1,000 jobs. The AA fears the closure of the Coryton refinery, in Essex, will lead to City speculators pushing up the wholesale price of refined fuels – meaning higher prices at the pumps. The refinery was put into administration by its Swiss owner Petroplus in January, raising fears of fuel shortage after it halted all sales.' Wednesday, 30 May 2012 11:45 'Banks will be required to display notices in branch and on websites that tell customers how much of their savings are protected if the bank goes bust, the Financial Services Authority (FSA) said today. The plans - outlined in December - will also apply to building societies and credit unions. They will see stickers and posters displayed prominently in branches to draw attention to savings protection limits. UK savers' deposits are protected up to £85,000 under the savings safety net - the Financial Services Compensation Scheme (FSCS). Foreign banks with branches in the UK which are not covered by the scheme will need to make this clear while stating which national scheme is providing protection.'
Thursday, 31 May 2012
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