The bank agrees to pay $100m in the US after an investigation into alleged illegal transactions with Iran, Sudan, Burma and Cuba. 8:25pm UK, Wednesday 11 December 2013.
Royal Mail, the newly-privatised postal service, will be joining the FTSE 100 index of blue-chip companies. The company's share price has surged more than 80% since its first day of public trading on 15 October, giving it a market capitalisation of nearly �6bn.
The Bank of England's policy of forward guidance has not been effective in stimulating the pace of recovery, one of its interest rate setters said on Wednesday in the first breach of the central bank's advocacy of its new monetary policy strategy.
Six years after one of the largest leveraged buyouts ever, private equity group Blackstone is set to return Hilton Worldwide , the world's biggest hotel chain by number of rooms, to the US market after raising $2.35bn in an initial public offering.
What's in a name? As shares in microchip designer Imagination Technologies dived 20 per cent on Wednesday, investors seemed to think that the title said less about laudable ambition and more about undue optimism over the company's decision to take the ...