TSB's chief executive, Paul Pester has rejected suggestions by MPs that the newly liberated bank may not be large enough to challenge the �big five�.
One of Tesco's most prominent institutional shareholders has ditched its remaining stake in the company and cast doubt on the retailer's recovery prospects under its new chief executive.
Tesco shares fell to their lowest level in more than 11 years on Friday after the retailer's credit rating was downgraded and news emerged that an institutional shareholder had sold off his stake.
NEW YORK (Reuters) - U.S. stocks were on pace to close out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter & Gamble and as concerns eased over the possible spread of Ebola.
Shire PLC raised its earnings guidance again Friday after delivering record sales growth, demonstrating the attractive prospects of the Dublin-based drug maker after AbbVie Inc. pulled out of a $54 billion takeover of the company last week.