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FTSE 100 firms' pension deficit soars, says LCP

The combined pension funds deficit for companies in the FTSE 100 has seen huge increases in the past year, according to pensions expert LCP.

The European Union formally agrees to waive fines for Spain and Portugal over their excessive budget deficits.

UK industrial output grew at the fastest rate since 1999 in the second quarter of the year, but the trade deficit worsened in June.

Pakistan's trade deficit widened significantly in its last fiscal year, new data shows, with exports showing a steeper decline than imports.

The UK's trade deficit widened in May after the value of exports fell faster than the value of imports.

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