LONDON Britain's competition watchdog has been asked to assess the impact of the planned spin-off of new bank Williams & Glyn for competition in the UK banking sector, so the government can judge if more needs to be done.
Shares in Kingfisher have headed to the top of the FTSE 100, after the home improvements group said it was benefiting from UK and Irish homeowners calling tradesmen in to do up their homes instead of working on improvements themselves.
TOKYO - Asian shares shed gains on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled a 13-year peak against the yen as it rallied on the expectation the US Federal Reserve will raise rates this year.
Stewart Ford, the founder and majority share owner of Keydata Investment Services, has claimed he will be “glad to see the FCA in court” after the regulator hit him with a �75m fine.
Tate & Lyle has forecast flat profits for the year as the company reported an 80pc fall in pre-tax profits. The FTSE 100 sweetener maker saw its pre-tax profits fall to �55m from �277m in the year to March 31 and a 14pc drop in sales to �2.69bn.