Business headlines

BT WARNS OF RISE IN PHONE BILLS
BT warns millions of customers it is increasing prices by up to 6.5% from December this year.

FED SAYS 'SLACK' IN US JOBS MARKET
US Federal Reserve chair Janet Yellen says there is still "remaining slack in the labour market".

BUYING '£1,300 CHEAPER THAN RENTING'
First-time buyers now save £1,300 a year by taking out a mortgage rather than renting, according to Britain's largest lender, the Halifax.

CO-OP BANK REPORTS LOSS OF £75.8M
The troubled Co-operative Bank cuts its pre-tax losses in the first half of the year, and cuts staff numbers by 13%.

HSBC BOSS IN 'CAPITAL FLIGHT' CLAIM
Uncertainty over an independent Scotland's currency could lead to "capital flight" from the country, the chairman of HSBC claims.

EDF TO PAY OUT £3M AFTER COMPLAINTS
EDF Energy is ordered to pay £3m after an Ofgem probe into the way the firm handled customer complaints, the last of the "big six" to make such a payment.

LSE RIGHTS ISSUE TO RAISE ALMOST £1BN
The London Stock Exchange is raising £938m in a shareholders rights issue to help fund a £1.6bn US acquisition.

ARGENTINA DEBT PLAN RULED 'ILLEGAL'
Argentina's plan to ask investors holding defaulted bonds to swap them for new locally issued debt is ruled "illegal" by a US court.

THREE BIDS REMAIN FOR BUST SHIPYARD
Administrators consider three bids for Ferguson Shipbuilders in Port Glasgow, which went bust last week.

GAP GOES TO INDIA FOR NEW CUSTOMERS
US clothing store Gap is bringing its brand to India with the aim of opening 40 outlets, and will launch the first two stores early next year.