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.
Kingfisher Plc, Europe's largest home-improvement retailer, met analysts' expectations for first-quarter earnings and reached agreements to complete almost a quarter of its planned B&Q store closures.
TOKYO An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S.
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.