Australia's Billabong rejects a takeover bid from TPG Capital but says it is still negotiating with the investment firm.

Eurozone countries need to put more money in their rescue fund before G20 nations can help them, the G20 finance ministers say.

The Prudential, the UK's biggest insurer, is considering moving its headquarters overseas to escape new rules.

UK housebuilder Bovis Homes has reported a steep jump in profits for 2011 and says average sales prices rose to £180,100.

Danish container shipping firm AP Moller-Maersk reports a sharp fall in profits for last year and warns 2012 will see profits slip further.

HSBC's annual profits rise 15%, boosted by its performance in Asia and other emerging markets in a year of "major progress".

Educational publisher and FT owner, Pearson reports a rise in profits thanks to improved digital sales and growth in emerging markets.

Some parents could be forced out of work and into poverty as the rising cost of childcare outstrips wage rises, says a report.