The controversial HS2 rail line will cost five times as much as its French equivalent and do little to help regenerate the North of England, experts warned yesterday.
Axa is selling its wealth unit's pensions and protection businesses to Phoenix Group as the French insurance giant continues to offload its UK assets amid consolidation in the life industry.
LONDON UK banks which have a global footprint and big domestic retail operation might have to set aside a slightly bigger capital buffer against lending risks from 2019, the Bank of England said on Thursday.
KCOM Group Plc said on Friday it expected core earnings for the current financial year to be slightly lower than a year earlier, as the telecoms services provider ramps up investments in its Hull and East Yorkshire market to accelerate growth.
Anglo American has named Bruce Cleaver, currently its group director of strategy and business development, as the new chief executive of its diamond business, De Beers.