Economics

Lloyds Banking Group is to sell another 11.5% stake in its TSB business, leaving it with a 50% holding in what promises to become a challenger to the UK's existing retail banking industry.

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Tesco has confirmed former CFO Laurie McIlwee has not been working the final six months of his contract, encompassing most of the period currently under investigation by the firm following its profits overstatement.

RBS chairman Sir Philip Hampton is to leave the bank in order to take up an identical position at GlaxoSmithKline, according to reports.

UK shares edged lower this morning as concerns over the economic recovery in the US, and yesterday's move by the country to curb tax avoidance via M&A deals, continue to weigh on investor sentiment.

UK public borrowing rose more than expected in August, figures released by the government today have revealed.

UK sugar manufacturer Tate & Lyle saw its shares fall by nearly 20% at one stage this morning after it warned profits will sharply undershoot estimates.

Barclays has hired former Citigroup banker Akshaya Bhargava to head up its recently restructured wealth management business, following the exit of Peter Horrell in June.

Shares in the largest Scottish companies, notably financials, helped power the FTSE 100 higher this morning after the results of the Scottish referendum revealed the country had voted to remain part of the UK.

Prime Minister David Cameron has said there will be "no re-runs" of the Scottish referendum which saw a decisive vote in favour of the country remaining part of the UK.