Barclays is to appoint former JP Morgan banker Jes Staley as its new chief executive.

Labour says it will now oppose plans to force future governments to keep a budget surplus, prompting anger among some of its MPs.

Legalising cannabis could generate hundreds of millions of pounds a year in tax and cut costs for the police and prisons, a government study finds.

Luxury goods giant LVMH Moët Hennessy Louis Vuitton has seen a rise in revenue from increased wine and spirit sales.

China's September imports fall 17.7% in yuan-denominated terms, while exports fall 1.1%, official figures show.

Shares in Asia were largely in negative territory in early trade on Tuesday, despite a higher close on Wall Street.

SABMiller accepts "in principle" an increased takeover offer from rival brewer Anheuser-Busch InBev of £44 a share.

The government says it has raised £591.1m from selling its final stake in Royal Mail, bringing the total amount raised to £3.3bn.