Lloyds is targeting £1.4 billion in cost savings by the end of next year

    Lloyds to cut 3,000 jobs in wake of Brexit

    07.45 Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender prepares for a cut in interest rates following Britain's decision to quit the European Union.

    Facebook now has more than 1.7 billion monthly users, well ahead of any rivals

    Strong ad sales growth for Facebook during Q2

    08.09 Facebook has provided more evidence it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high.

    The US central bank said the economy had expanded at a moderate rate and job gains were strong in June

    US Federal Reserve leaves interest rates unchanged

    08.13 The US Federal Reserve left interest rates unchanged last night but said near-term risks to the US economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

    Brent crude futures hit a high of $43.72 a barrel this morning but then fell to $43.47 shortly after 8am Irish time - flat from their previous close

    Oil prices drop back after early gains

    08.19 Oil prices came off early gains today and were close to April lows touched in the previous session as crude producers and fuel refiners continued to pump out more than the market can consume.

    Sean Dunne is alleged to have transferred assets worth €100m to his wife Gail Dunne. The official assignee wants these set aside.

    Gayle Dunne bid to halt asset transfer case fails

    27 Jul Gayle Dunne, the wife of property developer Sean Dunne, has lost her bid to get orders halting proceedings aimed at setting aside alleged invalid transfers to her of various assets of her husband.

    The EU has to date not dared to use its full powers against euro zone overspending for fear of triggering a populist backlash

    Spain, Portugal escape excessive deficit fines

    27 Jul The European Commission has backed away from slapping fines on Spain and Portugal for running high deficits, in what would have been a landmark move by the EU to impose tough budget rules.

    Michel Barnier was a key architect of the EU's new banking union, whose creation often put him at loggerheads with the City of London

    Michel Barnier to negotiate Brexit with Britain

    27 Jul European Commission head Jean-Claude Juncker has appointed veteran French politician and former EU commissioner Michel Barnier to lead the negotiations with Britain on its exit from the bloc.

    Business investment remains soft despite data ranging from retail sales to housing suggesting that the economy has regained speed after growth almost stalled early in the year

    Small rise in demand for US manufactured goods

    27 Jul New orders for US manufactured capital goods rose less than expected in June amid weak demand for machinery and a range of other goods, suggesting that business spending will remain subdued for a while.

    Apple said it sold 40.4m iPhones in the third quarter, down 15% from the year-ago quarter but slightly more than the average analyst forecast of 40.02m

    Apple iPhone sales better than expected

    27 Jul Apple sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets.