Economics / Markets

Lloyds Banking Group paid a £4.6m golden hello to its new chief executive, Antonio Horta-Osorio, to bring him across from Santander, it has been revealed.

David Sokol, the man considered to be the most likely candidate to succeed Warren Buffett as chief of Berkshire Hathaway, has unexpectedly resigned.

The FTSE 100 remains on track to make gains for the sixth day in a row, with miners powering ahead.

The Australian dollar has hit a 29-year high against the US dollar on the back of fresh demand for the nation's commodities.

The pound has risen against the euro after UK GDP growth was reported as -0.5% in Q4 2010, slightly ahead of previous estimates of -0.6%.

The FTSE 100 is treading water this morning as investors await the final UK GDP reading for the fourth quarter of 2010.

The Treasury Select Committee (TSC) is to investigate corporate tax avoidance amid public pressure for action on companies seen as paying less than their fair share.

Nationals round-up: The Budget continues to grab headlines on the Money pages while investors are still mulling whether to invest in Japan.

Britain's financial services companies are bottom of the league when it comes to customer service, according to a survey published this morning.

Taxes will be increased on expensive houses, allowing the government to fulfil its longer-term promise to scrap the 50p top income tax rate, Nick Clegg has said.