Dairy Crest, the struggling milk and butter firm, sold its French margarine business St Hubert for £344million to pay off debts and focus on UK expansion.
RBS boss Stephen Hester has given up his bonus - worth up to £2.4million - for a second year in a row after the bank's computer meltdown entered its 11th day and with mounting financial scandals causing uproar.
Martin Gilbert, one of Scotland’s best-known businessmen, is nearly £2.5m richer after selling 1m shares in Aberdeen Asset Management, where he is chief executive.
More than 100 UK jobs are set to be lost after 3i, which holds £10.5bn of investments worldwide including a stake in fashion retailer Hobbs, laid out a scheme to slim down the firm.
The euro jumped nearly 2 per cent against the US dollar towards $1.27, reversing four days of decline, and shares around the world soared.
The long bank holiday caused by the Diamond Jubilee boosted underlying sales at stores opened for more than a year by 3.1 per cent in the 16 weeks between March 4 and June 23.
The City grandee who led a review of corporate governance at Britain’s banks is a candidate to head a probe into Barclays.
Stephen Hester has confirmed he won't take his bonus for 2012 in light of the IT scandal.
The company is being sold to a partnership of two banks – blue-blooded M&G, owned by Prudential, and the Wall Street monolith Morgan Stanley.
The Shareholder Spring claimed one of its most resounding victories yet as Xstrata was forced to tear up and redraw loyalty bonuses attached to its £50bn merger with Glencore.