Britain's public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year that leaves finance minister George Osborne with a lot of catching up to do to meet his fiscal goals.
The big banks are to set aside more than �1bn next week for new PPI mis-selling compensation, Sky News learns. 11:16am UK, Tuesday 22 July 2014.
Credit Suisse Group AG (CSGN) said it will exit commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008.
ARM, the British microchip designer responsible for the architecture of the processor in almost every smartphone, benefitted from a boost in licensing revenues in the second quarter as manufacturers bought into its latest technology.
LONDON (Reuters) - London's Canary Wharf district has won permission to build 3,100 new homes alongside the headquarters of some of the world's biggest banks.