NYSE traders: Critics say cap-weighted indices run the risk of significant declines if a handful of constituent stocks tumble and that tracker funds will end up being too invested in overpriced stocks, and too little in underpriced stocks. Photograph: Brendan McDermid/Reuters

Traditionally, investors had two choices – track stock markets by buying low-cost index funds, or opt for more expensive active funds that try to beat(...)

Reynolds American is to buy rival Lorillard for $25 billion, merging two of the world’s biggest cigarette makers in a deal that includes the sale of (...)

The headquarters of Reynolds American is seen next to the old RJ Reynolds Tobacco smoke stacks in downtown Winston-Salem, North Carolina. Photograph: Chris Keane/Reuters

Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the thr(...)

On a slow day for the Iseq, Aer Lingus was the biggest riser, finishing the day at €1.47, up 3.8 per cent. Photograph: Frank Miller

The Iseq rose by 0.6 per cent yesterday, as most European markets treaded water. Better-than-expected US and Chinese manufacturing data was cancelled(...)

The curve of the German share price index DAX board is pictured at the Frankfurt stock exchange. Photograph: Reuters/Fabrizio Bensch

A boost for mining companies and Sky Deutschland helped drive European stocks rose to their highest level in more than six years. Commodity produce(...)

Aer Lingus and Ryanair had contrasting days. While Aer Lingus rose by 0.6 per cent to €1.409, Ryanair closed down 2.3 per cent at €6.60 on profit taking. Photograph: Alan Betson

European stocks posted a gain in the first full week of 2014, as data showed US and German unemployment fell and that Ireland returned to the bond mar(...)

Bank of Ireland was a beneficiary of upward momentum in the financial sector, with its share price finishing up 1.1 per cent at 27 cent

European stocks rose, extending a third consecutive monthly advance, as Rio Tinto Group and Boliden led mining companies higher, and banking stocks al(...)

A cigarette display cabinet in a central London newsagent’s shop. Photograph: PA

Britain announced an independent review of tobacco packaging today and said it was ready to introduce new laws banning branding on cigarette packets i(...)

The US Federal Reserve building in Washington. Minutes released from the Fed’s October meeting showed it expects further improvement in the US jobs market and “would thus warrant trimming the pace of purchases [of bonds] in coming months”.

The Iseq remained broadly flat as shares slid elsewhere across Europe, following gloomy news from China and the US. A gauge of manufacturing in China (...)

E-cigarettes: “A case can be made for them, certainly, but there are downsides, including the renormalisation of cigarettes”

When it comes to corporate evil there is one perfectly legal industry that towers above the rest. It will kill at least 50 people by the time you fini(...)