IBM announces a rise in profits despite revenues falling because of a $1bn fall in revenue caused by currency movements.

Online retailer and auction site eBay says its income doubled in the second quarter after higher revenue from its PayPal payment business.

Microsoft confirms the exact date in October that its new computer system will go on sale in what it calls the most important redesign in 10 years.

Thousands of Home Office staff are set to go on strike over jobs, pay and other issues, the Public and Commercial Services union says.

Shares in New Oriental Education and Technology slump for the second day running after a research group claimed its accounts were fraudulent.

Yum Brands, which runs the KFC, Pizza Hut and Taco Bell restaurant chains, sees its profit growth capped by higher costs in China.

The Co-op agrees terms with Lloyds Banking Group to buy 632 Lloyds TSB and Cheltenham and Gloucester branches in a deal worth up to £750m.

Japanese bank Mizuho Financial will pay $128m (£82m) to settle claims that a US subsidiary inflated the value of financial instruments.