Amazon.com added 2.5 per cent after the company said it was buying video-game service Twitch Interactive in one of its biggest acquisitions.  Photograph: Paul Faith/PA Wire

Worldwide stock indexes rose yesterday and European bond yields fell on expectations of more stimulus from the European Central Bank, while strong US(...)

The London Stock Exchange Group said today it would raise £938 million to part fund the acquisition of US indexes group Frank Russell. LSE will offer(...)

Tesco chief executive Dave Lewis is expected to spend his first months at the retailer listening. Photograph: EPA

When Dave Lewis takes over as chief executive of Tesco in October, following the sudden ousting of Philip Clarke last week, he faces the task of reviv(...)

The City of London: in the early 1980s, investment banking had not yet adopted the football model. If you were a Warburg man you didn’t become a Schroders man just because it was prepared to pay a bit more. Photograph: Chris Ratcliffe/Bloomberg.

By far the most cheering thing in the Financial Times newspaper last week was a letter from Robert Pickering, the man who used to run Cazenove. In it,(...)

 Hugh “Skip” McGee: one of Barclay’s highest paid employees last year.

The lavish pay and bonus bill that Barclays shareholders complained about so bitterly at last week’s annual meeting will be a little lighter fr(...)

Andor, the Belfast-based specialist digital camera maker, has received an increased share offer from Oxford Instruments. Oxford announced a revised of(...)

Britain’s chancellor George Osborne and Lloyds Banking Group chief executive Antonio Horta-Osorio address staff at a Lloyds Contact Centre in Birmingham, after discussing the sale of a 6 per cent stake in the banking group. Photograph: Joe Giddens/Reuters

A profit of £61 million on £3.2 billion worth of shares may not seem much to shout about, but the UK government’s sale of the first tranche of its sta(...)

The Swiss Re building, also known as the Gherkin, in London. The structure of the merger between Phoenix Group and Admin Re has not been finalised, but one scenario being discussed involves Phoenix issuing new shares to Swiss Re. Photograph: Simon Dawson/Bloomberg

British specialist life insurer Phoenix Group is in talks about merging with a unit of Swiss Re in a deal that could be worth £3 billion, Sky News re(...)