Tim Cook, Apple chief executive, defended the US technology group's tax practices in the face of blistering report by congressional investigators charging that it was engaged in massive tax avoidance schemes to save billions of dollars in tax on its ...

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.

... Off. � Apple chief exec to be grilled by US politicians on tax � McCain: Apple tax gives new meaning to 'think different' � UK inflation falls further than expected to 2.4pc � G4S chief executive Nick Buckles steps down � Marks & Spencer profits fall after clothing ...

The luxury goods group Burberry said full-year pretax profits rose by a better-than-expected 14% on strong retail growth in Asian markets, where it is increasing numbers of Burberry-branded stores.

It's back to basics on the FTSE 100 this morning, with the biggest movers at both ends of a steady index tracking changes to their earnings guidance.

By David Henry. TAMPA, Florida | Tue May 21, 2013 11:00am EDT. TAMPA, Florida (Reuters) - JPMorgan Chase & Co's (JPM.N) Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief ...

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.

May.21 - Vodafone's posted the largest ever fall in its main revenue measure, forcing it to keep a dividend from Verizon, its healthy U.S.

Scotland can "more than afford' to be a successful independent country, its first minister has said. Alex Salmond was speaking as he launched a paper outlining the nation's key economic strengths.