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.
Wonga has posted a record annual loss of �80.2m as the UK payday lender undertakes a radical overhaul of its business in an attempt to survive tough regulations.
South Korean supermarket chain Lotte Mart has stopped stocking Reckitt Benckiser products amid a growing public backlash against the British consumer goods maker blamed for selling fatal disinfectants that caused nearly 100 deaths five years ago.