The FT analysis makes grim reading for chancellor George Osborne ahead of his 19 March budget. Photograph: Getty Images. Put away the champagne.
Guy Hands has unexpectedly agreed to transfer his long running lawsuit against Citigroup, over his firm's ill-fated �4.2bn acquisition of EMI, to London from the US.
... Print. * FTSE 100 ends down 1.1 pct at 6,712.67 points. * Chinese company's bond default hurts miners. * Tensions over Crimea also weigh on UK stock market.
The 91,000 staff of the John Lewis Partnership will receive an annual bonus worth 15% of their salaries. The bonus is the equivalent to almost 8 weeks' pay, but the bonus rate is lower than last year's 17%.
Ross McEwan, new boss of the bailed-out Royal Bank of Scotland, has been handed �3m in shares. Photograph: Lefteris Pitarakis/AP.