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FTSE hits two-week low on poor earnings, heads for weekly loss

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's shock bid triggers Unilever focus on short-term value

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.

3:13pm GMT

Pearson to cut costs further, sell assets after $3.3 billion loss

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.

2:09pm GMT

Prudential to review enhanced annuity sales, compensate customers

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.

1:59pm GMT

BoE proposes changes to ease capital burden for smaller banks

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.

2:50pm GMT

As Saudis prepare to sell shares in oil giant, some have misgivings

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.

Middle East 3:28pm GMT

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