Pharmaceutical giant GlaxoSmithKline is considering floating its standalone HIV drugs business ViiV in a move that would propel the business into the FTSE 100's top 40 companies with a market valuation of up to �17billion.
Shares in Foxtons plunged 15% after the estate agent warned that the London's property market was cooling. The company, whose 50 branches operate mainly in the capital, reported a "sharp and recent slowing of volumes" in London sales.
LONDON - Lloyds Banking Group may cut as many as 9,000 jobs, or about 10 percent of its work force, and close some branches as part of a reshaping of its business for the digital age, according to a person familiar with the matter.
Autumn colours begin to show on trees in Royal Victoria Park, Bath. Photograph: Matt Cardy/Getty Images. Angela Monaghan. Thursday 23 October 2014 06.10 EDT.
The number of mortgage approvals made to home-buyers was 10% lower in September compared with the same month a year earlier in further signs that the housing market is cooling, banks have reported.