Reckitt Benckiser's planned spin-off of its pharmaceuticals division adds to a dizzying range of deals in the pharmaceuticals and consumer healthcare sectors this year as groups look to boost shareholder value by ramping up their strongest businesses and ...
Russia has been ordered to pay $51.5bn to Yukos shareholders by the world's top commercial court in the biggest such award of all time, ruling that the Kremlin fabricated evidence to destroy the oil company and eliminate its founder, Mikhail Khodorkovsky.
Supermarket chain Wm Morrison is to appoint former Tesco finance director Andrew Higginson as its next chairman. Morrisons could announce that it has hired Mr Higginson, who left Tesco in 2012, as soon as Tuesday.
Fracking and shale gas exploration has drawn vehement opposition from UK environmental groups and local communities. Photograph: Christopher Thomond for the Guardian.
Sterling is �overvalued� and this may hamper efforts to rebalance the British economy, the International Monetary Fund has warned the Chancellor.