GSK is forming a consumer health joint venture with Novartis, while at the same time buying the Swiss company’s vaccines business and divesting its cancer drugs portfolio to Novartis

GlaxoSmithKline and Novartis said on Monday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers.G(...)

Peter Barrett, chief executive of SMBC Aviation Capital: the company is one of the top five in the global aircraft finance sector. Photograph: Brenda Fitzsimons

Irish-based aircraft leasing giant SMBC Aviation Capital earned more than $212 million (€190m) in profits last year, accounts just published show.The(...)

Stephen Hester: comments shed further light on why he has avoided selling  largeassets, such as its Scandinavia division, to bolster the insurer’s balance sheet. Photograph: Simon Dawson/Bloomberg

RSA Insurance’s multibillion-pound pensions liabilities are putting the insurer off a break-up as it could be forced to hand over a large share of sal(...)

Fyffes, the banana distributor, slipped more than 1.5 per cent to close the day at €1.17 per share. Photograph: Simon Dawson/Bloomberg

The Dublin stock exchange reached its highest level since 2008, climbing 1.1 per cent.Shares rose across most of Europe, building on their best start(...)

Lloyds Banking Group reaches a milestone in recover. Photograph: Reuters

Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a (...)

Antonio Horta-Osorio, chief executive officer of Lloyds Banking, speaks during the British Chamber of Commerce’s (BCC) annual conference in London. Photograph: Simon Dawson/Bloomberg

Lloyds Banking Group is paying its first dividend for six years after reporting a rise in profit and improvements in its capital strength, a milestone(...)

Ryanair: the low-cost carrier saw its shares fall 7 cent to €9.96, which was roughly in line with other airline stocks. Photograph: Andy Rain/EPA

EOIN BURKE-KENNEDY Major European share indexes climbed to new multi-year highs, with the world’s largest brewer, Anheuser-Busch InBev, leading the f(...)

RSA Insurance Group’s Stephen Hester delivered a full-year profit, restored dividends and stepped up cost cuts that will result in more job losses. De(...)

Ulster Bank chief executive Jim Brown said the results were a “clear signal” that its strategy was working and “evidence of sustained progress across all areas of the bank”.

Ulster Bank made an operating profit of £606 million (€752 million) in 2014. This compared with a loss in the previous year of £1.6 billion and was it(...)

European stocks traded near a seven-year high, while Greek shares fell on skepticism that a debt agreement is within reach. The Stoxx Europe 600 Index(...)