Split-caps pay Â£194m compensation
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Eighteen investment firms are to pay split- capital investors Â£194m in compensation after thousands lost money in what were marketed as low-risk investments.
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Up to 10,000 investors in split capital investment trusts will not receive a penny from a compensation settlement agreed last week, after four firms pulled out of negotiations.
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The work may have been subcontracted to another firm.
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Insurance payouts for Hurricane Frances look set to reach $4.4bn, making it the fourth most expensive storm in US history.
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Business & money: Â·  Payout comes despite claims of price-fixing Â·  Airline cites 'contractual obligations' for move
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THE Financial Services Authority has finally agreed a multi-million pound fund with 22 City firms to compensate victims of the split-capital investment trust misselling scandal.
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Former steelworkers who lost pensions when their employers went bust welcome an expected compensation deal.
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A Â£200m compensation package for investors who lost money after investing in split capital trusts was held up last night after a row over a legal clause that would prevent the 22 companies involved from suing one another to reclaim any losses.
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The former boss of the NHS trust where a superbug led to the deaths of 90 people will receive a Â£75,000 pay off.
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The Inland Revenue pays out nearly Â£1m compensation to people who have suffered because of tax credit errors or delays.
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The government agreed Tuesday to increase compensation for the worst-injured soldiers after a row over the size of payout to a veteran who was horrifically wounded in Afghanistan.
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By FORDYCE MAXWELL  DAIRY farmers have been advised to allocate at least 4p per litre for unpaid labour when calculating milk production costs.
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AO VimpelCom, Russia&#39;s second-largest mobile-phone company by subscribers, said it received a claim of 4.4 billion rubles ($157 million) for back taxes, penalties and fines from 2001.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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The Financial Services Authority has brokered a Â£194m compensation fund for 40,000 investors who lost money in split capital trusts.
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The Prison Service paid Â£2.5m in compensation to prisoners in England and Wales last year, figures show.
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Four migrant women who suffered sustained abuse given Â£140,000 compensation