A planned merger of Sainsbury's and Asda has been thrown into jeopardy after the competition watchdog identified "extensive" concerns.

The merger between Asda and Sainsbury's isn't dead, but it's in a critical condition and the undertaker's on his way.

Theresa May has held private talks with the Ineos founder Sir Jim Ratcliffe, Britain's richest man, about his blueprint for a new off-road vehicle amid growing scrutiny of his personal tax affairs.

An HSBC veteran criticised by an anonymous group of colleagues in a scathing memo last year is to step down after more than a decade as one of the City's leading investment bankers.

A Paris court has ruled Swiss bank UBS should pay €3.7bn (£3.2bn) in fines for helping French clients evade taxes on €10bn (£8.7bn) in assets.

Police in the US say they are investigating Sir Philip Green after a fitness instructor claimed she was groped by the Topshop billionaire at a luxury resort.

Lloyds Banking Group has shrugged off Brexit concerns as it reported a 13% rise in annual profits - but warned of an uncertain short-term outlook for the UK.

Laura Ashley has tumbled into the red after a slump in demand for its furniture and decorating ranges amid "difficult" first-half trading conditions.

The UK would be "naive" and "irresponsible" to allow Chinese tech giant Huawei to contribute to the UK's next mobile phone network, a defence think-tank says.

The government must reconsider welfare cuts as the country runs the risk of child poverty hitting record levels, according to a report.