The shortfall was based on estimates at the end of 2012, and the Bank of England said in March about half the total amount it identified was already covered by projected capital accumulation plans.

When Ian Livingston delivered BT's annual results, he had no idea that within six weeks he would be announcing his departure to take over from Lord Green as trade and investment minister.

Dalian Wanda Group (DLWGCZ), the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe's tallest residential tower.

Sir Mervyn was outvoted for a fifth consecutive month on extending the Bank's �375bn quantitative easing (QE) programme, as members voted 6-3 against expanding asset purchases.

Wed Jun 19, 2013 1:25pm EDT. * IMF: Spain, Ireland reforms on track but challenges remain. * Both countries need to complete cleanup of ailing banks.

Wed Jun 19, 2013 12:30pm EDT. By Neil Maidment. LONDON, June 19 (Reuters) - Royal Mail workers backed union opposition to plans to privatise the state-owned postal group on Wednesday, a stark reminder for potential investors that there will be no ...

By Paul Sandle. LONDON | Wed Jun 19, 2013 7:40am EDT. LONDON (Reuters) - Imagination Technologies, the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows.

Berkeley has reported a 26 per cent jump in pre-tax profits as house prices surged in London and the southeast. The upmarket housebuilder sold 3,712 new homes in the year ended April 30, up from 3,565 a year earlier.

FRANKFURT/LONDON | Wed Jun 19, 2013 4:03pm BST. FRANKFURT/LONDON (Reuters) - Vodafone (VOD.L) is discussing a 7.6 billion euros (6 billion pounds) cash bid with Germany's No.

Passenger satisfaction on the railways is dipping, with value for money and how companies deal with delays being the biggest cause for complaint, according to a survey of thousands of train customers.