GlaxoSmithKline is looking at selling a minority stake in its HIV drugs business through an initial public offering and has launched a restructuring programme aimed at saving �1bn in annual costs.
The Bank of England decided not to raise rates earlier this month citing a slowdown in the eurozone, particularly Germany, and jitters in financial markets.
Facebook looks set to spark a fresh row over offshore tax avoidance as UK accounts showed it paid no corporation tax for the second year in a row while granting shares worth tens of millions of pounds to London staff.
LONDON (Reuters) - Dave Lewis, the new boss of crisis-hit British grocer Tesco Plc (TSCO.L), will face his first public test on Thursday when he reveals the damage caused by a financial scandal on a business already losing popularity with shoppers.
The �big four� grocery retailers are running supermarkets that are 20 years out of date, the boss of Waitrose has said. Mark Price said that changes in British shopping habits are �far more fundamental than the discounters�, which have grabbed shoppers from ...