Apple CEO Tim Cook arrives before testifying to a Senate panel on Tuesday in Washignton. WASHINGTON�Apple Inc. turned to "alchemy" and "ghost companies" to pay no corporate income tax to any national government on tens of billions of dollars in ...

Sterling tumbled almost a cent against the dollar, down 0.7pc to $1.5145, as traders said falling inflation raised the prospect of more stimulus when Mark Carney takes over as Bank of England Governor in July.

More than 40 per cent of shareholders voted against the re-election of Ellen Futter, James Crown and David Cote as directors, potentially heralding a boardroom shake-up at the largest US bank by assets.

LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.

Vodafone has delayed the launch of its 4G service until around September, a full 10 months after rival EE brought the first version of superfast mobile internet technology to the UK.

Lack of competition in the UK cement industry has cost consumers millions of pounds, according to the Competition Commission. It said the big firms had focused on maintaining market share rather than competing with each other.

The Bank of Ireland (BoI) has reversed controversial increases of mortgage rates for some of the 13,500 affected borrowers following pressure from consumers and lawyers.

The �1.2bn contract, first revealed by The Daily Telegraph and still subject to final negotiations, will see Capita take over the management of existing O2 call centres with 3,700 customer service jobs transferred.

LONDON (SHARECAST) - 1630: Close The FTSE charged ahead to finish at its highest level in 13 years today as a sharp drop in consumer-price inflation lifted the outlook for the UK economy, growing by 2.4 per cent in the year to April 2013, down from 2.8 ...

Highland councillors have decided to raise no objection to plans for two new wind farms. Energy giant SSE has proposed installing 23 turbines at Glencassley and WKN AG 22 at Sallachy, both in Sutherland.