BUSINESS

Rising costs and plummeting sales will force more businesses to close than open

Consultancy group Mercer warns that rising base salaries "weakens" efforts to clamp down on reckless bankers.

Measure of sales by value rose 3.8% on the year in June.

Housing sector receives boost with mortgage lending in June increasing to £15bn, up 2% from May.

Gupta is also banned from working as an officer or director in a public company

IMF says chancellor risks viability of austerity unless he boosts growth by bringing capital investment plans forward.

US Federal Reserve could increase the pace of bond purchases if needed, says chairman.

Falciani calls on European states to open tax evasion investigations.

Settlement that could result in the the largest payment ever to the US energy market regulator, reports WSJ

There is no set timeline for reducing US monetary stimulus.

GSK's British head of finance is banned from leaving China after head of operations Mark Reilly's flight.

Prime Minister Antonis Samaras's two-party coalition scrapes through vote.

Majority of the executive board disagreed with IMF's staff report that urged Osborne to change his policy

There is no set timeline for reducing US monetary stimulus.

Vacancies unchanged at 2% in first quarter as investment trust tackles challenging market.

G20 finance ministers to discuss impact of Fed asset purchase programme tapering this weekend

Heathrow bosses unveil third runway plans submitted to Airports Commission

China Food and Drug Administration announces six-month campaign to stop sales of illegal medicine.

Bank of England minutes show monetary policymakers back new governor's forward guidance on holding rates at 0.5%

ONS says number of people out of work for over a year at highest since 1996.

Q2 net profit rose 101% but investors worried about growth prospects amid Fed stimulus cut.

Diamond Electric becomes 10th auto-parts company to plead guilty in the US Department of Justice's long-running investigation

Europe needs to work out problems on its own after IMF, EC and ECB group disbanded.

The UK will also release June jobs data today

Financial exchanges are prime targets say International Organization of Securities Commissions and the World Federation of Exchanges Office

Investors to look for hints about the future pace of the Fed's asset buys.

US regulator Ferc imposes record fine on Barclays and power traders Daniel Brin, Scott Connelly, Karen Levine and Ryan Smith.

Germany's DAX 30 index was pulled down 0.23%.

Commercial extraction may mean government stripping local council planners of powers.