Barclays profits dragged down by investment bank slump

Profit at Barclays' investment bank almost halved in the first quarter after a slump in income at its rates and currency business.

Tiger Airways shares slump on widening losses

Shares in Singapore-based budget carrier Tiger Airways slumped by as much as 8%, to a one-month low, after it posted widening losses.

Labour should reform the railways, prospective MPs say

Labour should renationalise the rail industry if it wins the next election, a group of 31 prospective MPs has said. In a letter to the Observer, they said services should be returned to public ownership when current franchises end.

Samsung ordered to pay Apple $120m for patent violation

An American jury has ordered Samsung to pay $119.6m to Apple for smartphone patent violations, far less than Apple had sought and marking a big loss for the iPhone-maker in the latest round of the two companies’ worldwide litigation.

AstraZeneca rejects Pfizer's $106 billion bid

AstraZeneca has rejected Pfizer's sweetened takeover bid, describing the proposed $106 billion deal as inadequate.

Rolls-Royce blames strength of pound for profit slump

The strength of the pound and a one-off charge for fixing a product problem will reduce Rolls-Royce's profits by £70m this year.

Japan Airlines profit hit by weak yen and higher costs

Japan Airlines (JAL) has reported a dip in full-year profits, which it says is mainly due to the weaker yen pushing up costs.