LONDON | Sat May 18, 2013 11:32pm BST. LONDON (Reuters) - A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday.

An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent regulations, experts warned on Saturday.

Huge orange and green cranes hover over a vast building site at King's Cross, London. Over the next three years, 2.4 acres of this site will be transformed into a million square feet of an 11-storey headquarters for the internet giant Google, no doubt ...

Nuffield Health, the charity that runs gyms and private hospitals, is the second organisation within a fortnight to offer small investors a high-paying bond.

The founders of troubled Kazakh miner ENRC have been given more time to come up with a better bid, but the City isn't convinced a better offer will be made.

The economic benefits of the HS2 high-speed rail project are unclear, the National Audit Office (NAO) has warned. In a report, the NAO said it had "reservations" about how the planned high-speed rail link would deliver growth and jobs.

The report said the cost of hitting European Union targets on green energy is likely to be more than �16 billion by 2020. This includes the cost of subsidies for wind farms and nuclear power, improvements to the national grid and VAT on green costs.

One of the most dramatic shareholder revolts in recent years was staged on Thursday when City veteran Sir John Bond was ousted from the board of Glencore Xstrata and replaced as chairman by Tony Hayward, the former BP boss whose reputation hit rock ...

Ofcom has launched a consultation on price increases part-way through a contract. The telecoms regulator Ofcom has launched a consultation on whether telecom, broadband and mobile firms should be allowed to raise prices part-way through a contract.

Amazon's UK subsidiary paid �2.4m in corporate taxes last year, the online retailer's accounts show, despite making sales of �4.3bn.