Axa is to sell Elevate, a business which handles nearly �10bn of UK investments, to Edinburgh-based insurer Standard Life. The move is one of a trio of deals worth up to €830m in total that will complete the French group's exit from UK life assurance.
Retailer Next has slashed its sales guidance for the second time in two months and warned of “a potentially wider slowdown in consumer spending”.
Housing analysts have slammed a 100% mortgage launched by Barclays as "crackers", saying the first mortgage since the crisis not to require a deposit will help people buy property they can't afford.
The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in its revenues from consumer lending.
10.20: The Footsie extended its falls as the morning session progressed as commodity stocks retreated amid gloom over the global growth outlook and as investors digested a big batch of corporate results, including updates from Sainsbury's, Next and ...