Bank of England governor Mark Carney has insisted the UK's poor trading performance and household debt mountain are no reason to panic as he challenged "pessimists" who believe the recovery could falter.
Lloyds Banking Group is to sell its remaining 21 per cent stake in St James's Place, the wealth manager, bringing the total raised from three share sales this year to almost �535 million.
LONDON (Reuters) - Two of Britain's biggest grocers warned they may have to put up prices in Scotland if the country votes for independence in next year's referendum.
"We need to improve our competitiveness in defense and space�and we need to do it now," said Tom Enders, chief executive at EADS.
As plans go, the suggestion that HSBC Holdings list its U.K. arm is a bit of a head-scratcher. The bank could float a stake of up to 30% to create a separately listed entity worth around �20 billion ($32.7 billion), estimates Espirito Santo.