Markets

The former chief executive of HBOS sold off two-thirds of his personal stake in the bank's shares before the lender collapsed.

Tesco is considering selling off its loss-making US business Fresh & Easy, announcing it will conduct a strategic review of the retail franchise.

The manager of the world's largest bond fund has highlighted four structural headwinds that pose a risk to growth in developed economies such as the US.

The Investment Management Association (IMA) has criticised FSA proposals aiming to clarify the definition of absolute return funds, warning it risks putting UK-authorised funds at a disadvantage.

Australia's central bank has cut its benchmark interest rate to 3% in order to counter a slowdown in its mining sector.

The banking crisis has been as damaging to the UK economy as a world war, a top Bank of England (BoE) official has said.

Artemis UK Growth managers Tim Steer and Stephen Yiu have bought into Lloyds as they increase exposure to domestic-oriented stocks and start shorting former favourites.

Multinational coffee house Starbucks has caved in to public anger over the recent revelation it paid less than 1% in tax in the UK, pledging to 'do more' according to reports.

Credit rating agency Moody's Investor Services has downgraded its rating of the European Stability Mechanism (ESM) - Europe's bailout fund - because of increased concerns over the financial health of France.

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