LONDON (Reuters) - GlaxoSmithKline (GSK.L) cut its 2014 earnings outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out of growth.
PayPal is to enter the online loans market in the UK for the first time. It will offer working capital to existing business customers, targeting small firms from the autumn.
Mortgage approvals increased for the first time in five months in June as stricter rules around home loan applications started to bed in, according to lenders.
(Updates prices after settle). * FTSE 100 index ends flat. * GSK's profit warning erases FTSE gains. * Strong figures from Capita, BHP Billiton keep index afloat.
The ASA judged that the pyramid bag did allow the tea to move more freely, and therefore release more taste. Photograph: Convery flowers/Alamy.