Barclays sells its United Arab Emirates retail business

Barclays has agreed to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB).

Tesco facing fresh turmoil after finance director resigns

Tesco was facing fresh turmoil on Friday as the supermarket confirmed that Laurie McIlwee, its embattled finance director, has quit just days before the company is expected to announce a new decline in profits.

New car sales hit 10 year high in March

Sales of new cars rose at their fastest pace for a decade, the Society of Motor Manufacturers and Traders (SMMT) has said.

Credit card companies face FCA competition inquiry

Credit card providers will come under the spotlight of the City regulator, amid concerns that vulnerable customers are being offered "payday loans with plastic" and paying high interest rates which subsidise wealthier borrowers.

Pilots' strike grounds Lufthansa flights

German airline Lufthansa has cancelled around 900 flights at the start of a three-day strike that is expected to affect some 425,000 passengers.

Asos chief defends investment strategy after profit slowdown

The chief executive of young fashion website ASOS defended his investment strategy and said it will allow the group to be truly global.

Apple and Samsung patent row back in court

The latest round in a bitter tit-for-tat legal row between the two biggest players in smartphones will be resumed later in California.