BUSINESS

Net profit declines 79% to $130m amid investors' battle to takeover the company.

Pope Francis has spoken out against the global financial system, saying that deregulation of financial markets has created a "cult of money" and blamed it for causing growing inequality across the world.

Lin Homer tells the Public Accounts Committee that HMRC collects taxes under laws set by government, not on morals

Occupy movement launches new campaign to break up 'too big to fail' banks in London's Canary Wharf.

Lloyds AGM hears of "significant progress" made by bank in 2012 as share price soared 85% across year.

Zurich's capitalisation ratio under Swiss rules has risen to 185% as of January, 2013, compared to 178% six months ago.

RBS reveals job losses are a result of restructuring its Retail head office functions in the UK

Aviva takes a £54m hit on restructuring costs in the first quarter.

Google chief Matt Brittin defends tech giant in front of Public Accounts Committee on tax avoidance

Like-for-like sales rise 13% in the UK & Ireland in the fourth quarter ended in 30 April.

HMRC deal to let Goldman Sachs off millions of tax it owed was lawful, rules high court.

We take a look at HSBC’s report on the long-term risks for China and the global economic impact

Total gold demand declines13% in the quarter due to a massive liquidation of exchange traded funds.

London Finance Commission recommends greater fiscal autonomy for London, but capital risks losing out if tax yield drops.

BP says the escalating compensation costs are putting the company financials into jeopardy.

Russia’s interior ministry believed to have snatched Vladimir Golubkov in bribery sting.

City finance jobs decline to 5,922 in April from 7,661 in the same month, a year ago

Fallon reveals British government creating 'robust regulation' to speed up UK shale gas exploration.

Capital's mayor backs London Finance Commission demand for devolved power and financial autonomy.

British water utilities Yorkshire Water and Thames Water have attracted foreign investor-attention in the past.

Quarterly results suffer from €683m writedown of steel plants in US and Brazil

Britain's central bank sees brighter growth outlook and faster fall in inflation.

The bailed-out Italian bank reports a loss of €100.7m, its fourth consecutive quarterly loss.

Economy shrinks for the sixth straight quarter at the start of this year

The data comes as Eurozone unemployment recently reached a record 19 million people.

Allianz posts 6.6% rise in quarterly revenues, a new record in the conglomerate's history.

In the latest sign of an economic recovery, number of Britons claiming unemployment benefit dives in April too

Bank of England's chief will deliver his last Quarterly Inflation Report before Mark Carney takes office

Leader of Europe's largest investment bank shrugs off acquisition opportunities and eyes cost savings