Royal Mail's FTSE 100 debut sparks profit-taking by shares investors

Royal Mail has been a spectacular stock market performer since its flotation in October, but its debut in the FTSE 100 yesterday was an excuse for investors to cash in some of their gains.

RBS raises PPI claims bill by a further £400m

Royal Bank of Scotland has set aside a further £400m to cover the cost of claims for mis-sold payment protection insurance (PPI).