TSB's chief executive, Paul Pester has rejected suggestions by MPs that the newly liberated bank may not be large enough to challenge the �big five�.
One of Tesco's most prominent institutional shareholders has ditched its remaining stake in the company and cast doubt on the retailer's recovery prospects under its new chief executive.
Tesco shares fell to their lowest level in more than 11 years on Friday after the retailer's credit rating was downgraded and news emerged that an institutional shareholder had sold off his stake.
The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big companies.
Shire PLC raised its earnings guidance again Friday after delivering record sales growth, demonstrating the attractive prospects of the Dublin-based drug maker after AbbVie Inc. pulled out of a $54 billion takeover of the company last week.