Serco reports sharp drop in profits after crisis-hit year

Troubled outsourcing company Serco reported plunging profits for 2013 and expects a further 20% fall this year following a series of scandals that left its reputation in tatters.

Royal Mail float: paying bankers' deferred fees would be 'mad', MP says

The government would be "mad" to pay more than £4m in deferred fees to the banks that advised on Royal Mail's privatisation because they undervalued the company, the chairman of a parliamentary committee said after grilling the bankers on Wednesday.

France won't force companies to cap executive pay

PARIS: The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.

RBS leaves government's toxic asset insurance scheme

Royal Bank of Scotland (RBS) has moved a step closer to becoming a private company after withdrawing from a government scheme that insures the bank's riskiest assets.