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2:51pm BST

World markets

Shanghai 2,326.55 -13.10 (-0.56%)
S&P 500 1,945.50 +4.22 (0.22%)
Nikkei 225 15,195.77 +391.49 (2.64%)
Hang Seng Index 23,403.97 +315.39 (1.37%)
TSEC 8,748.83 +94.19 (1.09%)
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GBP/USD 1.6044 -0.0068 (-0.43%)
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GBP/JPY 171.9950 -0.4400 (-0.26%)
GBP/HKD 12.4442 -0.0525 (-0.42%)
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GBP/AUD 1.8251 -0.0122 (-0.66%)
UPDATE 2-Home Retail to shrink Homebase and prioritise Argos
... * Firm to close quarter of Homebase stores by 2018. * Says committed to retaining Homebase as part of group. * H1 pretax profit 30.9 mln stg, up 13 pct but below forecasts.
Quarter of Homebase stores set to shut  
Homebase to follow in the digital footsteps of Argos  
Market Chart
6,396.57 +24.24 (0.38%)
15,158.01 +133.04 (0.89%)
3,422.99 +15.65 (0.46%)
3,123.52 +36.59 (1.19%)

Top stories

GlaxoSmithKline is looking at selling a minority stake in its HIV drugs business through an initial public offering and has launched a restructuring programme aimed at saving �1bn in annual costs.
The Bank of England decided not to raise rates earlier this month citing a slowdown in the eurozone, particularly Germany, and jitters in financial markets.
Facebook looks set to spark a fresh row over offshore tax avoidance as UK accounts showed it paid no corporation tax for the second year in a row while granting shares worth tens of millions of pounds to London staff.
LONDON (Reuters) - Dave Lewis, the new boss of crisis-hit British grocer Tesco Plc (TSCO.L), will face his first public test on Thursday when he reveals the damage caused by a financial scandal on a business already losing popularity with shoppers.
The �big four� grocery retailers are running supermarkets that are 20 years out of date, the boss of Waitrose has said. Mark Price said that changes in British shopping habits are �far more fundamental than the discounters�, which have grabbed shoppers from ...

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