Centrica, the firm who owns British Gas, has reported a 9% rise in half-year profits.
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Greece's performance under an economic program supported by an Extended Fund Facility (EFF) arrangement. The completion of this review enables the disbursement of SDR 1.51 billion (about €1.72 billion, or US$2.29 billion), which would bring total disbursements under the arrangement to SDR 7.21 billion (about €8.24 billion, or US$10.94 billion).
PwC analysis predicts the UK pension fund longevity hedging market could triple over the next three years, raising questions over the capacity of reinsurers to take on the risks of this growing market.
Barclays are to plug the capital shortfall created by new regulatory demands by issuing £5.8 billion in new shares.
The merger of France's Publicis and US firm Omnicom has created the world's largest advertising company, said to be worth $35.1 billion.
Profits at Ryanair have been hit due to the rising cost of fuel.
Merger & Acquisition (M&A) and capital raising activity by mining and metals companies globally during January – June 2013 (1H) remained very subdued, pointing to the third consecutive year of declining deal volumes for the sector.
Sir Jon Cunliffe has been appointed as the new deputy governor for the Bank of England, with responsibility for financial stability, starting on 1 November 2013.
A report released by the Commons Public Accounts Committee says that 200,000 pension savers who lost money in the Equitable Life scandal may miss out because of lack of publicity for a compensation scheme.
As MPs urge the Government to pick up the "regulatory stick" to drive forward City reforms on corporate governance, the CIPD shares concerns that proposals made by John Kay last July are not being adopted fast enough but warns that regulation alone is not the answer.