1. Tesco offloads banking operations to Barclays
The UK’s biggest food retailer said the majority of the proceeds would be returned to shareholders in the form of an incremental share buyback.
2. Ryanair accuses On The Beach of being a pirate
On The Beach won the dubious honour of being Ryanair's “No. 1 Pirate” for February.
3. Barclays to quit funding new oil and gas
New finance for upstream oil and gas projects will cease immediately, while non-diversified firms could see spending curbed next year.
4. Air Astana details London IPO plans
BAE Systems-backed Astana will list for US$9.50 a share, implying a US$847 million valuation for the Kazakh airline.
5. FTSE 100 flops
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