The latest Financial News...
MARKET REPORT: KPN shares rise amid rumors of a potential cash bid from tycoon Carlos Slim
KPN's shares moved up to €1.64 amid speculation that major shareholder Carlos Slim (pictured), one of the richest men in the world who owns Mexican telecoms group America Movil, is lining up a cash bid north of €3 a share.
Government plans to sell-off Lloyds and RBS set to be unveiled within weeks
Chancellor George Osborne confirmed he will reveal plans after the influential banking commission of MPs and peers publishes its final report. This is expected in the middle of next month.
Sterling is pounded as a fall in sales shows green shoots are still fragile
Figures from the Office for National Statistics showed retail sales fell 1.3 per cent in April - a far worse performance than expected, as bad weather hit spending.