apple tim cook Apple CEO Tim Cook waits in the audience before appearing at a Senate homeland security and governmental affairs investigations subcommittee hearing.

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.

Jamie Dimon, the chief executive and chairman of JPMorgan Chase. Haraz N. Ghanbari/Associated PressJamie Dimon, the chief executive and chairman of JPMorgan Chase.

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.

Nick Buckles has quit unexpectedly from G4S after a difficult year that saw the chief executive survive calls for his departure after the mishandling of a high profile contract to provide security guards to the London 2012 Olympics.

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.

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.

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.

Marks and Spencer has lost a five year legal battle with Interflora after it bought advertising space tied to Google searches for the flowers delivery network's name.