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.
One analyst has suggested that Unilever should sell its underperforming Flora spreads business. Photograph: Luke Macgregor/Reuters.
Britain's economy grew 0.7 per cent in the fourth quarter of the year, an upgrade on the initial estimate, confirming that the EU referendum result had next to no noticeable effect on economic trends in the six months following the vote.
Heathrow expansion can only be justified if the government proves it will not breach laws on climate change and pollution, MPs say.
BAE Systems has confirmed that chief operating officer Charles Woodburn will take the helm as chief executive when Ian King retires this summer.