LONDON Britain's top share index hit a two-week low on Friday and was on track for a weekly loss after three straight weeks of gains, with falls in lenders like Standard Chartered and RBS after their results pressuring the wider market.
Recent Business News
Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
LONDON Pearson earned some respite from the turmoil weighing on its business on Friday, the education services giant saying trading had not deteriorated further and that its balance sheet was in better shape than feared, despite a big headline loss.
LONDON Insurer Prudential said on Friday it had agreed with regulator the Financial Conduct Authority to review how it sold annuities and would compensate customers where appropriate.
LONDON The Bank of England proposed on Friday to allow new banks to hold less capital from next January to help them win more market share from the "Big Four" lenders that dominate high streets.
KHOBAR, Saudi Arabia/DUBAI Jamil Farsi, a prominent Saudi Arabian jewellery tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month.