US Engine Yahoo looks at "Strategic ALternatives" to separate its Alibaba stake

The US search engine Yahoo has confirmed it is looking at "strategic alternatives" for its business - including splitting off its stake in Chinese online retailer Alibaba.

Yahoo said it is setting up a committee to look into how the business can be reorganised to reverse its current financial woes.

 

The firm's share price has fallen by more than 40% since the end of 2014.

Boss Marissa Mayer has been under pressure to revitalise the business.

Earlier this month Yahoo confirmed it was cutting 15% of its workforce after reporting a $4.3bn (33bn) loss for the year.

The job

NAB shares fell 5.7%, as Clydesdale Bank Price low

National Australia Bank (NAB) shares fell 5.7% after the lender priced shares of its Clydesdale Bank at 180p, which was at the low end of estimates.

 

The price values the UK bank at about £1.5bn ($2.2bn).

The lender had delayed the listing by 24 hours to update its prospectus after a request from a ratings agency.

Shares in Glasgow-based Clydesdale, which has been owned by NAB since 1987, will begin trading in London later on Wednesday.