One analyst has suggested that Unilever should sell its underperforming Flora spreads business. Photograph: Luke Macgregor/Reuters.
London's deep, liquid markets and the breadth of its financial and professional services mean that it stands unrivalled as a European financial centre, which is one of the reasons why it has dominated the foreign exchange market in such a decisive way.
Shares in Lloyds rose 4% after the bank reported that pre-tax profits for 2016 more than doubled to �4.2bn. Photograph: John Keeble/Getty Images.
Sajid Javid has said that his shopkeeper father would have lobbied him about business rate rises as he vowed to help small businesses that have been hardest hit.
Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike “fairly soon” might be appropriate to avoid the risk of an overheated economy, minutes of Federal Open Market Committee's latest meeting showed.