The City roundup video: Tale of two companies as RBS announce profit rise and retailer Next see good weather affect sales

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Royal Bank of Scotland's shares reached an 11-month high today, after the bank projected that it was on course to make low provisions for bad debts.

RBS chief Ross McEwan said the bank had seen a major turnaround in its fortunes but warned that some uncertainties did still remain.

High-street fashion retailer Next were not as buoyant after they gave the stock market the first indication that fashion sales across the high street could see a major fall this Autumn.

The company is bracing itself for further losses as new laws brought in by the government before April have seen greater restrictions placed on payday lenders.