The average sum given by parents to their “generation rent” offspring is £17,500, or 7 per cent of purchase price

There’s a new bank in town and it’s a force to be reckoned with. It didn’t have a big launch and there’s been no expensive advertising campaign, but B(...)

BP’s chief executive Bob Dudley:  BP shareholders voted on April 14 to oppose his  $20 million pay package for 2015, the rare revolt reflecting outrage after the British oil and gas company recorded its biggest annual loss. Photograph: REUTERS/Suzanne Plunkett/Files

Chief executives’ outsized pay packages are again coming under scrutiny, following a host of controversial pay awards in recent weeks. A fortnight ago(...)

Martin Sorrell: said he had spent more than three decades building WPP from a £1m company into one capitalised at £21bn

Martin Sorrell, the septuagenarian boss of advertising giant WPP, doesn’t like the word “pay”. Instead, it seems, he prefers the term “reward” to desc(...)

A man drinks from a beer can while wearing a virtual reality headset at a party hosted by Deloitte Digital during the South By Southwest Interactive Festival in Austin, Texas. Photograph: David Paul Morris/Bloomberg
Planet Business

Image of the week: Virtual fun It is estimated that 97 per cent of people photographed wearing virtual reality headsets look stupid, but not this g(...)

The new make-up of the FTSE has dealt another blow to Britain’s banks which have seen their profitability squeezed

For the first time in a decade, Britain’s financial sector has lost its status as the largest component of the UK’s prestigious index of blue-chip sto(...)

European Central Bank executive board member Benoît Cœuré: some viewed his remarks as a sign the ECB, which holds a policy meeting next week, could put pro-bank measures in place. Photograph: Tobias Schwarz/AFP/Getty Images

European shares finished higher yesterday after a volatile day of trading, with banks making their fifth straight day of gains after previously suffe(...)

Garzweiler opencast lignite – or brown coal – mine, operated by RWE, in Garzweiler, Germany.  Photograph: Martin Leissl/Bloomberg
Planet Business

Image of the week: Excavation at dusk Lights illuminate giant excavators as they operate at dusk at the Garzweiler opencast lignite – or brown coal(...)

An Australian court has ordered Nurofen’s UK owner to stop selling several versions of the popular painkiller that were identical to its standard ibuprofen pills but nearly twice as expensive.

An Australian court has ordered Nurofen’s UK owner to stop selling several versions of the popular painkiller that were identical to its standard ibup(...)

Craig Farrell, who has been appointed managing director of ZenithOptimedia. (Photograph: Conor McCabe)

Core Media, the largest media-buying agency in Ireland, has appointed Craig Farrell as the managing director of the Dublin-based ZenithOptimedia. Mr (...)

Nestle: Swiss company’s shares rose 3.5 per cent to 74.70 Swiss francs. Photograph:  Fabrice Coffrini/EPA

Nestle, the world’s biggest packaged food company, posted better than expected first-half sales growth and stuck to its 2015 forecast, despite a recal(...)