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Brexit financial fallout: Chancellor George Osborne abandons plans to hit 2020 budget surplus target

Osborne admits he will miss the government's 2020 budget surplus target as a result of an expected economic downturn.

Shell re-evaluating North Sea operations in light of low oil prices with possible job losses

Shell to increase cost cuts and exit up to 10 countries as a result of the BG deal

Oil major's chief executive says he is taking 'a good look' at the company's operations.

AstraZeneca and LEO Pharma enter licensing agreement for skin diseases drug

AstraZeneca and LEO Pharma enter into licensing agreements for a skin diseases drug

LEO Pharma was also sold rights of AstraZeneca's psoriasis drug, brodalumab for Europe.

Weaker pound could see petrol prices rise by 8p per litre within weeks after Brexit vote

Buying crude oil, which is priced in dollars, becomes more expensive potentially sending prices up by 5p to 8p.

More news

Apple in talks to buy Jay-Z owned Tidal music service – Report

The talks are in the preliminary stage and may not go forward.

Asian markets: Shanghai Composite gains as BOE hints at interest rate cuts

BOE's governor said interest rate cuts were required to support the UK's economy following the Brexit result.

British Gas to offer free electricity on weekends to smart meter users

The new Free Time tariff is expected to save customers around £60 a year.

Oracle ordered to pay $3bn to Hewlett Packard Enterprise over Itanium chip lawsuit

Oracle ordered to pay $3bn to HP over Itanium chip lawsuit

The lawsuit was filed after Oracle announced in 2011 that it would stop writing software for HP's Itanium servers.

Brexit: Standard and Poor's cuts investment-grade credit rating of the European Union to AA

This follows S&P's recent downgrade of the UK's credit rating from AAA to AA.

Hershey rejects $23bn takeover bid from rival Mondelez

US chocolate giant's shares close 17% higher in New York following news.

Brexit: Bank of England governor Mark Carney hints at UK interest rate cuts over coming months

Governor Mark Carney says the central bank will do 'whatever is needed' to support economic growth.

Google Madrid offices raided by Spanish tax authorities

Google has said it has complied with the fiscal law in Spain.

Brexit: Tata Steel’s efforts to maintain operations in the UK could now be damaged

Fears that Brexit vote may derail Tata Steel's UK asset sale

Buyers remain reluctant to take on the huge steelworkers' pension scheme.

There's more to a career in radio than jockeying for FM channels.

News Corp snaps up Talksport owner Wireless Group for £220m

Rupert Murdoch's News Corp agrees deal to buy Talksport owner Wireless Group.

As Morgan Stanley and Goldman Sachs scout EU locations, is Brexit weighing on London?

Job losses and relocation fears mount as big banks remain non-committal about future operations in London.

University of London affiliates say Brexit will not affect EU student fees until 2019

Goldsmiths, SOAS and QMUL say EU student fees and funding will mirror UK scheme for three years.

BHS: Sir Philip Green demands apology from Labour MP Frank Field over 'nicking money' claim

Labour MP Frank Field displayed 'shocking behaviour' over inquiry into the retailer's collapse, says Green.

John Wood Group says its FY16 EBITA will be 20% lower than previous year

John Wood Group says its 2016 EBITA will be 20% lower than previous year

Energy services giant says it continues to expect full-year EBITA to be around 20% lower than 2015.

After Brexit: How the 'Uber effect' is vital to UK economic policy

Hybrid platforms must be part of the UK's new economic policy – here are four ways to accelerate change.

UK current account deficit holds at near record levels

The deficit was static while first-quarter GDP came in unrevised at 0.4%, according to ONS.

Asian markets: Most indices trade higher following a positive Wall Street close overnight

Asian markets: Most indices trade higher following positive Wall Street close overnight

Analysts say Brexit seems to have taken a back seat in the short term.

Brexit: Singapore’s United Overseas Bank stops loans for London property purchases

Brexit: Singapore's United Overseas Bank suspends loans for London property purchases

Singapore's DBS Group Holdings has, however, said it will continue with its London property loan offerings.

Barack Obama: Brexit poses threat to global growth

US president says he has 'genuine longer term concerns' over growth following UK's decision to leave EU.

Deutsche Bank and Santander fail US Federal Reserve's annual stress test

Ally Financial, American Express, BancWest and 28 other banks passed the test.

UK consumers downbeat amid Brexit jitters

GfK Consumer Confidence Index remains unchanged at -1 in June.

Brexit: Renault considers raising UK car prices following EU referendum vote

French carmaker weighing up options after EU referendum result as market volatility hits share prices.

Ethereum-based APPII working with Open University to verify qualifications on blockchains

Open University have been experimenting with a blockchain solution in their Knowledge Media Institute (KMI).

Where are the UK fintech game-changers? Why the industry must innovate before Google buys a bank

Many startups want a slice of the huge financial market but few of them have offered any real innovation.

Goldman Sachs passed on BHS deal: It was 'not one for us'

Goldman Sachs' UK vice chairman said investment bank had little involvement in sale of retail chain BHS.

Indian government doles out 24% salary increase to 10 million civil servants

More than 5 million government employees and 5.8 million pensioners will benefit.

Economist Thomas Piketty and ex-BoE adviser Danny Blanchflower quit Corbyn's economic advisory council

Two prominent members depart the body that was set up last year to advise on monetary policy.

Dixons Carphone posts a 17% increase in profits before tax for the year to 30 April

Dixons Carphone posts 17% increase in profit before tax

Dixons says Brexit would come with certain risks such as economic uncertainty and exchange rate volatility.

Greene King beer pump and pint of beer are seen in a pub in central London

Greene King profits up but warns a Brexit may hit consumers

Pub group Greene King boost profits after Spirit takeover but warns Brexit vote will knock consumer spending.

Asian markets: Shanghai Composite gains as Brexit fears ease

Asian markets: Shanghai Composite gains as fears over Brexit ease

Analysts have opined that the pound which recently dropped to 30-year lows could fall further.

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